Holding(s) in Company

Drax Group PLC

24 May 2023

 

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

22-May-2023

6. Date on which Issuer notified

23-May-2023

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	2.338218	6.457988	8.796206	35446394
Position of previous notification (if applicable)	2.565944	5.486323	8.052267

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		9422402		2.338218
Sub Total 8.A	9422402		2.338218%

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	1629234	0.404303
Sub Total 8.B1			1629234	0.404303%

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	31/07/2024	N/A	Cash	471940	0.117114
Swaps	15/02/2028	N/A	Cash	99091	0.024590
Swaps	01/03/2024	N/A	Cash	4164966	1.033558
Swaps	18/03/2026	N/A	Cash	1	0.000000
Swaps	30/08/2024	N/A	Cash	23229	0.005764
Swaps	18/11/2024	N/A	Cash	87153	0.021627
Swaps	15/02/2024	N/A	Cash	10884	0.002701
Swaps	17/04/2028	N/A	Cash	10589	0.002628
Swaps	29/11/2024	N/A	Cash	55512	0.013776
Swaps	21/07/2023	N/A	Cash	6594046	1.636347
Swaps	04/09/2023	N/A	Cash	3953052	0.980970
Swaps	19/07/2023	N/A	Cash	1123144	0.278714
Swaps	23/10/2024	N/A	Cash	822620	0.204137
Swaps	08/09/2025	N/A	Cash	43728	0.010851
Swaps	02/08/2023	N/A	Cash	1195385	0.296641
Swaps	30/01/2024	N/A	Cash	543910	0.134974
Swaps	31/01/2024	N/A	Cash	196708	0.048814
Swaps	30/04/2024	N/A	Cash	5851	0.001452
Swaps	02/07/2024	N/A	Cash	20430	0.005070
Swaps	24/01/2025	N/A	Cash	817266	0.202809
Swaps	07/11/2025	N/A	Cash	210129	0.052145
Swaps	06/03/2026	N/A	Cash	98740	0.024503
Swaps	31/10/2023	N/A	Cash	285	0.000071
Swaps	18/09/2023	N/A	Cash	606000	0.150382
Swaps	29/04/2024	N/A	Cash	626415	0.155448
Swaps	17/05/2024	N/A	Cash	2612945	0.648416
Swaps	24/06/2024	N/A	Cash	739	0.000183
Sub Total 8.B2				24394758	6.053685%

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	Bank of America, NA
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International		3.591360	5.929053%

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

23-May-2023

13. Place Of Completion

United Kingdom

 

END