Holding(s) in Company

Drax Group PLC

08 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

04-Apr-2024

6. Date on which Issuer notified

05-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	5.065720	6.732201	11.797921	45616743
Position of previous notification (if applicable)	5.077933	6.665008	11.742941

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		19586641		5.065720
Sub Total 8.A	19586641		5.065720%

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	79544	0.020573
Physical Swap	16/05/2024	n/a	6770466	1.751055
Physical Swap	15/05/2024	n/a	1971918	0.510000
Sub Total 8.B1			8821928	2.281628%

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	0.936687
Swaps	13/06/2024	N/A	Cash	2054	0.000531
Swaps	02/07/2024	N/A	Cash	265962	0.068786
Swaps	23/07/2024	N/A	Cash	2530599	0.654492
Swaps	31/07/2024	N/A	Cash	802070	0.207440
Swaps	19/08/2024	N/A	Cash	163234	0.042217
Swaps	30/08/2024	N/A	Cash	1151119	0.297715
Swaps	31/10/2024	N/A	Cash	80170	0.020734
Swaps	18/11/2024	N/A	Cash	217841	0.056341
Swaps	03/03/2025	N/A	Cash	3354665	0.867622
Swaps	01/04/2025	N/A	Cash	43710	0.011305
Swaps	08/04/2025	N/A	Cash	9003	0.002328
Swaps	28/04/2025	N/A	Cash	25293	0.006542
Swaps	06/05/2025	N/A	Cash	259344	0.067074
Swaps	15/09/2025	N/A	Cash	38872	0.010054
Swaps	03/10/2025	N/A	Cash	1614	0.000417
Swaps	13/10/2025	N/A	Cash	1310	0.000339
Swaps	07/11/2025	N/A	Cash	1527812	0.395140
Swaps	16/02/2026	N/A	Cash	21100	0.005457
Swaps	06/03/2026	N/A	Cash	807155	0.208756
Swaps	18/03/2026	N/A	Cash	211843	0.054789
Swaps	26/05/2026	N/A	Cash	2064218	0.533872
Swaps	15/02/2028	N/A	Cash	7481	0.001935
Sub Total 8.B2				17208174	4.450573%

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	5.052016	4.022592	9.074608%
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

05-Apr-2024

13. Place Of Completion

United Kingdom

 

END