Source - LSE Regulatory
RNS Number : 2382V
Drax Group PLC
30 November 2023
 

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

28-Nov-2023

6. Date on which Issuer notified

29-Nov-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

3.684012

8.309933

11.993945

46125704

Position of previous notification (if applicable)

3.687804

8.327775

12.015579


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


14167785


3.684012

Sub Total 8.A

14167785

3.684012%

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 exercised/converted

% of voting rights

Right to Recall

N/A

N/A

377333

0.098117

Physical Swap

16/05/2024

N/A

6770466

1.760506

Physical Swap

15/05/2024

N/A

1971918

0.512753

Sub Total 8.B1


9119717

2.371376%

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

116986

0.030420

Swaps

01/03/2024

N/A

Cash

4000000

1.040109

Swaps

30/08/2024

N/A

Cash

1611717

0.419090

Swaps

08/09/2025

N/A

Cash

32414

0.008429

Swaps

07/11/2025

N/A

Cash

1278058

0.332330

Swaps

29/04/2024

N/A

Cash

13278

0.003453

Swaps

17/05/2024

N/A

Cash

3946322

1.026152

Swaps

26/05/2026

N/A

Cash

2310080

0.600684

Swaps

28/06/2024

N/A

Cash

230701

0.059989

Swaps

18/11/2024

N/A

Cash

550927

0.143256

Swaps

24/04/2024

N/A

Cash

13023

0.003386

Swaps

02/07/2024

N/A

Cash

15585

0.004053

Swaps

23/10/2024

N/A

Cash

1004939

0.261312

Swaps

18/04/2024

N/A

Cash

5804998

1.509458

Swaps

15/02/2028

N/A

Cash

822942

0.213987

Swaps

21/10/2024

N/A

Cash

349141

0.090786

Swaps

30/09/2024

N/A

Cash

498991

0.129751

Swaps

15/02/2024

N/A

Cash

43391

0.011283

Swaps

31/10/2024

N/A

Cash

55375

0.014399

Swaps

29/11/2024

N/A

Cash

124545

0.032385

Swaps

27/05/2025

N/A

Cash

2305

0.000599

Swaps

12/06/2025

N/A

Cash

9539

0.002480

Swaps

24/06/2024

N/A

Cash

687

0.000179

Swaps

28/05/2025

N/A

Cash

2258

0.000587

Sub Total 8.B2


22838202

5.938557%

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 than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Bank of America Corporation

Bank of America, National Association


3.930356

3.930356%

Bank of America Corporation

BofA Securities Europe, SA




Bank of America Corporation

Managed Account Advisors, LLC




Bank of America Corporation

Merrill Lynch International

3.661612

4.375641

8.037253%

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-Nov-2023

13. Place Of Completion

United Kingdom

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