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RNS Number : 6890L Drax Group PLC 23 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 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
19-Apr-2024
6. Date on which Issuer notified
22-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 4.702226 7.528785 12.231011 47291280
Position of previous notification (if applicable) 4.794261 6.373692 11.167953
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 18181190 4.702226
Sub Total 8.A 18181190 4.702226%
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 52484 0.013574
Physical Swap 16/05/2024 n/a 6770466 1.751055
Physical Swap 15/05/2024 n/a 1971918 0.510000
Sub Total 8.B1 8794868 2.274629%
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 588750 0.152269
Swaps 31/10/2024 N/A Cash 82885 0.021437
Swaps 18/11/2024 N/A Cash 312557 0.080837
Swaps 31/01/2025 N/A Cash 18703 0.004837
Swaps 03/03/2025 N/A Cash 3456167 0.893873
Swaps 01/04/2025 N/A Cash 69290 0.017921
Swaps 08/04/2025 N/A Cash 7906 0.002045
Swaps 22/04/2025 N/A Cash 4146000 1.072286
Swaps 28/04/2025 N/A Cash 25293 0.006542
Swaps 06/05/2025 N/A Cash 328968 0.085081
Swaps 15/09/2025 N/A Cash 38872 0.010054
Swaps 07/11/2025 N/A Cash 1480573 0.382923
Swaps 16/02/2026 N/A Cash 20941 0.005416
Swaps 06/03/2026 N/A Cash 769580 0.199038
Swaps 18/03/2026 N/A Cash 241287 0.062404
Swaps 26/05/2026 N/A Cash 2300976 0.595105
Sub Total 8.B2 20315222 5.254156%
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 4.681523 4.576103 9.257626%
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-Apr-2024
13. Place Of Completion
United Kingdom
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