Drax Group PLC Holding(s) in Company (6912Q)

TIDMDRX

RNS Number : 6912Q

Drax Group PLC

01 December 2016

01 December 2016

Drax Group plc

(Symbol: DRX)

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                           Drax Group plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
----------------------------------------------------------  ------------------------------------- 
 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 
   instruments which may result in the acquisition 
   of shares already issued to which voting rights 
   are attached. 
-----------------------------------------------------------  ------------------------------------ 
 
   An acquisition or disposal of instruments with 
   similar economic effect to qualifying financial 
   instruments 
-----------------------------------------------------------  ------------------------------------ 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------  ------------------------------------ 
 
   Other (please 
   specify): 
---------------------------------------------------------    ------------------------------------ 
 3. Full name of person(s)                                    Orbis Allan Gray Limited (parent) 
  subject to the 
  notification obligation:                                        Orbis Investment Management 
                                                                  Limited (investment manager 
                                                                  and controlled undertaking) 
 
                                                                Orbis Asset Management Limited 
                                                              (investment manager and controlled 
                                                                         undertaking) 
 
                                                                  Orbis Portfolio Management 
                                                               (Europe) LLP (investment manager 
                                                                  and controlled undertaking) 
----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                                    Vidacos Nominees Limited 
  (if different from 3.): 
----------------------------------------------------------  ------------------------------------- 
                                                                       29 November 2016 
   5. Date of the transaction 
   and date on which the threshold 
   is crossed or reached: 
----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                               30 November 2016 
  notified: 
----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or reached:                                                         5% 
----------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 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 of voting           % of voting 
                         of                  of                                  rights                  rights 
                       Shares              Voting 
                                           Rights 
--------------  -------------------  -----------------  -------------  ------------------------  --------------------- 
                                                            Number       Direct      Indirect      Direct     Indirect 
                                                              of 
                                                            shares 
--------------      ---------------      -------------  -------------  ----------  ------------  ----------  --------- 
 GB00B1VNSX38        20,471,875          20,471,875                                 20,241,875                 4.98% 
--------------  -------------------  -----------------  -------------  ----------  ------------  ----------  --------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
                                                                          Number of voting 
  Type of              Expiration           Exercise/                      rights that                % of voting 
  financial            date                 Conversion                     may be                     rights 
  instrument                                Period                         acquired if 
                                                                           the 
                                                                           instrument 
                                                                           is 
                                                                           exercised/ 
                                                                           converted. 
------------------  -------------------  ------------------------------  ------------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 
  Type of            Exercise             Expiration       Exercise/      Number of voting          % of voting 
  financial          price                date             Conversion     rights instrument         rights 
  instrument                                               period         refers to 
----------------  -------------------  ---------------  -------------  ------------------------  --------------------- 
                                                                                                   Nominal     Delta 
----------------  -------------------  ---------------  -------------  ------------------------  ----------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                Percentage of voting rights 
---------------------------------------------------------------------  ----------------------------------------------- 
                              20,241,875                                                    4.98% 
---------------------------------------------------------------------  ----------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------------------- 
 
                                Orbis Investment Management Limited, Orbis Asset Management 
                                    Limited and Orbis Portfolio (Europe) LLP are controlled 
                                                  undertakings of Orbis Allan Gray Limited. 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
---------------------------------------------------------------  -------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
---------------------------------------------------------------  -------------------------- 
 12. Date on which proxy holder will 
  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

END

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December 01, 2016 04:58 ET (09:58 GMT)