Holding(s) in Company

Drax Group PLC

30 April 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

25-Apr-2024

6. Date on which Issuer notified

26-Apr-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	4.772174	8.039215	12.811389	49535323
Position of previous notification (if applicable)	4.735247	7.505851	12.241098

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		18451645		4.772174
Sub Total 8.A	18451645		4.772174%

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	59167	0.015302
Physical Swap	15/05/2024	n/a	1971918	0.510000
Physical Swap	16/05/2024	n/a	6770466	1.751055
Sub Total 8.B1			8801551	2.276357%

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	17/05/2024	N/A	Cash	3621705	0.936687
Swaps	02/07/2024	N/A	Cash	274170	0.070909
Swaps	23/07/2024	N/A	Cash	4398599	1.137616
Swaps	31/07/2024	N/A	Cash	920334	0.238027
Swaps	08/08/2024	N/A	Cash	291538	0.075401
Swaps	31/10/2024	N/A	Cash	85065	0.022000
Swaps	18/11/2024	N/A	Cash	199846	0.051686
Swaps	31/01/2025	N/A	Cash	1071	0.000277
Swaps	03/03/2025	N/A	Cash	3503197	0.906037
Swaps	01/04/2025	N/A	Cash	84450	0.021841
Swaps	08/04/2025	N/A	Cash	12469	0.003225
Swaps	22/04/2025	N/A	Cash	4146000	1.072286
Swaps	28/04/2025	N/A	Cash	25293	0.006542
Swaps	06/05/2025	N/A	Cash	134290	0.034732
Swaps	15/09/2025	N/A	Cash	38872	0.010054
Swaps	24/10/2025	N/A	Cash	983	0.000254
Swaps	27/10/2025	N/A	Cash	2911	0.000753
Swaps	07/11/2025	N/A	Cash	1561706	0.403906
Swaps	16/02/2026	N/A	Cash	18918	0.004893
Swaps	06/03/2026	N/A	Cash	189665	0.049053
Swaps	18/03/2026	N/A	Cash	253369	0.065529
Swaps	26/05/2026	N/A	Cash	2517676	0.651150
Sub Total 8.B2				22282127	5.762858%

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	4.767161	4.964837	9.731998%
Bank of America Corporation	Bank of America, National Association		3.067934	3.067934%

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-Apr-2024

13. Place Of Completion

United Kingdom

 

END