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

 

END