Holding(s) in Company

Drax Group PLC
17 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

Updated calculation methodology for cash equity positions held in trading books for client facilitation purposes.

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

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

14-May-2024

6. Date on which Issuer notified

16-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

0.018985

8.978541

8.997526

34793534

Position of previous notification (if applicable)

5.026439

8.493556

13.519995


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


73417


0.018985

Sub Total 8.A

73417

0.018985%

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

98115

0.025372

Physical Swaps

15/05/2024

N/A

1971918

0.509933

Physical Swaps

16/05/2024

N/A

6770466

1.750827

Sub Total 8.B1


8840499

2.286132%

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

26/05/2026

N/A

Cash

2877272

0.744056

Swaps

31/07/2024

N/A

Cash

983326

0.254286

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

03/03/2025

N/A

Cash

5163557

1.335284

Swaps

02/07/2024

N/A

Cash

266965

0.069037

Swaps

07/11/2025

N/A

Cash

1323688

0.342303

Swaps

06/03/2026

N/A

Cash

667375

0.172582

Swaps

08/04/2025

N/A

Cash

2119

0.000545

Swaps

13/06/2024

N/A

Cash

19092

0.004937

Swaps

01/04/2025

N/A

Cash

40621

0.010504

Swaps

28/04/2025

N/A

Cash

36176

0.009355

Swaps

17/05/2024

N/A

Cash

3621705

0.936565

Swaps

23/07/2024

N/A

Cash

5156599

1.333485

Swaps

31/10/2024

N/A

Cash

85579

0.022131

Swaps

18/11/2024

N/A

Cash

127748

0.033035

Swaps

30/09/2024

N/A

Cash

64315

0.016632

Swaps

21/10/2024

N/A

Cash

47980

0.012408

Swaps

31/01/2025

N/A

Cash

15757

0.004075

Swaps

18/03/2026

N/A

Cash

266872

0.069012

Sub Total 8.B2


25879618

6.692409%

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


5.333480

5.333480%

Bank of America Corporation

Bank of America, National Association


3.630949

3.630949%

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

16-May-2024

13. Place Of Completion

United Kingdom

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