Holding(s) in Company

Drax Group PLC

19 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

15-Sep-2023

6. Date on which Issuer notified

18-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	2.883997	7.439199	10.323196	39696046
Position of previous notification (if applicable)	3.552106	6.848081	10.400187

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		11089905		2.883997
Sub Total 8.A	11089905		2.883997%

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	2047416	0.532443
Sub Total 8.B1			2047416	0.532443%

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	665681	0.173114
Swaps	01/03/2024	N/A	Cash	4000000	1.040224
Swaps	30/08/2024	N/A	Cash	1577833	0.410325
Swaps	08/09/2025	N/A	Cash	43728	0.011372
Swaps	24/01/2025	N/A	Cash	734946	0.191127
Swaps	07/11/2025	N/A	Cash	1295144	0.336810
Swaps	06/03/2026	N/A	Cash	259904	0.067590
Swaps	18/09/2023	N/A	Cash	1736320	0.451540
Swaps	29/04/2024	N/A	Cash	13023	0.003387
Swaps	17/05/2024	N/A	Cash	2802322	0.728761
Swaps	26/05/2026	N/A	Cash	363488	0.094527
Swaps	29/09/2023	N/A	Cash	415728	0.108113
Swaps	28/06/2024	N/A	Cash	230701	0.059995
Swaps	31/10/2023	N/A	Cash	24288	0.006316
Swaps	18/11/2024	N/A	Cash	123944	0.032232
Swaps	08/07/2024	N/A	Cash	742830	0.193177
Swaps	31/01/2024	N/A	Cash	31721	0.008249
Swaps	24/04/2024	N/A	Cash	13023	0.003387
Swaps	02/07/2024	N/A	Cash	76255	0.019831
Swaps	19/09/2023	N/A	Cash	4603738	1.197230
Swaps	23/10/2024	N/A	Cash	1004939	0.261340
Swaps	29/11/2024	N/A	Cash	47192	0.012273
Swaps	18/04/2024	N/A	Cash	4819172	1.253255
Swaps	18/03/2026	N/A	Cash	11606	0.003018
Swaps	15/02/2028	N/A	Cash	921199	0.239563
Sub Total 8.B2				26558725	6.906756%

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, National Association		3.304892	3.304892%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International		4.114588	6.988540%

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

18-Sep-2023

13. Place Of Completion

United Kingdom

 

END