Holding(s) in Company

Drax Group PLC

06 September 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; 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

05-Sep-2023

6. Date on which Issuer notified

06-Sep-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	2.505847	6.367729	8.873576	34295461
Position of previous notification (if applicable)	3.037734	5.794356	8.832090

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		9684843		2.505847
Sub Total 8.A	9684843		2.505847%

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	2604049	0.673769
Sub Total 8.B1			2604049	0.673769%

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	880218	0.227747
Swaps	01/03/2024	N/A	Cash	4000000	1.034956
Swaps	30/08/2024	N/A	Cash	816564	0.211277
Swaps	08/09/2025	N/A	Cash	43728	0.011314
Swaps	24/01/2025	N/A	Cash	734946	0.190159
Swaps	07/11/2025	N/A	Cash	1454145	0.376244
Swaps	06/03/2026	N/A	Cash	279186	0.072236
Swaps	18/09/2023	N/A	Cash	1736320	0.449254
Swaps	29/04/2024	N/A	Cash	639438	0.165448
Swaps	17/05/2024	N/A	Cash	2291908	0.593006
Swaps	26/05/2026	N/A	Cash	592464	0.153294
Swaps	29/09/2023	N/A	Cash	42006	0.010869
Swaps	28/06/2024	N/A	Cash	200452	0.051865
Swaps	31/10/2023	N/A	Cash	21801	0.005641
Swaps	18/11/2024	N/A	Cash	197038	0.050981
Swaps	08/07/2024	N/A	Cash	742830	0.192199
Swaps	13/06/2024	N/A	Cash	85631	0.022156
Swaps	31/01/2024	N/A	Cash	32701	0.008461
Swaps	24/04/2024	N/A	Cash	13023	0.003370
Swaps	02/07/2024	N/A	Cash	102052	0.026405
Swaps	24/06/2024	N/A	Cash	430	0.000111
Swaps	19/09/2023	N/A	Cash	4603738	1.191167
Swaps	23/10/2024	N/A	Cash	1004939	0.260017
Swaps	29/11/2024	N/A	Cash	40389	0.010450
Swaps	26/02/2025	N/A	Cash	6082	0.001574
Swaps	15/09/2028	N/A	Cash	1445	0.000374
Swaps	18/04/2024	N/A	Cash	1420000	0.367409
Swaps	18/03/2026	N/A	Cash	23095	0.005976
Sub Total 8.B2				22006569	5.693960%

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		3.569751	6.059435%

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

06-Sep-2023

13. Place Of Completion

United Kingdom

 

END