Drax Group PLC

Major Shareholding Notification • Jun 4, 2024

National Storage Mechanism | Additional information

RNS Number : 0953R

Drax Group PLC

04 June 2024

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

31-May-2024

6. Date on which Issuer notified

03-Jun-2024

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	0.004378	10.027463	10.031841	38793237
Position of previous notification (if applicable)	0.130540	9.272319	9.402859

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		16928		0.004378
Sub Total 8.A	16928		0.004378%

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	388027	0.100343
Physical Swaps	22/04/2025	N/A	4146000	1.072146
Physical Swaps	19/08/2024	N/A	3419516	0.884279
Sub Total 8.B1			7953543	2.056768%

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	26/05/2026	N/A	Cash	2799254	0.723881
Swaps	31/07/2024	N/A	Cash	566428	0.146477
Swaps	02/05/2025	N/A	Cash	928000	0.239979
Swaps	15/09/2025	N/A	Cash	38872	0.010052
Swaps	03/03/2025	N/A	Cash	5415478	1.400430
Swaps	02/07/2024	N/A	Cash	158249	0.040923
Swaps	07/11/2025	N/A	Cash	1338451	0.346120
Swaps	06/03/2026	N/A	Cash	980285	0.253499
Swaps	28/04/2025	N/A	Cash	92681	0.023967
Swaps	23/07/2024	N/A	Cash	5156599	1.333485
Swaps	31/10/2024	N/A	Cash	84936	0.021964
Swaps	18/11/2024	N/A	Cash	192253	0.049716
Swaps	30/09/2024	N/A	Cash	409870	0.105991
Swaps	21/10/2024	N/A	Cash	306050	0.079144
Swaps	31/01/2025	N/A	Cash	34070	0.008810
Swaps	18/03/2026	N/A	Cash	263084	0.068033
Swaps	16/05/2025	N/A	Cash	6770466	1.750827
Swaps	14/05/2025	N/A	Cash	5032396	1.301366
Swaps	31/03/2025	N/A	Cash	6902	0.001785
Swaps	28/02/2025	N/A	Cash	3346	0.000865
Swaps	08/08/2024	N/A	Cash	245096	0.063381
Sub Total 8.B2				30822766	7.970695%

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		5.491055	5.491055%
Bank of America Corporation	Bank of America, National Association		4.524708	4.524708%

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

03-Jun-2024

13. Place Of Completion

United Kingdom

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