REG - Drax Group Plc Bank of America Corp - Holding(s) in Company
15/04/2024 09:45
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RNS Number : 6144K Drax Group PLC 15 April 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
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
11-Apr-2024
6. Date on which Issuer notified
12-Apr-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 4.794261 6.373692 11.167953 43180964
Position of previous notification (if applicable) 5.065720 6.732201 11.797921
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 18537044 4.794261
Sub Total 8.A 18537044 4.794261%
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 97680 0.025263
Physical Swap 16/05/2024 n/a 6770466 1.751055
Physical Swap 15/05/2024 n/a 1971918 0.510000
Sub Total 8.B1 8840064 2.286318%
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 0.936687
Swaps 02/07/2024 N/A Cash 274170 0.070909
Swaps 23/07/2024 N/A Cash 2530599 0.654492
Swaps 31/07/2024 N/A Cash 343476 0.088834
Swaps 19/08/2024 N/A Cash 163234 0.042217
Swaps 31/10/2024 N/A Cash 84313 0.021806
Swaps 18/11/2024 N/A Cash 267964 0.069304
Swaps 03/03/2025 N/A Cash 3371400 0.871950
Swaps 01/04/2025 N/A Cash 69304 0.017924
Swaps 08/04/2025 N/A Cash 4713 0.001219
Swaps 28/04/2025 N/A Cash 25293 0.006542
Swaps 06/05/2025 N/A Cash 298287 0.077146
Swaps 15/09/2025 N/A Cash 38872 0.010054
Swaps 13/10/2025 N/A Cash 410 0.000106
Swaps 07/11/2025 N/A Cash 1518077 0.392622
Swaps 16/02/2026 N/A Cash 25293 0.006542
Swaps 06/03/2026 N/A Cash 807155 0.208756
Swaps 18/03/2026 N/A Cash 211843 0.054789
Swaps 26/05/2026 N/A Cash 2140580 0.553621
Swaps 15/02/2028 N/A Cash 7168 0.001854
Sub Total 8.B2 15803856 4.087374%
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 4.777819 4.007458 8.785277%
Bank of America Corporation Bank of America, National Association
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
12-Apr-2024
13. Place Of Completion
United Kingdom
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