Holding(s) in Company

Drax Group PLC

29 January 2024

 

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

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

25-Jan-2024

6. Date on which Issuer notified

26-Jan-2024

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	3.650535	8.267036	11.917571	45842709
Position of previous notification (if applicable)	3.984379	8.075574	12.059953

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		14042325		3.650535
Sub Total 8.A	14042325		3.650535%

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	159917	0.041573
Physical Swap	16/05/2024	N/A	6770466	1.760095
Physical Swap	15/05/2024	N/A	1971918	0.512633
Sub Total 8.B1			8902301	2.314301%

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	2058040	0.535022
Swaps	01/03/2024	N/A	Cash	2400000	0.623920
Swaps	30/08/2024	N/A	Cash	1558187	0.405077
Swaps	07/11/2025	N/A	Cash	939521	0.244244
Swaps	17/05/2024	N/A	Cash	3621705	0.941522
Swaps	26/05/2026	N/A	Cash	2257850	0.586965
Swaps	18/11/2024	N/A	Cash	139070	0.036154
Swaps	24/04/2024	N/A	Cash	118	0.000031
Swaps	02/07/2024	N/A	Cash	51623	0.013420
Swaps	23/10/2024	N/A	Cash	1004939	0.261251
Swaps	18/04/2024	N/A	Cash	5804998	1.509105
Swaps	15/02/2024	N/A	Cash	13013	0.003383
Swaps	31/10/2024	N/A	Cash	62412	0.016225
Swaps	29/11/2024	N/A	Cash	242	0.000063
Swaps	24/06/2024	N/A	Cash	264293	0.068707
Swaps	15/12/2028	N/A	Cash	12665	0.003292
Swaps	23/07/2024	N/A	Cash	2530599	0.657871
Swaps	06/05/2025	N/A	Cash	12371	0.003216
Swaps	02/12/2024	N/A	Cash	4521	0.001175
Swaps	18/03/2026	N/A	Cash	146068	0.037973
Swaps	15/02/2028	N/A	Cash	13802	0.003588
Swaps	25/02/2025	N/A	Cash	240	0.000062
Swaps	24/07/2025	N/A	Cash	1806	0.000469
Sub Total 8.B2				22898083	5.952735%

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		3.741573	3.741573%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.646368	4.511960	8.158328%

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

26-Jan-2024

13. Place Of Completion

United Kingdom

 

END