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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Drax Group Plc | LSE:DRX | London | Ordinary Share | GB00B1VNSX38 | ORD 11 16/29P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
13.40 | 2.71% | 508.00 | 507.00 | 507.50 | 509.50 | 496.00 | 499.20 | 2,032,850 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 8.13B | 562.2M | 1.4615 | 3.47 | 1.95B |
TIDMDRX TIDMSDR
RNS Number : 9870E
Drax Group PLC
12 May 2017
12 May 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 1 & 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 10.05.2017 which the threshold is crossed or reached: ----------------------------------------------- ------------------------- 6. Date on which issuer notified: 11.05.2017 ----------------------------------------------- ------------------------- 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 64,934,123 64,894,941 65,131,703 n/a 65,103,243 n/a 16.002% -------------------------- ---------------- --------------- ------- ----------- -------- ----------- 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 28,460 Nominal Delta --------------- ----------- --------------- -------------- ----------------------------------- ---------- --------- 0.007% 1 ------------- --------- ----------- ------------ ----------- ------- ----------- ---------- --------- Total (A+B+C) ------------------------------------------------------------------------------------------------------------------------- Number of voting rights Percentage of voting rights ------------------------------------------------------------- ---------------------------------------------------------- 65,131,703 16.009% ------------------------------------------------------------- ---------------------------------------------------------- 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 64,082,041 15.751% ------------------------ ----------- -------- 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 406,851,207. ----------------------------------------------------------------- ----------------------------------------- 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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(END) Dow Jones Newswires
May 12, 2017 04:24 ET (08:24 GMT)
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