Holding(s) in Company

Drax Group PLC

09 July 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

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-Jul-2024

6. Date on which Issuer notified

08-Jul-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	0.206408	9.140263	9.346671	36190078
Position of previous notification (if applicable)	0.000166	4.236521	4.236687

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		799208		0.206408
Sub Total 8.A	799208		0.206408%

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	604220	0.156050
Physical Swaps	19/08/2024	n/a	3419516	0.883145
Physical Swaps	22/04/2025	n/a	4146000	1.070771
Physical Swaps	14/05/2025	n/a	5032396	1.299697
Physical Swaps	16/05/2025	n/a	5512434	1.423675
Sub Total 8.B1			18714566	4.833338%

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	2629038	0.678991
Swaps	31/07/2024	N/A	Cash	789715	0.203957
Swaps	02/05/2025	N/A	Cash	928000	0.239671
Swaps	03/03/2025	N/A	Cash	5225894	1.349671
Swaps	06/03/2026	N/A	Cash	383443	0.099030
Swaps	28/04/2025	N/A	Cash	171849	0.044383
Swaps	23/07/2024	N/A	Cash	3358464	0.867377
Swaps	31/10/2024	N/A	Cash	86018	0.022216
Swaps	18/11/2024	N/A	Cash	128965	0.033307
Swaps	30/09/2024	N/A	Cash	651085	0.168153
Swaps	21/10/2024	N/A	Cash	493211	0.127380
Swaps	18/03/2026	N/A	Cash	5159	0.001332
Swaps	04/06/2027	N/A	Cash	1572020	0.406000
Swaps	18/12/2025	N/A	Cash	38872	0.010039
Swaps	15/10/2024	N/A	Cash	55271	0.014275
Swaps	01/04/2025	N/A	Cash	53	0.000014
Swaps	30/08/2024	N/A	Cash	14666	0.003788
Swaps	29/11/2024	N/A	Cash	31022	0.008012
Swaps	11/07/2025	N/A	Cash	11750	0.003035
Swaps	15/02/2028	N/A	Cash	100613	0.025985
Swaps	05/01/2026	N/A	Cash	1196	0.000309
Sub Total 8.B2				16676304	4.306925%

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	Managed Account Advisors, LLC
Bank of America Corporation	Bank of America, National Association		4.317670	4.317670%
Bank of America Corporation	BofA Securities Europe SA
Bank of America Corporation	Merrill Lynch International		4.820488	4.992451%

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

08-Jul-2024

13. Place Of Completion

United Kingdom

 

END