REG - Drax Group Plc Bank of America Corp - Holding(s) in Company
30/04/2024 15:30
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RNS Number : 6642M Drax Group PLC 30 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
26-Apr-2024
6. Date on which Issuer notified
29-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 4.774563 7.943008 12.717571 49172574
Position of previous notification (if applicable) 4.772174 8.039215 12.811389
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 18460883 4.774563
Sub Total 8.A 18460883 4.774563%
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 67523 0.017464
Physical Swap 16/05/2024 n/a 6770466 1.751055
Physical Swap 15/05/2024 n/a 1971918 0.510000
Sub Total 8.B1 8809907 2.278519%
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 0.936686
Swaps 02/07/2024 N/A Cash 276334 0.071469
Swaps 23/07/2024 N/A Cash 4398599 1.137615
Swaps 31/07/2024 N/A Cash 918476 0.237547
Swaps 31/10/2024 N/A Cash 83605 0.021623
Swaps 18/11/2024 N/A Cash 195073 0.050452
Swaps 31/01/2025 N/A Cash 18129 0.004689
Swaps 03/03/2025 N/A Cash 3503197 0.906037
Swaps 01/04/2025 N/A Cash 100450 0.025980
Swaps 08/04/2025 N/A Cash 12469 0.003225
Swaps 22/04/2025 N/A Cash 4146000 1.072286
Swaps 06/05/2025 N/A Cash 108204 0.027985
Swaps 15/09/2025 N/A Cash 38872 0.010054
Swaps 27/10/2025 N/A Cash 727 0.000188
Swaps 07/11/2025 N/A Cash 1566857 0.405238
Swaps 16/02/2026 N/A Cash 17468 0.004518
Swaps 06/03/2026 N/A Cash 111476 0.028831
Swaps 18/03/2026 N/A Cash 262867 0.067985
Swaps 26/05/2026 N/A Cash 2521276 0.652081
Sub Total 8.B2 21901784 5.664489%
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 4.770778 4.867321 9.638100%
Bank of America Corporation Bank of America, National Association 3.068159 3.068159%
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
29-Apr-2024
13. Place Of Completion
United Kingdom
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