Holding(s) in Company

Drax Group PLC

17 May 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

Updated calculation methodology for cash equity positions held in trading books for client facilitation purposes.

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

14-May-2024

6. Date on which Issuer notified

16-May-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	0.018985	8.978541	8.997526	34793534
Position of previous notification (if applicable)	5.026439	8.493556	13.519995

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		73417		0.018985
Sub Total 8.A	73417		0.018985%

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	98115	0.025372
Physical Swaps	15/05/2024	N/A	1971918	0.509933
Physical Swaps	16/05/2024	N/A	6770466	1.750827
Sub Total 8.B1			8840499	2.286132%

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	26/05/2026	N/A	Cash	2877272	0.744056
Swaps	31/07/2024	N/A	Cash	983326	0.254286
Swaps	22/04/2025	N/A	Cash	4146000	1.072146
Swaps	02/05/2025	N/A	Cash	928000	0.239979
Swaps	15/09/2025	N/A	Cash	38872	0.010052
Swaps	03/03/2025	N/A	Cash	5163557	1.335284
Swaps	02/07/2024	N/A	Cash	266965	0.069037
Swaps	07/11/2025	N/A	Cash	1323688	0.342303
Swaps	06/03/2026	N/A	Cash	667375	0.172582
Swaps	08/04/2025	N/A	Cash	2119	0.000545
Swaps	13/06/2024	N/A	Cash	19092	0.004937
Swaps	01/04/2025	N/A	Cash	40621	0.010504
Swaps	28/04/2025	N/A	Cash	36176	0.009355
Swaps	17/05/2024	N/A	Cash	3621705	0.936565
Swaps	23/07/2024	N/A	Cash	5156599	1.333485
Swaps	31/10/2024	N/A	Cash	85579	0.022131
Swaps	18/11/2024	N/A	Cash	127748	0.033035
Swaps	30/09/2024	N/A	Cash	64315	0.016632
Swaps	21/10/2024	N/A	Cash	47980	0.012408
Swaps	31/01/2025	N/A	Cash	15757	0.004075
Swaps	18/03/2026	N/A	Cash	266872	0.069012
Sub Total 8.B2				25879618	6.692409%

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		5.333480	5.333480%
Bank of America Corporation	Bank of America, National Association		3.630949	3.630949%

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

16-May-2024

13. Place Of Completion

United Kingdom

 

END