Holding(s) in Company

Drax Group PLC

28 July 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-Jul-2023

6. Date on which Issuer notified

28-Jul-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	2.737062	5.991115	8.728177	34103992
Position of previous notification (if applicable)	2.810702	6.008506	8.819208

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		10694639		2.737062
Sub Total 8.A	10694639		2.737062%

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	234337	0.059973
Sub Total 8.B1			234337	0.059973%

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	677615	0.173421
Swaps	01/03/2024	N/A	Cash	4102134	1.049852
Swaps	30/08/2024	N/A	Cash	799501	0.204615
Swaps	04/09/2023	N/A	Cash	3953052	1.011698
Swaps	08/09/2025	N/A	Cash	43728	0.011191
Swaps	24/01/2025	N/A	Cash	820292	0.209936
Swaps	07/11/2025	N/A	Cash	1159266	0.296689
Swaps	06/03/2026	N/A	Cash	396037	0.101357
Swaps	18/09/2023	N/A	Cash	1736320	0.444374
Swaps	29/04/2024	N/A	Cash	643275	0.164632
Swaps	17/05/2024	N/A	Cash	2291908	0.586564
Swaps	26/05/2026	N/A	Cash	707868	0.181164
Swaps	29/09/2023	N/A	Cash	35424	0.009066
Swaps	28/06/2024	N/A	Cash	162340	0.041547
Swaps	31/10/2023	N/A	Cash	17435	0.004462
Swaps	18/11/2024	N/A	Cash	32600	0.008343
Swaps	08/07/2024	N/A	Cash	742830	0.190111
Swaps	13/06/2024	N/A	Cash	71062	0.018187
Swaps	31/01/2024	N/A	Cash	23266	0.005954
Swaps	15/02/2028	N/A	Cash	127870	0.032726
Swaps	24/04/2024	N/A	Cash	16860	0.004315
Swaps	17/07/2028	N/A	Cash	7033	0.001800
Swaps	02/07/2024	N/A	Cash	5	0.000001
Swaps	24/06/2024	N/A	Cash	3557	0.000910
Swaps	19/09/2023	N/A	Cash	4603738	1.178227
Sub Total 8.B2				23175016	5.931142%

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		3.145769	5.867347%

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-Jul-2023

13. Place Of Completion

United Kingdom

 

END