Holding(s) in Company

Drax Group PLC

10 June 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

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

06-Jun-2024

6. Date on which Issuer notified

07-Jun-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	0.375635	9.488567	9.864202	38147556
Position of previous notification (if applicable)	0.004378	10.027463	10.031841

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		1452682		0.375635
Sub Total 8.A	1452682		0.375635%

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	541872	0.140117
Physical Swaps	19/08/2024	N/A	3419516	0.884219
Physical Swaps	22/04/2025	N/A	4146000	1.072074
Sub Total 8.B1			8107388	2.096410%

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	2691918	0.696077
Swaps	31/07/2024	N/A	Cash	119736	0.030961
Swaps	02/05/2025	N/A	Cash	928000	0.239962
Swaps	15/09/2025	N/A	Cash	38872	0.010052
Swaps	03/03/2025	N/A	Cash	5415478	1.400335
Swaps	02/07/2024	N/A	Cash	60588	0.015667
Swaps	06/03/2026	N/A	Cash	1020553	0.263895
Swaps	28/04/2025	N/A	Cash	74509	0.019267
Swaps	23/07/2024	N/A	Cash	3358464	0.868432
Swaps	31/10/2024	N/A	Cash	85066	0.021996
Swaps	18/11/2024	N/A	Cash	149263	0.038596
Swaps	30/09/2024	N/A	Cash	672587	0.173918
Swaps	21/10/2024	N/A	Cash	497197	0.128565
Swaps	31/01/2025	N/A	Cash	13949	0.003607
Swaps	18/03/2026	N/A	Cash	263084	0.068028
Swaps	16/05/2025	N/A	Cash	6770466	1.750709
Swaps	14/05/2025	N/A	Cash	5032396	1.301278
Swaps	28/02/2025	N/A	Cash	6259	0.001618
Swaps	04/06/2027	N/A	Cash	1389101	0.359194
Sub Total 8.B2				28587486	7.392157%

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		5.084715	5.460057%
Bank of America Corporation	Bank of America, National Association		4.398027	4.398027%

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

07-Jun-2024

13. Place Of Completion

United Kingdom

 

END