RNS Number : 8111R
Drax Group PLC
10 June 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

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

06-Jun-2024

6. Date on which Issuer notified

07-Jun-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

0.375635

9.488567

9.864202

38147556

Position of previous notification (if applicable)

0.004378

10.027463

10.031841


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


1452682


0.375635

Sub Total 8.A

1452682

0.375635%

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

541872

0.140117

Physical Swaps

19/08/2024

N/A

3419516

0.884219

Physical Swaps

22/04/2025

N/A

4146000

1.072074

Sub Total 8.B1


8107388

2.096410%

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

2691918

0.696077

Swaps

31/07/2024

N/A

Cash

119736

0.030961

Swaps

02/05/2025

N/A

Cash

928000

0.239962

Swaps

15/09/2025

N/A

Cash

38872

0.010052

Swaps

03/03/2025

N/A

Cash

5415478

1.400335

Swaps

02/07/2024

N/A

Cash

60588

0.015667

Swaps

06/03/2026

N/A

Cash

1020553

0.263895

Swaps

28/04/2025

N/A

Cash

74509

0.019267

Swaps

23/07/2024

N/A

Cash

3358464

0.868432

Swaps

31/10/2024

N/A

Cash

85066

0.021996

Swaps

18/11/2024

N/A

Cash

149263

0.038596

Swaps

30/09/2024

N/A

Cash

672587

0.173918

Swaps

21/10/2024

N/A

Cash

497197

0.128565

Swaps

31/01/2025

N/A

Cash

13949

0.003607

Swaps

18/03/2026

N/A

Cash

263084

0.068028

Swaps

16/05/2025

N/A

Cash

6770466

1.750709

Swaps

14/05/2025

N/A

Cash

5032396

1.301278

Swaps

28/02/2025

N/A

Cash

6259

0.001618

Swaps

04/06/2027

N/A

Cash

1389101

0.359194

Sub Total 8.B2


28587486

7.392157%

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


5.084715

5.460057%

Bank of America Corporation

Bank of America, National Association


4.398027

4.398027%

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

07-Jun-2024

13. Place Of Completion

United Kingdom

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