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RNS Number : 2824H Drax Group PLC 18 March 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
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
14-Mar-2024
6. Date on which Issuer notified
15-Mar-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 4.414678 7.041901 11.456579 44071459
Position of previous notification (if applicable) 4.295092 6.979681 11.274773
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 16982495 4.414678
Sub Total 8.A 16982495 4.414678%
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 95739 0.024888
Physical Swap 16/05/2024 N/A 6770466 1.760014
Physical Swap 15/05/2024 N/A 1971918 0.512609
Sub Total 8.B1 8838123 2.297511%
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 18/04/2024 N/A Cash 3576000 0.929598
Swaps 17/05/2024 N/A Cash 3621705 0.941479
Swaps 24/06/2024 N/A Cash 163234 0.042433
Swaps 02/07/2024 N/A Cash 37051 0.009632
Swaps 23/07/2024 N/A Cash 2530599 0.657841
Swaps 31/07/2024 N/A Cash 10314 0.002681
Swaps 30/08/2024 N/A Cash 1558086 0.405032
Swaps 31/10/2024 N/A Cash 78664 0.020449
Swaps 18/11/2024 N/A Cash 16760 0.004357
Swaps 31/01/2025 N/A Cash 21393 0.005561
Swaps 03/03/2025 N/A Cash 2674888 0.695349
Swaps 31/03/2025 N/A Cash 265 0.000069
Swaps 01/04/2025 N/A Cash 1891 0.000492
Swaps 08/04/2025 N/A Cash 12704 0.003302
Swaps 06/05/2025 N/A Cash 134039 0.034844
Swaps 15/09/2025 N/A Cash 16965 0.004410
Swaps 07/11/2025 N/A Cash 1186370 0.308402
Swaps 16/02/2026 N/A Cash 14361 0.003733
Swaps 06/03/2026 N/A Cash 441720 0.114827
Swaps 18/03/2026 N/A Cash 200830 0.052207
Swaps 26/05/2026 N/A Cash 1929152 0.501492
Swaps 15/02/2028 N/A Cash 11185 0.002908
Swaps 15/12/2028 N/A Cash 12665 0.003292
Sub Total 8.B2 18250841 4.744390%
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 4.397111 4.049447 8.446558%
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
15-Mar-2024
13. Place Of Completion
United Kingdom
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