RNS Number : 1286Q
Drax Group PLC
28 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

An acquisition or disposal of voting rights

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

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

24-May-2024

6. Date on which Issuer notified

27-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

0.130540

9.272319

9.402859

36360953

Position of previous notification (if applicable)

1.048994

9.194186

10.243180


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


504800


0.130540

Sub Total 8.A

504800

0.130540%

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

312085

0.080704

Sub Total 8.B1


312085

0.080704%

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

26/05/2026

N/A

Cash

2858186

0.739120

Swaps

31/07/2024

N/A

Cash

481968

0.124636

Swaps

22/04/2025

N/A

Cash

4146000

1.072146

Swaps

02/05/2025

N/A

Cash

928000

0.239979

Swaps

15/09/2025

N/A

Cash

38872

0.010052

Swaps

03/03/2025

N/A

Cash

5235201

1.353811

Swaps

02/07/2024

N/A

Cash

187921

0.048596

Swaps

07/11/2025

N/A

Cash

1242603

0.321334

Swaps

06/03/2026

N/A

Cash

951250

0.245991

Swaps

28/04/2025

N/A

Cash

74509

0.019268

Swaps

23/07/2024

N/A

Cash

5156599

1.333485

Swaps

31/10/2024

N/A

Cash

87861

0.022721

Swaps

18/11/2024

N/A

Cash

136157

0.035210

Swaps

30/09/2024

N/A

Cash

252126

0.065199

Swaps

21/10/2024

N/A

Cash

185083

0.047862

Swaps

31/01/2025

N/A

Cash

12695

0.003283

Swaps

18/03/2026

N/A

Cash

261764

0.067692

Swaps

16/05/2025

N/A

Cash

6770466

1.750827

Swaps

19/08/2024

N/A

Cash

1495516

0.386737

Swaps

14/05/2025

N/A

Cash

5032396

1.301366

Swaps

31/03/2025

N/A

Cash

3366

0.000870

Swaps

28/02/2025

N/A

Cash

603

0.000156

Swaps

24/11/2025

N/A

Cash

4926

0.001274

Sub Total 8.B2


35544068

9.191615%

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


5.059817

5.190065%

Bank of America Corporation

Bank of America, National Association


4.206170

4.206170%

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

27-May-2024

13. Place Of Completion

United Kingdom

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