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Holding(s) in Company

2 Nov 2023 11:42

RNS Number : 2196S
Drax Group PLC
02 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

31-Oct-2023

6. Date on which Issuer notified

01-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

3.722743

8.722991

12.445734

47859156

Position of previous notification (if applicable)

3.676125

8.225473

11.901598

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

14315539

3.722743

Sub Total 8.A

14315539

3.722743%

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

1156705

0.300800

Physical Swap

16/05/2024

n/a

6770466

1.760654

Physical Swap

15/05/2024

n/a

1971918

0.512796

Sub Total 8.B1

9899089

2.574250%

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

81508

0.021196

Swaps

01/03/2024

N/A

Cash

4000000

1.040196

Swaps

30/08/2024

N/A

Cash

1560038

0.405687

Swaps

08/09/2025

N/A

Cash

43728

0.011371

Swaps

07/11/2025

N/A

Cash

1318678

0.342921

Swaps

29/04/2024

N/A

Cash

17155

0.004461

Swaps

17/05/2024

N/A

Cash

3946322

1.026238

Swaps

26/05/2026

N/A

Cash

2029522

0.527775

Swaps

28/06/2024

N/A

Cash

230701

0.059994

Swaps

18/11/2024

N/A

Cash

492017

0.127949

Swaps

31/01/2024

N/A

Cash

36873

0.009589

Swaps

24/04/2024

N/A

Cash

13023

0.003387

Swaps

02/07/2024

N/A

Cash

1653

0.000430

Swaps

23/10/2024

N/A

Cash

1004939

0.261334

Swaps

18/04/2024

N/A

Cash

7089172

1.843533

Swaps

15/02/2028

N/A

Cash

870273

0.226314

Swaps

21/10/2024

N/A

Cash

317774

0.082637

Swaps

30/09/2024

N/A

Cash

498991

0.129762

Swaps

15/02/2024

N/A

Cash

43692

0.011362

Swaps

31/10/2024

N/A

Cash

42648

0.011091

Swaps

29/11/2024

N/A

Cash

4732

0.001231

Swaps

01/07/2024

N/A

Cash

1089

0.000283

Sub Total 8.B2

23644528

6.148741%

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

4.051057

4.051057%

Bank of America Corporation

BofA Securities Europe, SA

Bank of America Corporation

Managed Account Advisors, LLC

Bank of America Corporation

Merrill Lynch International

3.709612

4.667346

8.376958%

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

01-Nov-2023

13. Place Of Completion

United Kingdom

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END
HOLFLLFBXFLXFBK
Date   Source Headline
19th Sep 202312:44 pmRNSHolding(s) in Company
18th Sep 20233:04 pmRNSCompletion of Share Buyback Programme
18th Sep 202312:59 pmRNSHolding(s) in Company
18th Sep 20237:30 amRNSTransaction in Own Shares
15th Sep 20237:30 amRNSTransaction in Own Shares
14th Sep 20237:30 amRNSTransaction in Own Shares
13th Sep 20237:30 amRNSTransaction in Own Shares
12th Sep 202312:10 pmRNSHolding(s) in Company
12th Sep 20237:30 amRNSTransaction in Own Shares
11th Sep 20237:30 amRNSTransaction in Own Shares
8th Sep 20232:43 pmRNSHolding(s) in Company
8th Sep 20237:30 amRNSTransaction in Own Shares
7th Sep 20237:30 amRNSTransaction in Own Shares
6th Sep 20237:30 amRNSTransaction in Own Shares
5th Sep 20234:05 pmRNSHolding(s) in Company
5th Sep 20237:30 amRNSTransaction in Own Shares
4th Sep 20237:30 amRNSTransaction in Own Shares
1st Sep 202312:05 pmRNSTotal Voting Rights
1st Sep 20237:30 amRNSTransaction in Own Shares
31st Aug 202310:47 amRNSDirector/PDMR Shareholding
31st Aug 20237:30 amRNSTransaction in Own Shares
30th Aug 20237:30 amRNSTransaction in Own Shares
29th Aug 202311:25 amRNSHolding(s) in Company
29th Aug 202311:19 amRNSHolding(s) in Company
29th Aug 20237:30 amRNSTransaction in Own Shares
25th Aug 20237:30 amRNSTransaction in Own Shares
24th Aug 20237:00 amRNSAppointment of Chair Designate
23rd Aug 20237:30 amRNSTransaction in Own Shares
22nd Aug 20237:30 amRNSTransaction in Own Shares
21st Aug 20237:30 amRNSTransaction in Own Shares
18th Aug 20239:35 amRNSTransaction in Own Shares
10th Aug 202312:30 pmRNSUK Biomass Strategy - Highly supportive of biomass
4th Aug 20237:29 amRNSTransaction in Own Shares
1st Aug 20231:52 pmRNSTotal Voting Rights
31st Jul 20233:30 pmRNSDirector/PDMR Shareholding
28th Jul 20234:30 pmRNSHolding(s) in Company
27th Jul 20237:04 amRNSHalf Year Results Webcast Arrangements
27th Jul 20237:00 amRNSHalf-year Report
24th Jul 202311:46 amRNSHolding(s) in Company
20th Jul 20234:10 pmRNSHolding(s) in Company
20th Jul 20239:30 amRNSNotice of Results
19th Jul 20237:30 amRNSTransaction in Own Shares
18th Jul 20231:01 pmRNSHolding(s) in Company
18th Jul 20237:30 amRNSTransaction in Own Shares
17th Jul 20237:30 amRNSTransaction in Own Shares
13th Jul 20237:30 amRNSTransaction in Own Shares
12th Jul 20237:30 amRNSTransaction in Own Shares
11th Jul 20232:40 pmRNSHolding(s) in Company
11th Jul 20237:30 amRNSTransaction in Own Shares
10th Jul 20237:30 amRNSTransaction in Own Shares

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