RNS Number : 9102L
Drax Group PLC
24 April 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

23-Apr-2024

6. Date on which Issuer notified

24-Apr-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

4.735247

7.505851

12.241098

47330283

Position of previous notification (if applicable)

4.702226

7.528785

12.231011


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


18308865


4.735247

Sub Total 8.A

18308865

4.735247%

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

67714

0.017513

Physical Swap

15/05/2024

n/a

1971918

0.510000

Physical Swap

16/05/2024

n/a

6770466

1.751055

Sub Total 8.B1


8810098

2.278568%

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

17/05/2024

N/A

Cash

3621705

0.936687

Swaps

02/07/2024

N/A

Cash

274170

0.070909

Swaps

23/07/2024

N/A

Cash

2530599

0.654492

Swaps

31/07/2024

N/A

Cash

719296

0.186033

Swaps

31/10/2024

N/A

Cash

83284

0.021540

Swaps

18/11/2024

N/A

Cash

320863

0.082985

Swaps

31/01/2025

N/A

Cash

33578

0.008684

Swaps

03/03/2025

N/A

Cash

3495138

0.903952

Swaps

01/04/2025

N/A

Cash

69290

0.017921

Swaps

08/04/2025

N/A

Cash

7906

0.002045

Swaps

22/04/2025

N/A

Cash

4146000

1.072286

Swaps

28/04/2025

N/A

Cash

25293

0.006542

Swaps

06/05/2025

N/A

Cash

236339

0.061125

Swaps

15/09/2025

N/A

Cash

38872

0.010054

Swaps

07/11/2025

N/A

Cash

1533808

0.396691

Swaps

16/02/2026

N/A

Cash

20941

0.005416

Swaps

06/03/2026

N/A

Cash

430073

0.111230

Swaps

18/03/2026

N/A

Cash

243695

0.063027

Swaps

26/05/2026

N/A

Cash

2380470

0.615664

Sub Total 8.B2


20211320

5.227283%

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

4.731561

4.496499

9.228061%

Bank of America Corporation

Bank of America, National Association


3.002052

3.002052%

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

24-Apr-2024

13. Place Of Completion

United Kingdom

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