RNS Number : 2824H
Drax Group PLC
18 March 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

Name

City of registered office

Country of registered office

Merrill Lynch International

London

United Kingdom

5. Date on which the threshold was crossed or reached

14-Mar-2024

6. Date on which Issuer notified

15-Mar-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

4.414678

7.041901

11.456579

44071459

Position of previous notification (if applicable)

4.295092

6.979681

11.274773


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


16982495


4.414678

Sub Total 8.A

16982495

4.414678%

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

95739

0.024888

Physical Swap

16/05/2024

N/A

6770466

1.760014

Physical Swap

15/05/2024

N/A

1971918

0.512609

Sub Total 8.B1


8838123

2.297511%

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

18/04/2024

N/A

Cash

3576000

0.929598

Swaps

17/05/2024

N/A

Cash

3621705

0.941479

Swaps

24/06/2024

N/A

Cash

163234

0.042433

Swaps

02/07/2024

N/A

Cash

37051

0.009632

Swaps

23/07/2024

N/A

Cash

2530599

0.657841

Swaps

31/07/2024

N/A

Cash

10314

0.002681

Swaps

30/08/2024

N/A

Cash

1558086

0.405032

Swaps

31/10/2024

N/A

Cash

78664

0.020449

Swaps

18/11/2024

N/A

Cash

16760

0.004357

Swaps

31/01/2025

N/A

Cash

21393

0.005561

Swaps

03/03/2025

N/A

Cash

2674888

0.695349

Swaps

31/03/2025

N/A

Cash

265

0.000069

Swaps

01/04/2025

N/A

Cash

1891

0.000492

Swaps

08/04/2025

N/A

Cash

12704

0.003302

Swaps

06/05/2025

N/A

Cash

134039

0.034844

Swaps

15/09/2025

N/A

Cash

16965

0.004410

Swaps

07/11/2025

N/A

Cash

1186370

0.308402

Swaps

16/02/2026

N/A

Cash

14361

0.003733

Swaps

06/03/2026

N/A

Cash

441720

0.114827

Swaps

18/03/2026

N/A

Cash

200830

0.052207

Swaps

26/05/2026

N/A

Cash

1929152

0.501492

Swaps

15/02/2028

N/A

Cash

11185

0.002908

Swaps

15/12/2028

N/A

Cash

12665

0.003292

Sub Total 8.B2


18250841

4.744390%

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

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

4.397111

4.049447

8.446558%

Bank of America Corporation

Bank of America, National Association




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

15-Mar-2024

13. Place Of Completion

United Kingdom

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