RNS Number : 6642M
Drax Group PLC
30 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

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

26-Apr-2024

6. Date on which Issuer notified

29-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

4.774563

7.943008

12.717571

49172574

Position of previous notification (if applicable)

4.772174

8.039215

12.811389


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


18460883


4.774563

Sub Total 8.A

18460883

4.774563%

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

67523

0.017464

Physical Swap

16/05/2024

n/a

6770466

1.751055

Physical Swap

15/05/2024

n/a

1971918

0.510000

Sub Total 8.B1


8809907

2.278519%

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

0.936686

Swaps

02/07/2024

N/A

Cash

276334

0.071469

Swaps

23/07/2024

N/A

Cash

4398599

1.137615

Swaps

31/07/2024

N/A

Cash

918476

0.237547

Swaps

31/10/2024

N/A

Cash

83605

0.021623

Swaps

18/11/2024

N/A

Cash

195073

0.050452

Swaps

31/01/2025

N/A

Cash

18129

0.004689

Swaps

03/03/2025

N/A

Cash

3503197

0.906037

Swaps

01/04/2025

N/A

Cash

100450

0.025980

Swaps

08/04/2025

N/A

Cash

12469

0.003225

Swaps

22/04/2025

N/A

Cash

4146000

1.072286

Swaps

06/05/2025

N/A

Cash

108204

0.027985

Swaps

15/09/2025

N/A

Cash

38872

0.010054

Swaps

27/10/2025

N/A

Cash

727

0.000188

Swaps

07/11/2025

N/A

Cash

1566857

0.405238

Swaps

16/02/2026

N/A

Cash

17468

0.004518

Swaps

06/03/2026

N/A

Cash

111476

0.028831

Swaps

18/03/2026

N/A

Cash

262867

0.067985

Swaps

26/05/2026

N/A

Cash

2521276

0.652081

Sub Total 8.B2


21901784

5.664489%

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

4.770778

4.867321

9.638100%

Bank of America Corporation

Bank of America, National Association


3.068159

3.068159%

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

29-Apr-2024

13. Place Of Completion

United Kingdom

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