Holding(s) in Company

Drax Group PLC

06 June 2023

 

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 voting rights

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

01-Jun-2023

6. Date on which Issuer notified

02-Jun-2023

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	2.291969	6.690772	8.982741	35888257
Position of previous notification (if applicable)	2.742622	6.393323	9.135945

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		9156980		2.291969
Sub Total 8.A	9156980		2.291969%

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	2222510	0.556289
Sub Total 8.B1			2222510	0.556289%

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	31/07/2024	N/A	Cash	816933	0.204476
Swaps	15/02/2028	N/A	Cash	11123	0.002784
Swaps	01/03/2024	N/A	Cash	4179450	1.046106
Swaps	18/03/2026	N/A	Cash	1	0.000000
Swaps	30/08/2024	N/A	Cash	37615	0.009415
Swaps	18/11/2024	N/A	Cash	244	0.000061
Swaps	15/02/2024	N/A	Cash	42535	0.010646
Swaps	29/11/2024	N/A	Cash	90328	0.022609
Swaps	21/07/2023	N/A	Cash	6594046	1.650473
Swaps	04/09/2023	N/A	Cash	3953052	0.989439
Swaps	19/07/2023	N/A	Cash	1123144	0.281120
Swaps	23/10/2024	N/A	Cash	822620	0.205900
Swaps	08/09/2025	N/A	Cash	43728	0.010945
Swaps	02/08/2023	N/A	Cash	1195385	0.299202
Swaps	30/01/2024	N/A	Cash	494419	0.123752
Swaps	31/01/2024	N/A	Cash	32656	0.008174
Swaps	02/07/2024	N/A	Cash	13853	0.003467
Swaps	24/01/2025	N/A	Cash	817266	0.204560
Swaps	07/11/2025	N/A	Cash	365527	0.091491
Swaps	06/03/2026	N/A	Cash	239346	0.059908
Swaps	31/10/2023	N/A	Cash	255	0.000064
Swaps	18/09/2023	N/A	Cash	606000	0.151680
Swaps	29/04/2024	N/A	Cash	626415	0.156790
Swaps	17/05/2024	N/A	Cash	2058711	0.515290
Swaps	24/06/2024	N/A	Cash	10734	0.002687
Swaps	26/05/2026	N/A	Cash	194785	0.048754
Swaps	29/09/2023	N/A	Cash	41192	0.010310
Swaps	08/06/2023	N/A	Cash	31822	0.007965
Swaps	28/06/2024	N/A	Cash	65582	0.016415
Sub Total 8.B2				24508767	6.134483%

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	Bank of America, NA
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International		3.692348	5.968536%

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

02-Jun-2023

13. Place Of Completion

United Kingdom

 

END