Drax Group PLC Holding(s) in Company (6015Y)

TIDMDRX TIDMSDR

RNS Number : 6015Y

Drax Group PLC

06 March 2017

06 March 2017

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: 
-----------------------------------------------  ------------------------- 
 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):                             Type 3 Disclosure 
                                                   as per the Transparency 
                                                        II Directive 
                                                         Regulation 
---------------------------------------------    ------------------------- 
 3. Full name of person(s) subject to the         Schroders plc 
  notification obligation: 
-----------------------------------------------  ------------------------- 
 4. Full name of shareholder(s) (if different 
  from 3.) 
-----------------------------------------------  ------------------------- 
 5. Date of the transaction and date on           02.03.2017 
  which the threshold is crossed or reached: 
-----------------------------------------------  ------------------------- 
 6. Date on which issuer notified:                03.03.2017 
-----------------------------------------------  ------------------------- 
 7. Threshold(s) that is/are crossed or           From 15% to 
  reached:                                         16% 
-----------------------------------------------  ------------------------- 
 
 
 
 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           Number of             % of voting 
                 of                         of Voting         of shares         voting                rights 
                 Shares                     Rights                              rights 
-------------  --------------------------  ----------------  ---------------  --------------------  --------------------- 
                                                              Direct           Direct   Indirect     Direct    Indirect 
-------------      ---------  -----------      ------------  ---------------  -------  -----------  --------  ----------- 
 Ordinary 
 11.5517p 
 Shares 
 
 GB00B1VNSX38          62,338,377             62,284,765        66,012,024      n/a     65,929,952     n/a     16.211% 
               --------------------------  ----------------  ---------------  -------  -----------  --------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of                  Expiration              Exercise/                    Number of voting                   % of 
 financial                    date                Conversion                    rights that may                  voting 
 instrument                                         Period                      be acquired if                   rights 
                                                                                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 
---------------  -----------  ---------------  --------------  -----------------------------------  --------------------- 
 CFD              N/A          N/A              N/A             82,072                               Nominal     Delta 
---------------  -----------  ---------------  --------------  -----------------------------------  ----------  --------- 
                                                                                                       0.02%        1 
-------------      ---------  -----------      ------------      -----------  -------  -----------  ----------  --------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
                   Number of voting rights                                     Percentage of voting rights 
-------------------------------------------------------------  ---------------------------------------------------------- 
                          66,012,024                                                     16.231% 
-------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the financial instruments are effectively 
  held, if applicable: 
------------------------------------------------------------------------------------------------------------ 
   Schroder & Co. Limited     1,049,662    0.258% 
   ------------------------  -----------  -------- 
    Schroder Investment 
     Management Limited       64,962,362   15.973% 
   ------------------------  -----------  -------- 
 
 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                                                     The shares referred to in in section 
  information:                                                      9 are held in portfolios managed by 
                                                                    those firms on a discretionary basis 
                                                                    for clients under investment management 
                                                                    agreements. This disclosure has been 
                                                                    calculated based on issue share capital 
                                                                    amount 406,702,537. 
-----------------------------------------------------------------  ----------------------------------------- 
 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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March 06, 2017 04:45 ET (09:45 GMT)