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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings