REG - Drax Group Plc Bank of America Corp - Holding(s) in Company

DraxAnnouncement

17/05/2024 09:15

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RNS Number : 9012O  Drax Group PLC  17 May 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

Updated calculation methodology for cash equity positions held in trading
books for client facilitation purposes.

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

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

14-May-2024

6. Date on which Issuer notified

16-May-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  0.018985                                              8.978541                                                                   8.997526                        34793534
 Position of previous notification (if applicable)                          5.026439                                              8.493556                                                                   13.519995

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                                                                          73417                                                                            0.018985
 Sub Total 8.A                                73417                                                                                 0.018985%

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                         98115                                                              0.025372
 Physical Swaps                15/05/2024       N/A                         1971918                                                            0.509933
 Physical Swaps                16/05/2024       N/A                         6770466                                                            1.750827
 Sub Total 8.B1                                                             8840499                                                            2.286132%

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                         26/05/2026       N/A                         Cash                         2877272                  0.744056
 Swaps                         31/07/2024       N/A                         Cash                         983326                   0.254286
 Swaps                         22/04/2025       N/A                         Cash                         4146000                  1.072146
 Swaps                         02/05/2025       N/A                         Cash                         928000                   0.239979
 Swaps                         15/09/2025       N/A                         Cash                         38872                    0.010052
 Swaps                         03/03/2025       N/A                         Cash                         5163557                  1.335284
 Swaps                         02/07/2024       N/A                         Cash                         266965                   0.069037
 Swaps                         07/11/2025       N/A                         Cash                         1323688                  0.342303
 Swaps                         06/03/2026       N/A                         Cash                         667375                   0.172582
 Swaps                         08/04/2025       N/A                         Cash                         2119                     0.000545
 Swaps                         13/06/2024       N/A                         Cash                         19092                    0.004937
 Swaps                         01/04/2025       N/A                         Cash                         40621                    0.010504
 Swaps                         28/04/2025       N/A                         Cash                         36176                    0.009355
 Swaps                         17/05/2024       N/A                         Cash                         3621705                  0.936565
 Swaps                         23/07/2024       N/A                         Cash                         5156599                  1.333485
 Swaps                         31/10/2024       N/A                         Cash                         85579                    0.022131
 Swaps                         18/11/2024       N/A                         Cash                         127748                   0.033035
 Swaps                         30/09/2024       N/A                         Cash                         64315                    0.016632
 Swaps                         21/10/2024       N/A                         Cash                         47980                    0.012408
 Swaps                         31/01/2025       N/A                         Cash                         15757                    0.004075
 Swaps                         18/03/2026       N/A                         Cash                         266872                   0.069012
 Sub Total 8.B2                                                                                          25879618                 6.692409%

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                                                                                        5.333480                                                                    5.333480%
 Bank of America Corporation  Bank of America, National Association                                                                              3.630949                                                                    3.630949%

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

16-May-2024

13. Place Of Completion

United Kingdom

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