Drax Group PLC Holding(s) in Company (6015Y)
March 06 2017 - 4:45AM
UK Regulatory
TIDMDRX TIDMSDR
RNS Number : 6015Y
Drax Group PLC
06 March 2017
06 March 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):
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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 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 02.03.2017
which the threshold is crossed or reached:
----------------------------------------------- -------------------------
6. Date on which issuer notified: 03.03.2017
----------------------------------------------- -------------------------
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 62,338,377 62,284,765 66,012,024 n/a 65,929,952 n/a 16.211%
-------------------------- ---------------- --------------- ------- ----------- -------- -----------
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 82,072 Nominal Delta
--------------- ----------- --------------- -------------- ----------------------------------- ---------- ---------
0.02% 1
------------- --------- ----------- ------------ ----------- ------- ----------- ---------- ---------
Total (A+B+C)
-------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- ----------------------------------------------------------
66,012,024 16.231%
------------------------------------------------------------- ----------------------------------------------------------
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 64,962,362 15.973%
------------------------ ----------- --------
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 406,702,537.
----------------------------------------------------------------- -----------------------------------------
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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