Holding(s) in Company

Drax Group PLC

27 December 2023

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B1VNSX38

Issuer Name

DRAX GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Bank of America Corporation

City of registered office (if applicable)

Country of registered office (if applicable)

US

4. Details of the shareholder

Name	City of registered office	Country of registered office
Merrill Lynch International	London	United Kingdom

5. Date on which the threshold was crossed or reached

22-Dec-2023

6. Date on which Issuer notified

27-Dec-2023

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	3.853759	8.392165	12.245924	47100658
Position of previous notification (if applicable)	3.684012	8.309933	11.993945

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00B1VNSX38		14822445		3.853759
Sub Total 8.A	14822445		3.853759%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Right to Recall	N/A	N/A	360700	0.093780
Physical Swap	16/05/2024	N/A	6770466	1.760286
Physical Swap	15/05/2024	N/A	1971918	0.512688
Sub Total 8.B1			9103084	2.366754%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Swaps	31/07/2024	N/A	Cash	654579	0.170187
Swaps	01/03/2024	N/A	Cash	4000000	1.039979
Swaps	30/08/2024	N/A	Cash	1603024	0.416778
Swaps	07/11/2025	N/A	Cash	985578	0.256245
Swaps	29/04/2024	N/A	Cash	11778	0.003062
Swaps	17/05/2024	N/A	Cash	3621705	0.941624
Swaps	26/05/2026	N/A	Cash	2398448	0.623584
Swaps	18/11/2024	N/A	Cash	234148	0.060877
Swaps	24/04/2024	N/A	Cash	11576	0.003010
Swaps	02/07/2024	N/A	Cash	20163	0.005242
Swaps	23/10/2024	N/A	Cash	1004939	0.261279
Swaps	18/04/2024	N/A	Cash	5804998	1.509269
Swaps	15/02/2028	N/A	Cash	825413	0.214603
Swaps	21/10/2024	N/A	Cash	273245	0.071042
Swaps	30/09/2024	N/A	Cash	375250	0.097563
Swaps	15/02/2024	N/A	Cash	34775	0.009041
Swaps	31/10/2024	N/A	Cash	58091	0.015103
Swaps	29/11/2024	N/A	Cash	110550	0.028742
Swaps	24/06/2024	N/A	Cash	8518	0.002215
Swaps	31/01/2024	N/A	Cash	3095	0.000805
Swaps	15/12/2028	N/A	Cash	12665	0.003293
Swaps	23/07/2024	N/A	Cash	1118599	0.290830
Swaps	23/06/2025	N/A	Cash	3992	0.001038
Sub Total 8.B2				23175129	6.025411%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Bank of America Corporation	Bank of America, National Association		4.049441	4.049441%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.838342	4.337057	8.175399%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

27-Dec-2023

13. Place Of Completion

United Kingdom

 

END