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

SSEAnnouncement

28/07/2023 16:15

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RNS Number : 6202H  SSE PLC  28 July 2023

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0007908733

Issuer Name

SSE 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

27-Jul-2023

6. Date on which Issuer notified

28-Jul-2023

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  3.496127                                              3.741202                                                                   7.237329                        78912497
 Position of previous notification (if applicable)                          3.198076                                              2.939021                                                                   6.137097

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)
 GB0007908733                                                                          37674020                                                                         3.455210
 US78467K1079                                                                          446137                                                                           0.040917
 Sub Total 8.A                                38120157                                                                              3.496127%

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                         136688                                                             0.012536
 Sub Total 8.B1                                                             136688                                                             0.012536%

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                         31/07/2024       N/A                         Cash                         653876                   0.059969
 Swaps                         18/11/2024       N/A                         Cash                         580561                   0.053245
 Swaps                         31/01/2024       N/A                         Cash                         94533                    0.008670
 Swaps                         18/03/2026       N/A                         Cash                         89328                    0.008193
 Swaps                         15/02/2028       N/A                         Cash                         31561                    0.002895
 Swaps                         01/03/2024       N/A                         Cash                         2257400                  0.207034
 Swaps                         26/05/2026       N/A                         Cash                         75695                    0.006942
 Swaps                         15/07/2024       N/A                         Cash                         662500                   0.060760
 Swaps                         17/07/2028       N/A                         Cash                         307                      0.000028
 Swaps                         31/05/2024       N/A                         Cash                         26020000                 2.386381
 Swaps                         09/06/2025       N/A                         Cash                         2653                     0.000243
 Swaps                         25/02/2025       N/A                         Cash                         3888                     0.000357
 Swaps                         27/08/2024       N/A                         Cash                         14458                    0.001326
 Swaps                         24/08/2023       N/A                         Cash                         6197998                  0.568439
 Swaps                         02/07/2024       N/A                         Cash                         15474                    0.001419
 Swaps                         03/10/2025       N/A                         Cash                         10694                    0.000981
 Swaps                         13/01/2025       N/A                         Cash                         3921205                  0.359627
 Equity Option                 20/10/2023       N/A                         Cash                         12746                    0.001169
 Equity Option                 24/08/2023       N/A                         Cash                         10775                    0.000988
 Sub Total 8.B2                                                                                          40655652                 3.728666%

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
 Bank of America Corporation  BofA Securities Europe SA
 Bank of Corporation          Managed Account Advisors, LLC
 Bank of America Corporation  Merrill Lynch International                     3.057550                                                                    3.301875                                                                    6.359426%
 Bank of America Corporation  U.S. Trust Co of Delaware
 Bank of Corporation          Merrill Lynch, Pierce, Fenner & Smith Inc.
 Bank of America Corporation  BofA Securities, Inc.

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

28-Jul-2023

13. Place Of Completion

United Kingdom

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