Drax Group PLC Holding(s) in Company (5694O)

TIDMDRX TIDMOML

RNS Number : 5694O

Drax Group PLC

21 August 2017

21 August 2017

Drax Group plc

(Symbol:DRX)

NOTIFICATION OF MAJOR INTEREST IN SHARES(i)

 
 1a. Identity of the issuer or the underlying                                     Drax Group plc 
  issuer of existing shares to which 
  voting rights are attached: (ii) 
-------------------------------------------------------------------------------  ---------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
------------------------------------------------------------------------------------------------------------- 
 Non-UK issuer 
----------------------------------------------------------------------------------------------  ------------- 
 2. Reason for the notification (please mark with an 
  "X" if appropriate) 
------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                          X 
----------------------------------------------------------------------------------------------  ------------- 
 An acquisition or disposal of financial instruments                                                  X 
----------------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(iii) 
-------------------------------------------------------------  -------------------------------  ------------- 
 3. Details of person subject to the notification obligation 
  (iv) 
------------------------------------------------------------------------------------------------------------- 
 Name                                                                             Old Mutual Plc 
-------------------------------------------------------------------------------  ---------------------------- 
 City and country of registered office                                            London, UK 
  (if applicable) 
-------------------------------------------------------------------------------  ---------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(v) 
-------------------------------------------------------------------------------  ---------------------------- 
 Name 
-------------------------------------------------------------------------------  ---------------------------- 
 City and country of registered office 
-------------------------------------------------------------------------------  ---------------------------- 
 5. Date of the transaction and date                                              15 August 2017 
  on which the threshold is crossed or 
  reached: (v) 
-------------------------------------------------------------------------------  ---------------------------- 
 6. Date on which issuer notified:                                                18 August 2017 
-------------------------------------------------------------------------------  ---------------------------- 
 7. Total positions of person(s) subject 
  to the notification obligation                                                  5% 
-------------------------------------------------------------------------------  ---------------------------- 
                                          % of voting             % of voting       Total of     Total number 
                                         rights attached        rights through     both in %      pf voting 
                                            to shares              financial      (8.A + 8.B)     rights of 
                                            (total of             instruments                     issuer(vii) 
                                              8. A)                (total of 
                                                                   8.B 1+8.B 
                                                                      2) 
--------------------------------  ---------------------------  ----------------  -------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached                                 4.97%                   0.07%           5.04%       406,858,215 
--------------------------------  ---------------------------  ----------------  -------------  ------------- 
 Position 
  of previous 
  notification 
  (if applicable) 
--------------------------------  ---------------------------  ----------------  -------------  ------------- 
 
 
 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
  : 
---------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------- 
 Class/type          Number of voting rights(ix)       % of voting rights 
  of 
  shares 
 
  if possible 
  using 
  the ISIN 
  CODE 
------------------  --------------------------------  ---------------------------------------------------- 
                         Direct          Indirect                   Direct                    Indirect 
                        (Art 9 of        (Art 10 of                (Art 9 of                  (Art 10 of 
                        Directive        Directive                 Directive                  Directive 
                       2004/109/EC)     2004/109/EC)              2004/109/EC)               2004/109/EC) 
                         (DTR5.1)        (DTR5.2.1)                 (DTR5.1)                  (DTR5.2.1) 
-----------------   ----------------  --------------  ----------------------------------  ---------------- 
 GB00B1VNSX38                           20,207,195                                              4.97% 
                    ----------------  --------------  ----------------------------------  ---------------- 
 
 
   SUBTOTAL 
   8.A                         20,207,195                                     4.97% 
                    --------------------------------  ---------------------------------------------------- 
 
 B1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
---------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration        Exercise/       Number of voting                    % of voting 
  instrument          date              Conversion      rights that                         rights 
                      (x)               Period (xi)     may be 
                                                        acquired if 
                                                        the 
                                                        instrument 
                                                        is 
                                                        exercised/converted. 
------------------  ----------------  --------------  ----------------------------------  ---------------- 
 
                                       SUBTOTAL 8. 
                                        B1 
------------------  ----------------  --------------  ----------------------------------  ---------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
---------------------------------------------------------------------------------------------------------- 
 Type of            Expiration         Exercise/       Physical           Number           % of voting 
  financial         date(x)            Conversion      or cash             of voting        rights 
  instrument                           period          settlement(xii)     rights 
                                       (xI) 
-----------------  -----------------  --------------  -----------------  ---------------  ---------------- 
 CFD                                                   Cash               301,745          0.07% 
------------------  ----------------  --------------  -----------------  ---------------  ---------------- 
 
                                                       SUBTOTAL 
                                                        8.B.2             301,745          0.07% 
 -----------------------------------  --------------  -----------------  ---------------  ---------------- 
 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the applicable 
  box with an "X") 
----------------------------------------------------------------------------------------------------------- 
 Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the underlying 
  issuer(xiii) 
 Full chain of controlled undertakings through which                                            x 
  the voting rights and/or the financial instruments 
  are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) 
  (please add additional rows as necessary) 
------------------------------------------------------------------------------------  --------------------- 
            Name(xv)                     % of voting               % of voting            Total of both 
                                         rights if it            rights through            if it equals 
                                         equals or is         financial instruments        or is higher 
                                         higher than              if it equals          than the notifiable 
                                        the notifiable            or is higher               threshold 

                                          threshold            than the notifiable 
                                                                    threshold 
--------------------------------  ------------------------  ------------------------  --------------------- 
 Old Mutual Plc                             4.97%                     0.07%                   5.04% 
--------------------------------  ------------------------  ------------------------  --------------------- 
 Old Mutual Global 
  Investors 
--------------------------------  ------------------------  ------------------------  --------------------- 
 
 Old Mutual Plc                             4.97%                     0.07%                   5.04% 
--------------------------------  ------------------------  ------------------------  --------------------- 
 Acadian Asset 
  Management LLC 
--------------------------------  ------------------------  ------------------------  --------------------- 
 
 
 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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August 21, 2017 09:31 ET (13:31 GMT)