Holding(s) in Company

Drax Group PLC

03 April 2024

 

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

Other

Comments

Legal Entity level crossing - See Section 9

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

Name	City of registered office	Country of registered office
Merrill Lynch International	London	United Kingdom

5. Date on which the threshold was crossed or reached

27-Mar-2024

6. Date on which Issuer notified

03-Apr-2024

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	5.047483	6.574256	11.621739	44706801
Position of previous notification (if applicable)	5.583084	6.399457	11.982541

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		19416788		5.047483
Sub Total 8.A	19416788		5.047483%

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	70699	0.018379
Physical Swap	16/05/2024	n/a	6770466	1.760014
Physical Swap	15/05/2024	n/a	1971918	0.512609
Sub Total 8.B1			8813083	2.291002%

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	17/05/2024	N/A	Cash	3621705	0.941479
Swaps	13/06/2024	N/A	Cash	2054	0.000534
Swaps	02/07/2024	N/A	Cash	136433	0.035466
Swaps	23/07/2024	N/A	Cash	2530599	0.657841
Swaps	31/07/2024	N/A	Cash	644779	0.167613
Swaps	19/08/2024	N/A	Cash	163234	0.042433
Swaps	30/08/2024	N/A	Cash	1151119	0.299239
Swaps	31/10/2024	N/A	Cash	79712	0.020722
Swaps	18/11/2024	N/A	Cash	189093	0.049156
Swaps	03/03/2025	N/A	Cash	3134448	0.814814
Swaps	01/04/2025	N/A	Cash	31860	0.008282
Swaps	08/04/2025	N/A	Cash	13486	0.003506
Swaps	06/05/2025	N/A	Cash	234922	0.061069
Swaps	15/09/2025	N/A	Cash	38872	0.010105
Swaps	13/10/2025	N/A	Cash	1310	0.000341
Swaps	07/11/2025	N/A	Cash	1492496	0.387981
Swaps	16/02/2026	N/A	Cash	19305	0.005018
Swaps	06/03/2026	N/A	Cash	748699	0.194628
Swaps	18/03/2026	N/A	Cash	211843	0.055070
Swaps	26/05/2026	N/A	Cash	2021192	0.525418
Swaps	15/02/2028	N/A	Cash	9769	0.002539
Sub Total 8.B2				16476930	4.283254%

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	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	5.032816	3.932327	8.965143%
Bank of America Corporation	Bank of America, National Association

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-Mar-2024

13. Place Of Completion

United Kingdom

 

END