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Last checked at 
5 Oct 2023 09:58
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
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
03-Oct-2023
6. Date on which Issuer notified
04-Oct-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 | 3.055523 | 7.258272 | 10.313795 | 39660960 |
Position of previous notification (if applicable) | 2.308199 | 8.053857 | 10.362056 |
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 | 11749792 | 3.055523 | ||
Sub Total 8.A | 11749792 | 3.055523% | ||
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 | 1476064 | 0.383849 |
Physical Swap | 16/05/2024 | n/a | 6390000 | 1.661714 |
Sub Total 8.B1 | 7866064 | 2.045563% | ||
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 | 400629 | 0.104183 |
Swaps | 01/03/2024 | N/A | Cash | 4000000 | 1.040196 |
Swaps | 30/08/2024 | N/A | Cash | 1559579 | 0.405567 |
Swaps | 08/09/2025 | N/A | Cash | 43728 | 0.011371 |
Swaps | 07/11/2025 | N/A | Cash | 1317086 | 0.342507 |
Swaps | 06/03/2026 | N/A | Cash | 476780 | 0.123986 |
Swaps | 29/04/2024 | N/A | Cash | 13023 | 0.003387 |
Swaps | 17/05/2024 | N/A | Cash | 2802322 | 0.728741 |
Swaps | 26/05/2026 | N/A | Cash | 942968 | 0.245218 |
Swaps | 28/06/2024 | N/A | Cash | 230701 | 0.059994 |
Swaps | 31/10/2023 | N/A | Cash | 32347 | 0.008412 |
Swaps | 18/11/2024 | N/A | Cash | 137641 | 0.035793 |
Swaps | 08/07/2024 | N/A | Cash | 742830 | 0.193172 |
Swaps | 24/04/2024 | N/A | Cash | 13023 | 0.003387 |
Swaps | 02/07/2024 | N/A | Cash | 19682 | 0.005118 |
Swaps | 23/10/2024 | N/A | Cash | 1004939 | 0.261334 |
Swaps | 29/11/2024 | N/A | Cash | 3639 | 0.000946 |
Swaps | 18/04/2024 | N/A | Cash | 4819172 | 1.253221 |
Swaps | 15/02/2028 | N/A | Cash | 910168 | 0.236688 |
Swaps | 21/10/2024 | N/A | Cash | 377441 | 0.098153 |
Swaps | 30/09/2024 | N/A | Cash | 197082 | 0.051251 |
Swaps | 24/06/2024 | N/A | Cash | 324 | 0.000084 |
Sub Total 8.B2 | 20045104 | 5.212709% | |||
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 | 3.334530 | 3.334530% | |
Bank of America Corporation | BofA Securities Europe, SA | |||
Bank of America Corporation | Managed Account Advisors, LLC | |||
Bank of America Corporation | Merrill Lynch International | 3.025696 | 3.921545 | 6.947241% |
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
04-Oct-2023
13. Place Of Completion
United Kingdom
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