Drax Group PLC Holding(s) in Company (9984E)

TIDMDRX TIDMSDR

RNS Number : 9984E

Drax Group PLC

15 February 2018

15 February 2018

Drax Group plc

(Symbol:DRX)

NOTIFICATION OF MAJOR INTEREST IN SHARES

 
 1a. Identity of the issuer                                          Drax Group plc 
  or the underlying 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 the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                 X 
-------------------------------------------------------------------------------------  ------------- 
 An acquisition or disposal of financial instruments 
-------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(iii) : Type 1 Disclosure                                             X 
  as per the Transparency Directive II Regulation. 
-------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                                Schroders plc 
 City and country of registered                                        London, UK 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name 
-------------------------------------------------  ------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
-------------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                                        13.02.2018 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                                      14.02.2018 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                               % of voting            % of voting        Total of       Total number 
                              rights attached       rights through       both in %       of 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                     14.989%                  N/A             14.989%       407,034,429 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)                    15.992%                  N/A             15.992% 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 
 
 
 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 
  ISIN code (if 
  possible) 
----------------- 
                        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                         61,010,745                                            14.989% 
-----------------  ---------------  --------------  ----------------------------------  -------------- 
 
 
 SUBTOTAL 8. 
  A                           61,010,745                                  14.989% 
-----------------  -------------------------------  -------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
------------------------------------------------------------------------------------------------------ 
 Type of            Expiration       Exercise/       Number of voting                    % of voting 
 financial           date(x)          Conversion      rights that                         rights 
 instrument                           Period(xi)      may be acquired 
                                                      if the instrument 
                                                      is 
                                                      exercised/converted. 
-----------------  ---------------  --------------  ----------------------------------  -------------- 
 
 
 
                                     SUBTOTAL 8. 
                                      B 1 
                                    --------------  ----------------------------------  -------------- 
 
 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) 
----------------  ----------------  --------------  ----------------  ----------------  -------------- 
 
 
 
                                                     SUBTOTAL 
                                                      8.B.2 
                                                    ----------------  ----------------  -------------- 
 
 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                or is higher 
                              higher than              instruments           than the notifiable 
                            the notifiable            if it equals                threshold 
                               threshold              or is higher 
                                                        than the 
                                                       notifiable 
                                                        threshold 
-----------------  -------------------------------  ----------------  -------------------------------- 
 Schroders plc 
-----------------  -------------------------------  ----------------  -------------------------------- 
 Schroder 
 Administration 
 Limited 
-----------------  -------------------------------  ----------------  -------------------------------- 
 Schroder Wealth 
 Holdings Limited 
-----------------  -------------------------------  ----------------  -------------------------------- 
 Schroder & Co. 
  Limited 
-----------------  -------------------------------  ----------------  -------------------------------- 
 
 Schroders plc 
-----------------  -------------------------------  ----------------  -------------------------------- 
 Schroder 
 Administration 
 Limited 
-----------------  -------------------------------  ----------------  -------------------------------- 
 Schroder 
 International 
 Holdings Limited 

-----------------  -------------------------------  ----------------  -------------------------------- 
 Schroder 
  Investment 
  Management 
  Limited                      14.736%                     N/A                     14.736% 
-----------------  -------------------------------  ----------------  -------------------------------- 
 
 10. In case of proxy voting, please identify: 
------------------------------------------------------------------------------------------------------ 
 Name of the proxy holder 
--------------------------------------------------  -------------------------------------------------- 
 The number and % of voting 
  rights held 
--------------------------------------------------  -------------------------------------------------- 
 The date until which the voting 
  rights will be held 
--------------------------------------------------  -------------------------------------------------- 
 
 
 
 11. Additional information: 
------------------------------------------------------- 
 Place of completion          London 
---------------------------  -------------------------- 
 Date of completion           14.02.2018 
---------------------------  -------------------------- 
 Contact name:                Laura Dobson 
                               Deputy Company Secretary 
                               (Drax Group plc) 
---------------------------  -------------------------- 
 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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February 15, 2018 04:53 ET (09:53 GMT)