Holding(s) in Company

Drax Group PLC

29 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 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

27-Jun-2023

6. Date on which Issuer notified

28-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	2.599230	6.053514	8.652744	34569834
Position of previous notification (if applicable)	2.627975	5.969576	8.597551

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		10384561		2.599230
Sub Total 8.A	10384561		2.599230%

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	484991	0.121392
Sub Total 8.B1			484991	0.121392%

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	764972	0.191471
Swaps	15/02/2028	N/A	Cash	9577	0.002397
Swaps	01/03/2024	N/A	Cash	4179450	1.046106
Swaps	30/08/2024	N/A	Cash	10650	0.002666
Swaps	15/02/2024	N/A	Cash	57499	0.014392
Swaps	29/11/2024	N/A	Cash	25450	0.006370
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	08/09/2025	N/A	Cash	43728	0.010945
Swaps	02/08/2023	N/A	Cash	623580	0.156081
Swaps	31/01/2024	N/A	Cash	16009	0.004007
Swaps	02/07/2024	N/A	Cash	13853	0.003467
Swaps	24/01/2025	N/A	Cash	820292	0.205317
Swaps	07/11/2025	N/A	Cash	807588	0.202137
Swaps	06/03/2026	N/A	Cash	325292	0.081420
Swaps	18/09/2023	N/A	Cash	1736320	0.434597
Swaps	29/04/2024	N/A	Cash	626415	0.156790
Swaps	17/05/2024	N/A	Cash	878908	0.219989
Swaps	26/05/2026	N/A	Cash	98280	0.024599
Swaps	29/09/2023	N/A	Cash	67132	0.016803
Swaps	28/06/2024	N/A	Cash	162340	0.040633
Swaps	31/10/2023	N/A	Cash	11160	0.002793
Swaps	18/11/2024	N/A	Cash	8715	0.002181
Swaps	08/07/2024	N/A	Cash	742830	0.185929
Sub Total 8.B2				23700282	5.932122%

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		3.159397	5.750686%

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

28-Jun-2023

13. Place Of Completion

United Kingdom

 

END