Holding(s) in Company

Drax Group PLC
12 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

09-Jul-2024

6. Date on which Issuer notified

11-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

0.427338

8.879504

9.306842

36035874

Position of previous notification (if applicable)

0.334294

9.039924

9.374218


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


1654643


0.427338

Sub Total 8.A

1654643

0.427338%

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

372446

0.096190

Physical Swap

19/08/2024

n/a

3419516

0.883145

Physical Swap

22/04/2025

n/a

4146000

1.070771

Physical Swap

14/05/2025

n/a

5032396

1.299697

Physical Swap

16/05/2025

n/a

5512434

1.423675

Sub Total 8.B1


18482792

4.773478%

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

2672044

0.690098

Swaps

31/07/2024

N/A

Cash

807225

0.208479

Swaps

02/05/2025

N/A

Cash

928000

0.239671

Swaps

03/03/2025

N/A

Cash

5108951

1.319469

Swaps

06/03/2026

N/A

Cash

383443

0.099030

Swaps

28/04/2025

N/A

Cash

140887

0.036386

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

166917

0.043109

Swaps

30/09/2024

N/A

Cash

249208

0.064362

Swaps

21/10/2024

N/A

Cash

187446

0.048411

Swaps

18/03/2026

N/A

Cash

13306

0.003436

Swaps

04/06/2027

N/A

Cash

1475418

0.381050

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

6948

0.001794

Swaps

30/08/2024

N/A

Cash

21159

0.005465

Swaps

29/11/2024

N/A

Cash

44148

0.011402

Swaps

11/07/2025

N/A

Cash

11750

0.003035

Swaps

15/02/2028

N/A

Cash

132775

0.034291

Swaps

08/01/2026

N/A

Cash

570

0.000147

Swaps

31/01/2025

N/A

Cash

9619

0.002484

Sub Total 8.B2


15898439

4.106026%

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


4.295282

4.295282%

Bank of America Corporation

BofA Securities Europe SA




Bank of America Corporation

Merrill Lynch International


4.583726

4.964454%

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

10-Jul-2024

13. Place Of Completion

United Kingdom

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END
 
 
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