Drax Group PLC Holding(s) in Company
May 02 2024 - 10:19AM
RNS Regulatory News
RNS Number : 0628N
Drax Group PLC
02 May 2024
TR-1:
Standard form for notification of major holdings
2.
Reason for Notification
Legal Entity level crossing - See
Section 9
3.
Details of person subject to the notification
obligation
Bank of America
Corporation
City
of registered office (if applicable)
Country of registered office (if applicable)
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
6.
Date on which Issuer notified
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
|
4.752471
|
7.860806
|
12.613277
|
48769320
|
|
Position of previous notification
(if applicable)
|
4.733113
|
7.832756
|
12.565869
|
|
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
|
|
18375464
|
|
4.752471
|
|
Sub Total 8.A
|
18375464
|
4.752471%
|
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
|
32371
|
0.008372
|
|
Physical Swap
|
16/05/2024
|
n/a
|
6770466
|
1.751055
|
|
Physical Swap
|
15/05/2024
|
n/a
|
1971918
|
0.510000
|
|
Sub Total 8.B1
|
|
8774755
|
2.269427%
|
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
|
17/05/2024
|
N/A
|
Cash
|
3621705
|
0.936686
|
|
Swaps
|
13/06/2024
|
N/A
|
Cash
|
14205
|
0.003674
|
|
Swaps
|
02/07/2024
|
N/A
|
Cash
|
266001
|
0.068796
|
|
Swaps
|
23/07/2024
|
N/A
|
Cash
|
4398599
|
1.137616
|
|
Swaps
|
31/07/2024
|
N/A
|
Cash
|
694668
|
0.179663
|
|
Swaps
|
31/10/2024
|
N/A
|
Cash
|
84972
|
0.021976
|
|
Swaps
|
18/11/2024
|
N/A
|
Cash
|
191936
|
0.049641
|
|
Swaps
|
03/03/2025
|
N/A
|
Cash
|
3503197
|
0.906037
|
|
Swaps
|
01/04/2025
|
N/A
|
Cash
|
109204
|
0.028244
|
|
Swaps
|
08/04/2025
|
N/A
|
Cash
|
10297
|
0.002663
|
|
Swaps
|
22/04/2025
|
N/A
|
Cash
|
4146000
|
1.072286
|
|
Swaps
|
06/05/2025
|
N/A
|
Cash
|
3673
|
0.000950
|
|
Swaps
|
15/09/2025
|
N/A
|
Cash
|
38872
|
0.010054
|
|
Swaps
|
07/11/2025
|
N/A
|
Cash
|
1567837
|
0.405492
|
|
Swaps
|
16/02/2026
|
N/A
|
Cash
|
8198
|
0.002120
|
|
Swaps
|
06/03/2026
|
N/A
|
Cash
|
111476
|
0.028831
|
|
Swaps
|
18/03/2026
|
N/A
|
Cash
|
262867
|
0.067986
|
|
Swaps
|
26/05/2026
|
N/A
|
Cash
|
2585394
|
0.668664
|
|
Sub Total 8.B2
|
|
21619101
|
5.591379%
|
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
|
BofA Securities Europe,
SA
|
|
|
|
|
Bank of America
Corporation
|
Managed Account Advisors,
LLC
|
|
|
|
|
Bank of America
Corporation
|
Merrill Lynch
International
|
4.745228
|
4.850058
|
9.595286%
|
|
Bank of America
Corporation
|
Bank of America, National
Association
|
|
3.006924
|
3.006924%
|
10.
In case of proxy voting
The
number and % of voting rights held
The
date until which the voting rights will be held
11.
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