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RNS Number : 2286O Drax Group PLC 13 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
09-May-2024
6. Date on which Issuer notified
10-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 5.020941 8.445272 13.466213 52073996
Position of previous notification (if applicable) 5.000364 8.438335 13.438699
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 19416032 5.020941
Sub Total 8.A 19416032 5.020941%
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 29674 0.007674
Physical Swap 16/05/2024 N/A 6770466 1.750827
Physical Swap 15/05/2024 N/A 1971918 0.509933
Sub Total 8.B1 8772058 2.268434%
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 269730 0.069752
Swaps 23/07/2024 N/A Cash 4398599 1.137467
Swaps 31/07/2024 N/A Cash 808748 0.209140
Swaps 31/10/2024 N/A Cash 86062 0.022255
Swaps 18/11/2024 N/A Cash 158354 0.040950
Swaps 31/01/2025 N/A Cash 12821 0.003315
Swaps 03/03/2025 N/A Cash 4557601 1.178585
Swaps 31/03/2025 N/A Cash 711 0.000184
Swaps 01/04/2025 N/A Cash 105134 0.027187
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 1526669 0.394793
Swaps 16/02/2026 N/A Cash 457 0.000118
Swaps 06/03/2026 N/A Cash 111476 0.028827
Swaps 18/03/2026 N/A Cash 266872 0.069012
Swaps 26/05/2026 N/A Cash 2822804 0.729971
Sub Total 8.B2 23885906 6.176838%
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 5.001449 4.997515 9.998963%
Bank of America Corporation Bank of America, National Association 3.444635 3.444635%
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
10-May-2024
13. Place Of Completion
United Kingdom
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