Holding(s) in Company

Drax Group PLC

25 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

Other

Comments

Legal Entity level crossing - See Section 9.

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

21-Mar-2024

6. Date on which Issuer notified

22-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	5.017260	7.235737	12.252997	47135135
Position of previous notification (if applicable)	5.007723	7.222399	12.230122

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		19300525		5.017260
Sub Total 8.A	19300525		5.017260%

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	60860	0.015821
Physical Swap	15/05/2024	n/a	1971918	0.512609
Physical Swap	16/05/2024	n/a	6770466	1.760014
Sub Total 8.B1			8803244	2.288444%

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	18/04/2024	N/A	Cash	3576000	0.929598
Swaps	17/05/2024	N/A	Cash	3621705	0.941479
Swaps	02/07/2024	N/A	Cash	99199	0.025787
Swaps	23/07/2024	N/A	Cash	2530599	0.657841
Swaps	31/07/2024	N/A	Cash	2296	0.000597
Swaps	19/08/2024	N/A	Cash	163234	0.042433
Swaps	30/08/2024	N/A	Cash	1151119	0.299239
Swaps	31/10/2024	N/A	Cash	77453	0.020134
Swaps	18/11/2024	N/A	Cash	353656	0.091935
Swaps	31/01/2025	N/A	Cash	22290	0.005794
Swaps	03/03/2025	N/A	Cash	2905088	0.755191
Swaps	01/04/2025	N/A	Cash	1154	0.000300
Swaps	08/04/2025	N/A	Cash	13486	0.003506
Swaps	06/05/2025	N/A	Cash	209416	0.054439
Swaps	15/09/2025	N/A	Cash	38872	0.010105
Swaps	13/10/2025	N/A	Cash	1310	0.000341
Swaps	07/11/2025	N/A	Cash	1388727	0.361006
Swaps	16/02/2026	N/A	Cash	14855	0.003862
Swaps	06/03/2026	N/A	Cash	685708	0.178253
Swaps	18/03/2026	N/A	Cash	210585	0.054743
Swaps	26/05/2026	N/A	Cash	1961602	0.509927
Swaps	15/02/2028	N/A	Cash	3012	0.000783
Sub Total 8.B2				19031366	4.947293%

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	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	5.000071	4.277492	9.277563%
Bank of America Corporation	Bank of America, National Association

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

22-Mar-2024

13. Place Of Completion

United Kingdom

 

END