Holding(s) in Company

Drax Group PLC
09 June 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

08-Jun-2023

6. Date on which Issuer notified

09-Jun-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

2.631956

5.784357

8.416313

33625242

Position of previous notification (if applicable)

2.257813

6.145474

8.403287


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


10515310


2.631956

Sub Total 8.A

10515310

2.631956%

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

759943

0.190212

Sub Total 8.B1


759943

0.190212%

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

477159

0.119432

Swaps

15/02/2028

N/A

Cash

25585

0.006404

Swaps

01/03/2024

N/A

Cash

4179450

1.046106

Swaps

18/03/2026

N/A

Cash

1

0.000000

Swaps

30/08/2024

N/A

Cash

6376

0.001596

Swaps

15/02/2024

N/A

Cash

57594

0.014416

Swaps

29/11/2024

N/A

Cash

15386

0.003851

Swaps

21/07/2023

N/A

Cash

6594046

1.650473

Swaps

04/09/2023

N/A

Cash

3953052

0.989439

Swaps

19/07/2023

N/A

Cash

1123144

0.281120

Swaps

08/09/2025

N/A

Cash

43728

0.010945

Swaps

02/08/2023

N/A

Cash

623580

0.156081

Swaps

30/01/2024

N/A

Cash

39106

0.009788

Swaps

31/01/2024

N/A

Cash

28304

0.007084

Swaps

02/07/2024

N/A

Cash

13853

0.003467

Swaps

24/01/2025

N/A

Cash

820292

0.205317

Swaps

07/11/2025

N/A

Cash

360371

0.090200

Swaps

06/03/2026

N/A

Cash

239346

0.059908

Swaps

18/09/2023

N/A

Cash

606000

0.151680

Swaps

29/04/2024

N/A

Cash

626415

0.156790

Swaps

17/05/2024

N/A

Cash

2058711

0.515290

Swaps

26/05/2026

N/A

Cash

236372

0.059163

Swaps

29/09/2023

N/A

Cash

58100

0.014542

Swaps

28/06/2024

N/A

Cash

162340

0.040633

Swaps

31/10/2023

N/A

Cash

1414

0.000354

Swaps

01/07/2024

N/A

Cash

264

0.000066

Sub Total 8.B2


22349989

5.594145%

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


3.052843

5.673685%

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

09-Jun-2023

13. Place Of Completion

United Kingdom

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END
 
 

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Drax Group (DRX)
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