RNS Number : 6211HDrax Group PLC28 July 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

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

27-Jul-2023

6. Date on which Issuer notified

28-Jul-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

2.737062

5.991115

8.728177

34103992

Position of previous notification (if applicable)

2.810702

6.008506

8.819208

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

10694639

2.737062

Sub Total 8.A

10694639

2.737062%

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

234337

0.059973

Sub Total 8.B1

234337

0.059973%

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

677615

0.173421

Swaps

01/03/2024

N/A

Cash

4102134

1.049852

Swaps

30/08/2024

N/A

Cash

799501

0.204615

Swaps

04/09/2023

N/A

Cash

3953052

1.011698

Swaps

08/09/2025

N/A

Cash

43728

0.011191

Swaps

24/01/2025

N/A

Cash

820292

0.209936

Swaps

07/11/2025

N/A

Cash

1159266

0.296689

Swaps

06/03/2026

N/A

Cash

396037

0.101357

Swaps

18/09/2023

N/A

Cash

1736320

0.444374

Swaps

29/04/2024

N/A

Cash

643275

0.164632

Swaps

17/05/2024

N/A

Cash

2291908

0.586564

Swaps

26/05/2026

N/A

Cash

707868

0.181164

Swaps

29/09/2023

N/A

Cash

35424

0.009066

Swaps

28/06/2024

N/A

Cash

162340

0.041547

Swaps

31/10/2023

N/A

Cash

17435

0.004462

Swaps

18/11/2024

N/A

Cash

32600

0.008343

Swaps

08/07/2024

N/A

Cash

742830

0.190111

Swaps

13/06/2024

N/A

Cash

71062

0.018187

Swaps

31/01/2024

N/A

Cash

23266

0.005954

Swaps

15/02/2028

N/A

Cash

127870

0.032726

Swaps

24/04/2024

N/A

Cash

16860

0.004315

Swaps

17/07/2028

N/A

Cash

7033

0.001800

Swaps

02/07/2024

N/A

Cash

5

0.000001

Swaps

24/06/2024

N/A

Cash

3557

0.000910

Swaps

19/09/2023

N/A

Cash

4603738

1.178227

Sub Total 8.B2

23175016

5.931142%

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, NA

Bank of America Corporation

BofA Securities Europe, SA

Bank of America Corporation

Managed Account Advisors, LLC

Bank of America Corporation

Merrill Lynch International

3.145769

5.867347%

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

28-Jul-2023

13. Place Of Completion

United Kingdom

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