RNS Number : 0628N
Drax Group PLC
02 May 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

30-Apr-2024

6. Date on which Issuer notified

01-May-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

4.752471

7.860806

12.613277

48769320

Position of previous notification (if applicable)

4.733113

7.832756

12.565869


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


18375464


4.752471

Sub Total 8.A

18375464

4.752471%

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

32371

0.008372

Physical Swap

16/05/2024

n/a

6770466

1.751055

Physical Swap

15/05/2024

n/a

1971918

0.510000

Sub Total 8.B1


8774755

2.269427%

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

13/06/2024

N/A

Cash

14205

0.003674

Swaps

02/07/2024

N/A

Cash

266001

0.068796

Swaps

23/07/2024

N/A

Cash

4398599

1.137616

Swaps

31/07/2024

N/A

Cash

694668

0.179663

Swaps

31/10/2024

N/A

Cash

84972

0.021976

Swaps

18/11/2024

N/A

Cash

191936

0.049641

Swaps

03/03/2025

N/A

Cash

3503197

0.906037

Swaps

01/04/2025

N/A

Cash

109204

0.028244

Swaps

08/04/2025

N/A

Cash

10297

0.002663

Swaps

22/04/2025

N/A

Cash

4146000

1.072286

Swaps

06/05/2025

N/A

Cash

3673

0.000950

Swaps

15/09/2025

N/A

Cash

38872

0.010054

Swaps

07/11/2025

N/A

Cash

1567837

0.405492

Swaps

16/02/2026

N/A

Cash

8198

0.002120

Swaps

06/03/2026

N/A

Cash

111476

0.028831

Swaps

18/03/2026

N/A

Cash

262867

0.067986

Swaps

26/05/2026

N/A

Cash

2585394

0.668664

Sub Total 8.B2


21619101

5.591379%

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

4.745228

4.850058

9.595286%

Bank of America Corporation

Bank of America, National Association


3.006924

3.006924%

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

01-May-2024

13. Place Of Completion

United Kingdom

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