19 Sep 2023 12:44
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; 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)
Â
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
Â
City of registered office (if applicable)
Â
Country of registered office (if applicable)
Â
5. Date on which the threshold was crossed or reached
15-Sep-2023
6. Date on which Issuer notified
18-Sep-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 | 2.883997 | 7.439199 | 10.323196 | 39696046 |
Position of previous notification (if applicable) | 3.552106 | 6.848081 | 10.400187 |
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 | 11089905 | 2.883997 | ||
Sub Total 8.A | 11089905 | 2.883997% |
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 | 2047416 | 0.532443 |
Sub Total 8.B1 | 2047416 | 0.532443% |
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 | 665681 | 0.173114 |
Swaps | 01/03/2024 | N/A | Cash | 4000000 | 1.040224 |
Swaps | 30/08/2024 | N/A | Cash | 1577833 | 0.410325 |
Swaps | 08/09/2025 | N/A | Cash | 43728 | 0.011372 |
Swaps | 24/01/2025 | N/A | Cash | 734946 | 0.191127 |
Swaps | 07/11/2025 | N/A | Cash | 1295144 | 0.336810 |
Swaps | 06/03/2026 | N/A | Cash | 259904 | 0.067590 |
Swaps | 18/09/2023 | N/A | Cash | 1736320 | 0.451540 |
Swaps | 29/04/2024 | N/A | Cash | 13023 | 0.003387 |
Swaps | 17/05/2024 | N/A | Cash | 2802322 | 0.728761 |
Swaps | 26/05/2026 | N/A | Cash | 363488 | 0.094527 |
Swaps | 29/09/2023 | N/A | Cash | 415728 | 0.108113 |
Swaps | 28/06/2024 | N/A | Cash | 230701 | 0.059995 |
Swaps | 31/10/2023 | N/A | Cash | 24288 | 0.006316 |
Swaps | 18/11/2024 | N/A | Cash | 123944 | 0.032232 |
Swaps | 08/07/2024 | N/A | Cash | 742830 | 0.193177 |
Swaps | 31/01/2024 | N/A | Cash | 31721 | 0.008249 |
Swaps | 24/04/2024 | N/A | Cash | 13023 | 0.003387 |
Swaps | 02/07/2024 | N/A | Cash | 76255 | 0.019831 |
Swaps | 19/09/2023 | N/A | Cash | 4603738 | 1.197230 |
Swaps | 23/10/2024 | N/A | Cash | 1004939 | 0.261340 |
Swaps | 29/11/2024 | N/A | Cash | 47192 | 0.012273 |
Swaps | 18/04/2024 | N/A | Cash | 4819172 | 1.253255 |
Swaps | 18/03/2026 | N/A | Cash | 11606 | 0.003018 |
Swaps | 15/02/2028 | N/A | Cash | 921199 | 0.239563 |
Sub Total 8.B2 | 26558725 | 6.906756% |
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 | 3.304892 | 3.304892% | |
Bank of America Corporation | BofA Securities Europe, SA | |||
Bank of America Corporation | Managed Account Advisors, LLC | |||
Bank of America Corporation | Merrill Lynch International | 4.114588 | 6.988540% |
10. In case of proxy voting
Name of the proxy holder
Â
The number and % of voting rights held
Â
The date until which the voting rights will be held
Â
11. Additional Information
Â
12. Date of Completion
18-Sep-2023
13. Place Of Completion
United Kingdom