Drax Group PLC Holding(s) in Company (0920X)
February 16 2017 - 7:02AM
UK Regulatory
TIDMDRX
RNS Number : 0920X
Drax Group PLC
16 February 2017
16 February 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 No
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
---------------------------------------------------------- -----------------
An acquisition or disposal of instruments with No
similar economic effect to qualifying financial
instruments
---------------------------------------------------------- -----------------
An event changing the breakdown of voting rights No
---------------------------------------------------------- -----------------
Other (please specify): No
-------------------------------------------------------- -----------------
3. Full name of person(s) subject to Invesco Limited
the notification obligation: (iii)
--------------------------------------------------------- ------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
--------------------------------------------------------- ------------------
5. Date of the transaction and date 15 February 2017
on which the threshold is crossed or
reached: (v)
--------------------------------------------------------- ------------------
6. Date on which issuer notified: 16 February 2017
--------------------------------------------------------- ------------------
7. Threshold(s) that is/are crossed
or reached: (vi, vii) 20%
--------------------------------------------------------- ------------------
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 voting rights (x)
Shares Voting shares rights
Rights
------------- -------------------------- ---------------- ---------- ---------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- --------- ----------- ------------ ---------- --------- ----------- ------------ -----------
Ordinary
11.55172p
Shares
GB00B1VNSX38 85,477,038 85,477,038 84,800,663 20.85%
-------------------------- ---------------- ---------- --------- ----------- ------------ -----------
B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (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
------------------------------------------------------------- -----------------------------------------------------------
84,800,663 20.85%
------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-----------------------------------------------------------------------
Invesco Asset Management Limited - 84,583,738
Invesco PowerShares Capital Management LLC - 216,925
Proxy Voting:
-----------------------------------------------------------------------
10. Name of the proxy holder: Invesco Limited
------------------------------------------- --------------------------
11. Number of voting rights proxy n/a
holder will cease to hold:
------------------------------------------- --------------------------
12. Date on which proxy holder will n/a
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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