Drax Group PLC Holding(s) in Company (8787I)

TIDMDRX

RNS Number : 8787I

Drax Group PLC

22 June 2017

22 June 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: (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 
  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) subject to                       Artemis Investment 
  the notification obligation: (iii)                         Management LLP 
                                                             on behalf of discretionary 
                                                             funds under management 
---------------------------------------------------------  ----------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  ----------------------------- 
 5. Date of the transaction and date                        20 June 2017 
  on which the threshold is crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------------------- 
 6. Date on which issuer notified:                          21 June 2017 
---------------------------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are crossed 
  or reached: (vi, vii)                                     5% 
---------------------------------------------------------  ----------------------------- 
 
 
 
 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 shares       voting                  rights (x) 
                  Shares                      Voting                           rights 
                                              Rights 
--------------  --------------------------  ----------------  -------------  ----------------------  ----------------------- 
                                                               Direct         Direct     Indirect     Direct      Indirect 
                                                                              (xi)        (xii) 
--------------      ---------  -----------      ------------  -------------  ---------  -----------  ----------  ----------- 
 
  GB00B1VNSX38   20,394,492                  20,394,492        20,329,815     0          20,329,815   0%          4.99% 
                --------------------------  ----------------  -------------  ---------  -----------  ----------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration                Exercise/                        Number of voting        % of voting 
  instrument          date                      Conversion                       rights that             rights 
                      (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 
--------------------------------------------------------------  ------------------------------------------------------------ 
 20,329,815                                                      4.99% 
--------------------------------------------------------------  ------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------------- 
 
 
 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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June 22, 2017 06:04 ET (10:04 GMT)