Drax Group PLC Holding(s) in Company (1518M)

TIDMDRX

RNS Number : 1518M

Drax Group PLC

10 October 2016

10 October 2016

Drax Group plc

(Symbol:DRX)

NOTIFICATION OF MAJOR INTEREST IN SHARES

 
 1. Identity of the issuer or the underlying                Drax Group plc 
  issuer of existing shares to which 
  voting rights are attached: (ii) 
---------------------------------------------------------  ----------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                       Yes 
----------------------------------------------------------  ---------------- 
 An acquisition or disposal of qualifying financial                No 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------  ---------------- 
 An acquisition or disposal of instruments with                    No 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------  ---------------- 
 An event changing the breakdown of voting rights                  No 
----------------------------------------------------------  ---------------- 
 Other (please specify):                                           No 
--------------------------------------------------------    ---------------- 
 3. Full name of person(s) subject to                       Invesco Limited 
  the notification obligation: (iii) 
---------------------------------------------------------  ----------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  ----------------- 
 5. Date of the transaction and date                        07 October 2016 
  on which the threshold is crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------- 
 6. Date on which issuer notified:                          10 October 2016 
---------------------------------------------------------  ----------------- 
 7. Threshold(s) that is/are crossed 
  or reached: (vi, vii)                                     23% 
---------------------------------------------------------  ----------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the 
  of             to the triggering                             triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------------------  ------------------------------------------------------------- 
                Number                      Number            Number      Number of               % of voting 
                 of                          of               of           voting                  rights (x) 
                 Shares                      Voting           shares       rights 
                                             Rights 
-------------  --------------------------  ----------------  ----------  ----------------------  ------------------------- 
                                                              Direct      Direct     Indirect     Direct        Indirect 
                                                                          (xi)        (xii) 
-------------      ---------  -----------      ------------  ----------  ---------  -----------  ------------  ----------- 
 Ordinary 
 11.55172p 
 Shares 
 
 GB00B1VNSX38   97,606,221                  97,606,221                               96,996,765                 23.85% 
               --------------------------  ----------------  ----------  ---------  -----------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                     Number of voting          % of voting 
 financial           date                      Conversion                    rights that               rights 
 instrument          (xiii)                    Period (xiv)                  may be 
                                                                             acquired if 
                                                                             the 
                                                                             instrument 
                                                                             is 
                                                                             exercised/ 
                                                                             converted. 
-----------------  ------------------------  ----------------------------  ------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration       Exercise/       Number of voting                    % of voting 
 financial        price         date             Conversion      rights instrument                   rights (xix, 
 instrument                     (xvii)           period          refers to                           xx) 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  ----------------------------------  ----------------------- 
                                                                                                    Nominal       Delta 
---------------  -----------  ---------------  --------------  ----------------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
                   Number of voting rights                                     Percentage of voting rights 
-------------------------------------------------------------  ----------------------------------------------------------- 
 96,996,765                                                                               23.85% 
-------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------- 
 
   Invesco Asset Management Limited - 96,746,119 
   Invesco PowerShares Capital Management LLC - 250,646 
 
 Proxy Voting: 
----------------------------------------------------------------------- 
 10. Name of the proxy holder:                Invesco Limited 
-------------------------------------------  -------------------------- 
 11. Number of voting rights proxy            n/a 
  holder will cease to hold: 
-------------------------------------------  -------------------------- 
 12. Date on which proxy holder will          n/a 
  cease to hold voting rights: 
-------------------------------------------  -------------------------- 
 
 13. Additional information: 
-------------------------------------------  -------------------------- 
 14. Contact name:                            Laura Dobson 
                                               Deputy Company Secretary 
-------------------------------------------  -------------------------- 
 15. Contact telephone number:                01757 612778 
-------------------------------------------  -------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 10, 2016 10:15 ET (14:15 GMT)