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

DraxAnnouncement

20/03/2025 16:15

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RNS Number : 5528B  Drax Group PLC  20 March 2025

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

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

18-Mar-2025

6. Date on which Issuer notified

19-Mar-2025

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  0.000000                                              3.327998                                                                   3.327998                        12077555
 Position of previous notification (if applicable)                          0.000187                                              2.941341                                                                   2.941528

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)

 Sub Total 8.A

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
 Physical Swap                 22/04/2025       N/A                         1696000                                                            0.467337
 Physical Swap                 14/05/2025       N/A                         2516198                                                            0.693344
 Physical Swap                 18/08/2025       N/A                         214731                                                             0.059170
 Physical Swap                 19/02/2026       N/A                         294012                                                             0.081016
 Sub Total 8.B1                                                             4720941                                                            1.300867%

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                         18/12/2025       N/A                         Cash                         27542                    0.007589
 Swaps                         31/07/2026       N/A                         Cash                         120558                   0.033220
 Swaps                         02/04/2025       N/A                         Cash                         2930417                  0.807483
 Swaps                         06/01/2026       N/A                         Cash                         1593157                  0.438998
 Swaps                         23/02/2026       N/A                         Cash                         724889                   0.199745
 Swaps                         03/03/2026       N/A                         Cash                         1307434                  0.360266
 Swaps                         15/06/2026       N/A                         Cash                         10554                    0.002908
 Swaps                         27/08/2026       N/A                         Cash                         4678                     0.001289
 Swaps                         03/09/2026       N/A                         Cash                         6637                     0.001829
 Swaps                         15/04/2027       N/A                         Cash                         630748                   0.173804
 Sub Total 8.B2                                                                                          7356614                  2.027131%

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  Bank of America, National Association                                                                              3.327998                                                                    3.327998%

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

19-Mar-2025

13. Place Of Completion

United Kingdom

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