Drax Group PLC Holding(s) in Company (2635T)
13 November 2023 - 11:10PM
UK Regulatory
TIDMDRX TIDM51DV
RNS Number : 2635T
Drax Group PLC
13 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 voting rights
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
09-Nov-2023
6. Date on which Issuer notified
10-Nov-2023
7. Total positions of person(s) subject to the notification
obligation
% of voting rights % of voting rights Total of both in % Total number of
attached to shares through financial (8.A + 8.B) voting rights held
(total of 8.A) instruments (total in issuer
of 8.B 1 + 8.B 2)
Resulting situation
on the date on
which threshold
was crossed or
reached 3.827594 8.768224 12.595818 48440359
====================== ====================== ====================== ======================
Position of
previous
notification (if
applicable) 4.021241 8.732832 12.754073
====================== ====================== ====================== ======================
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 Number of direct Number of indirect % of direct voting % of indirect voting
ISIN code(if possible) voting rights (DTR5.1) voting rights rights (DTR5.1) rights (DTR5.2.1)
(DTR5.2.1)
GB00B1VNSX38 14719968 3.827594
====================== ====================== ====================== ======================
Sub Total 8.A 14719968 3.827594%
============================================== ==============================================
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial Expiration date Exercise/conversion period Number of voting rights % of voting rights
instrument that may be acquired if
the instrument is
exercised/converted
Right to Recall n/a n/a 409366 0.106446
================ ========================== ======================== ==================
Physical Swap 16/05/2024 n/a 6770466 1.760506
================ ========================== ======================== ==================
Physical Swap 15/05/2024 n/a 1971918 0.512753
================ ========================== ======================== ==================
Sub Total 8.B1 9151750 2.379705%
======================== ==================
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of financial Expiration date Exercise/conversion Physical or cash Number of voting % of voting rights
instrument period settlement rights
Swaps 31/07/2024 N/A Cash 686632 0.178543
================ ==================== ================== ================== ==================
Swaps 01/03/2024 N/A Cash 4000000 1.040109
================ ==================== ================== ================== ==================
Swaps 30/08/2024 N/A Cash 1581674 0.411278
================ ==================== ================== ================== ==================
Swaps 08/09/2025 N/A Cash 43728 0.011370
================ ==================== ================== ================== ==================
Swaps 07/11/2025 N/A Cash 1230216 0.319890
================ ==================== ================== ================== ==================
Swaps 29/04/2024 N/A Cash 17155 0.004461
================ ==================== ================== ================== ==================
Swaps 17/05/2024 N/A Cash 3946322 1.026152
================ ==================== ================== ================== ==================
Swaps 26/05/2026 N/A Cash 2160244 0.561723
================ ==================== ================== ================== ==================
Swaps 28/06/2024 N/A Cash 230701 0.059989
================ ==================== ================== ================== ==================
Swaps 18/11/2024 N/A Cash 646616 0.168138
================ ==================== ================== ================== ==================
Swaps 31/01/2024 N/A Cash 41406 0.010767
================ ==================== ================== ================== ==================
Swaps 24/04/2024 N/A Cash 13023 0.003386
================ ==================== ================== ================== ==================
Swaps 02/07/2024 N/A Cash 10686 0.002779
================ ==================== ================== ================== ==================
Swaps 23/10/2024 N/A Cash 1004939 0.261312
================ ==================== ================== ================== ==================
Swaps 18/04/2024 N/A Cash 7089172 1.843379
================ ==================== ================== ================== ==================
Swaps 15/02/2028 N/A Cash 870273 0.226295
================ ==================== ================== ================== ==================
Swaps 21/10/2024 N/A Cash 348334 0.090576
================ ==================== ================== ================== ==================
Swaps 30/09/2024 N/A Cash 498991 0.129751
================ ==================== ================== ================== ==================
Swaps 15/02/2024 N/A Cash 46362 0.012055
================ ==================== ================== ================== ==================
Swaps 31/10/2024 N/A Cash 46333 0.012048
================ ==================== ================== ================== ==================
Swaps 29/11/2024 N/A Cash 55834 0.014518
================ ==================== ================== ================== ==================
Sub Total 8.B2 24568641 6.388519%
================== ==================
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 Name of controlled % of voting rights if % of voting rights Total of both if it
person undertaking it equals or is through financial equals or is higher
higher than the instruments if it than the notifiable
notifiable threshold equals or is higher threshold
than the notifiable
threshold
Bank of America,
Bank of America National
Corporation Association 4.229759 4.229759%
======================= ===================== ===================== ======================
Bank of America BofA Securities
Corporation Europe, SA
======================= ===================== ===================== ======================
Bank of America Managed Account
Corporation Advisors, LLC
======================= ===================== ===================== ======================
Bank of America Merrill Lynch
Corporation International 3.822789 4.524829 8.347618%
======================= ===================== ===================== ======================
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
10-Nov-2023
13. Place Of Completion
United Kingdom
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END
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