Holding(s) in Company

Drax Group PLC

11 March 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 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

07-Mar-2024

6. Date on which Issuer notified

08-Mar-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	4.209285	7.020319	11.229604	43198322
Position of previous notification (if applicable)	4.313241	6.839123	11.152364

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		16192386		4.209285
Sub Total 8.A	16192386		4.209285%

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	70466	0.018318
Physical Swap	16/05/2024	N/A	6770466	1.760014
Physical Swap	15/05/2024	N/A	1971918	0.512609
Sub Total 8.B1			8812850	2.290941%

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	370078	0.096203
Swaps	26/05/2026	N/A	Cash	1930602	0.501869
Swaps	24/06/2024	N/A	Cash	163234	0.042433
Swaps	30/08/2024	N/A	Cash	1558086	0.405032
Swaps	31/10/2024	N/A	Cash	76256	0.019823
Swaps	18/11/2024	N/A	Cash	19787	0.005144
Swaps	16/02/2026	N/A	Cash	8896	0.002313
Swaps	15/12/2028	N/A	Cash	12665	0.003292
Swaps	18/03/2026	N/A	Cash	168293	0.043749
Swaps	17/05/2024	N/A	Cash	3621705	0.941479
Swaps	23/07/2024	N/A	Cash	2530599	0.657841
Swaps	07/11/2025	N/A	Cash	1047124	0.272205
Swaps	02/07/2024	N/A	Cash	29347	0.007629
Swaps	31/01/2025	N/A	Cash	16372	0.004256
Swaps	03/03/2025	N/A	Cash	2513333	0.653352
Swaps	01/04/2025	N/A	Cash	43125	0.011211
Swaps	15/02/2028	N/A	Cash	11185	0.002908
Swaps	18/04/2024	N/A	Cash	3576000	0.929598
Swaps	23/10/2024	N/A	Cash	480796	0.124985
Swaps	06/05/2025	N/A	Cash	15603	0.004056
Sub Total 8.B2				18193086	4.729378%

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		3.104732	3.104732%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	4.201753	3.901337	8.103091%

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

08-Mar-2024

13. Place Of Completion

United Kingdom

 

END