RNS Number : 2096I
Drax Group PLC
25 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

Other

Comments

Legal Entity level crossing - See Section 9.

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

21-Mar-2024

6. Date on which Issuer notified

22-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

5.017260

7.235737

12.252997

47135135

Position of previous notification (if applicable)

5.007723

7.222399

12.230122


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


19300525


5.017260

Sub Total 8.A

19300525

5.017260%

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

60860

0.015821

Physical Swap

15/05/2024

n/a

1971918

0.512609

Physical Swap

16/05/2024

n/a

6770466

1.760014

Sub Total 8.B1


8803244

2.288444%

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

02/07/2024

N/A

Cash

99199

0.025787

Swaps

23/07/2024

N/A

Cash

2530599

0.657841

Swaps

31/07/2024

N/A

Cash

2296

0.000597

Swaps

19/08/2024

N/A

Cash

163234

0.042433

Swaps

30/08/2024

N/A

Cash

1151119

0.299239

Swaps

31/10/2024

N/A

Cash

77453

0.020134

Swaps

18/11/2024

N/A

Cash

353656

0.091935

Swaps

31/01/2025

N/A

Cash

22290

0.005794

Swaps

03/03/2025

N/A

Cash

2905088

0.755191

Swaps

01/04/2025

N/A

Cash

1154

0.000300

Swaps

08/04/2025

N/A

Cash

13486

0.003506

Swaps

06/05/2025

N/A

Cash

209416

0.054439

Swaps

15/09/2025

N/A

Cash

38872

0.010105

Swaps

13/10/2025

N/A

Cash

1310

0.000341

Swaps

07/11/2025

N/A

Cash

1388727

0.361006

Swaps

16/02/2026

N/A

Cash

14855

0.003862

Swaps

06/03/2026

N/A

Cash

685708

0.178253

Swaps

18/03/2026

N/A

Cash

210585

0.054743

Swaps

26/05/2026

N/A

Cash

1961602

0.509927

Swaps

15/02/2028

N/A

Cash

3012

0.000783

Sub Total 8.B2


19031366

4.947293%

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

5.000071

4.277492

9.277563%

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

22-Mar-2024

13. Place Of Completion

United Kingdom

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