Holding(s) in Company

Drax Group PLC
04 July 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

02-Jul-2024

6. Date on which Issuer notified

03-Jul-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

0.000166

4.236521

4.236687

16404349

Position of previous notification (if applicable)

0.153234

9.063287

9.216521


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


644


0.000166

Sub Total 8.A

644

0.000166%

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

Physical Swaps

19/08/2024

N/A

1709758

0.441573

Physical Swaps

22/04/2025

N/A

2073000

0.535386

Physical Swaps

14/05/2025

N/A

2516198

0.649849

Physical Swaps

16/05/2025

N/A

2756217

0.711837

Sub Total 8.B1


9055173

2.338645%

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

1272818

0.328726

Swaps

31/07/2024

N/A

Cash

346948

0.089605

Swaps

02/05/2025

N/A

Cash

464000

0.119835

Swaps

03/03/2025

N/A

Cash

5225894

1.349671

Swaps

18/12/2025

N/A

Cash

38872

0.010039

Sub Total 8.B2


7348532

1.897876%

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

Managed Account Advisors, LLC




Bank of America Corporation

Bank of America, National Association


4.236521

4.236521%

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

03-Jul-2024

13. Place Of Completion

United Kingdom

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