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RNS Number : 4140O Drax Group PLC 14 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
10-May-2024
6. Date on which Issuer notified
13-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 5.026439 8.493556 13.519995 52281968
Position of previous notification (if applicable) 5.020941 8.445272 13.466213
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 19437294 5.026439
Sub Total 8.A 19437294 5.026439%
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 % of voting rights
exercised/converted
Right to Recall N/A N/A 22447 0.005805
Physical Swap 16/05/2024 N/A 6770466 1.750827
Physical Swap 15/05/2024 N/A 1971918 0.509933
Sub Total 8.B1 8764831 2.266565%
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 0.936565
Swaps 13/06/2024 N/A Cash 22067 0.005706
Swaps 02/07/2024 N/A Cash 266965 0.069037
Swaps 23/07/2024 N/A Cash 4398599 1.137467
Swaps 31/07/2024 N/A Cash 761752 0.196987
Swaps 30/09/2024 N/A Cash 20492 0.005299
Swaps 21/10/2024 N/A Cash 15283 0.003952
Swaps 31/10/2024 N/A Cash 85579 0.022131
Swaps 18/11/2024 N/A Cash 132658 0.034305
Swaps 31/01/2025 N/A Cash 6329 0.001637
Swaps 03/03/2025 N/A Cash 4675530 1.209081
Swaps 01/04/2025 N/A Cash 76388 0.019754
Swaps 08/04/2025 N/A Cash 3224 0.000834
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 07/11/2025 N/A Cash 1505108 0.389217
Swaps 16/02/2026 N/A Cash 457 0.000118
Swaps 06/03/2026 N/A Cash 233065 0.060270
Swaps 18/03/2026 N/A Cash 266872 0.069012
Swaps 26/05/2026 N/A Cash 2874898 0.743442
Sub Total 8.B2 24079843 6.226991%
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 Total of both if it equals or is higher than the notifiable threshold
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 5.006673 5.016186 10.022859%
Bank of America Corporation Bank of America, National Association 3.475790 3.475790%
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
13-May-2024
13. Place Of Completion
United Kingdom
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