Holding(s) in Company

Drax Group PLC

14 May 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

10-May-2024

6. Date on which Issuer notified

13-May-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	5.026439	8.493556	13.519995	52281968
Position of previous notification (if applicable)	5.020941	8.445272	13.466213

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		19437294		5.026439
Sub Total 8.A	19437294		5.026439%

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	22447	0.005805
Physical Swap	16/05/2024	N/A	6770466	1.750827
Physical Swap	15/05/2024	N/A	1971918	0.509933
Sub Total 8.B1			8764831	2.266565%

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	0.936565
Swaps	13/06/2024	N/A	Cash	22067	0.005706
Swaps	02/07/2024	N/A	Cash	266965	0.069037
Swaps	23/07/2024	N/A	Cash	4398599	1.137467
Swaps	31/07/2024	N/A	Cash	761752	0.196987
Swaps	30/09/2024	N/A	Cash	20492	0.005299
Swaps	21/10/2024	N/A	Cash	15283	0.003952
Swaps	31/10/2024	N/A	Cash	85579	0.022131
Swaps	18/11/2024	N/A	Cash	132658	0.034305
Swaps	31/01/2025	N/A	Cash	6329	0.001637
Swaps	03/03/2025	N/A	Cash	4675530	1.209081
Swaps	01/04/2025	N/A	Cash	76388	0.019754
Swaps	08/04/2025	N/A	Cash	3224	0.000834
Swaps	22/04/2025	N/A	Cash	4146000	1.072146
Swaps	02/05/2025	N/A	Cash	928000	0.239979
Swaps	15/09/2025	N/A	Cash	38872	0.010052
Swaps	07/11/2025	N/A	Cash	1505108	0.389217
Swaps	16/02/2026	N/A	Cash	457	0.000118
Swaps	06/03/2026	N/A	Cash	233065	0.060270
Swaps	18/03/2026	N/A	Cash	266872	0.069012
Swaps	26/05/2026	N/A	Cash	2874898	0.743442
Sub Total 8.B2				24079843	6.226991%

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	5.006673	5.016186	10.022859%
Bank of America Corporation	Bank of America, National Association		3.475790	3.475790%

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

13-May-2024

13. Place Of Completion

United Kingdom

 

END