Holding(s) in Company

Drax Group PLC

28 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

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

23-May-2024

6. Date on which Issuer notified

24-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	1.048994	9.194186	10.243180	39610488
Position of previous notification (if applicable)	1.000659	9.215436	10.216095

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		4056473		1.048994
Sub Total 8.A	4056473		1.048994%

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	215549	0.055740
Sub Total 8.B1			215549	0.055740%

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	2907058	0.751758
Swaps	31/07/2024	N/A	Cash	486057	0.125693
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	5235201	1.353811
Swaps	02/07/2024	N/A	Cash	187921	0.048596
Swaps	07/11/2025	N/A	Cash	1268963	0.328151
Swaps	06/03/2026	N/A	Cash	800044	0.206890
Swaps	28/04/2025	N/A	Cash	60286	0.015590
Swaps	23/07/2024	N/A	Cash	5156599	1.333485
Swaps	31/10/2024	N/A	Cash	88016	0.022761
Swaps	18/11/2024	N/A	Cash	23277	0.006019
Swaps	30/09/2024	N/A	Cash	252126	0.065199
Swaps	21/10/2024	N/A	Cash	185083	0.047862
Swaps	31/01/2025	N/A	Cash	13374	0.003458
Swaps	18/03/2026	N/A	Cash	261764	0.067692
Swaps	16/05/2025	N/A	Cash	6770466	1.750827
Swaps	19/08/2024	N/A	Cash	1495516	0.386737
Swaps	14/05/2025	N/A	Cash	5032396	1.301366
Swaps	31/03/2025	N/A	Cash	824	0.000213
Swaps	28/02/2025	N/A	Cash	623	0.000161
Sub Total 8.B2				35338466	9.138446%

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		4.977980	6.015617%
Bank of America Corporation	Bank of America, National Association		4.213011	4.213011%

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

24-May-2024

13. Place Of Completion

United Kingdom

 

END