REG - Drax Group Plc Bank of America Corp - Holding(s) in Company
25/03/2024 16:00
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RNS Number : 2096I Drax Group PLC 25 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
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
21-Mar-2024
6. Date on which Issuer notified
22-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 5.017260 7.235737 12.252997 47135135
Position of previous notification (if applicable) 5.007723 7.222399 12.230122
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 19300525 5.017260
Sub Total 8.A 19300525 5.017260%
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 60860 0.015821
Physical Swap 15/05/2024 n/a 1971918 0.512609
Physical Swap 16/05/2024 n/a 6770466 1.760014
Sub Total 8.B1 8803244 2.288444%
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 02/07/2024 N/A Cash 99199 0.025787
Swaps 23/07/2024 N/A Cash 2530599 0.657841
Swaps 31/07/2024 N/A Cash 2296 0.000597
Swaps 19/08/2024 N/A Cash 163234 0.042433
Swaps 30/08/2024 N/A Cash 1151119 0.299239
Swaps 31/10/2024 N/A Cash 77453 0.020134
Swaps 18/11/2024 N/A Cash 353656 0.091935
Swaps 31/01/2025 N/A Cash 22290 0.005794
Swaps 03/03/2025 N/A Cash 2905088 0.755191
Swaps 01/04/2025 N/A Cash 1154 0.000300
Swaps 08/04/2025 N/A Cash 13486 0.003506
Swaps 06/05/2025 N/A Cash 209416 0.054439
Swaps 15/09/2025 N/A Cash 38872 0.010105
Swaps 13/10/2025 N/A Cash 1310 0.000341
Swaps 07/11/2025 N/A Cash 1388727 0.361006
Swaps 16/02/2026 N/A Cash 14855 0.003862
Swaps 06/03/2026 N/A Cash 685708 0.178253
Swaps 18/03/2026 N/A Cash 210585 0.054743
Swaps 26/05/2026 N/A Cash 1961602 0.509927
Swaps 15/02/2028 N/A Cash 3012 0.000783
Sub Total 8.B2 19031366 4.947293%
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 5.000071 4.277492 9.277563%
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
22-Mar-2024
13. Place Of Completion
United Kingdom
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