Holding(s) in Company

RNS Number : 6751R
Drax Group PLC
26 August 2010
 



26 August 2010

Drax Group plc

(Symbol:DRX)

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 

Drax Group plc

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 the
notification obligation:

 

Orbis Holdings Limited

(parent)

 

Orbis Asset Management Limited

(investment manager and controlled undertaking)

 

Orbis Investment Management Limited

(investment manager and controlled undertaking)

 

4. Full name of shareholder(s)
 (if different from 3.):

 

Vidacos Nominees Limited

 

HSBC Custody Nominees (Australia) Ltd

 

BNP Paribas Securities Services Nominees Limited

 

 

5. Date of the transaction and date on which the threshold is crossed or reached:

 

24 August 2010

6. Date on which issuer notified:

25 August 2010

7. Threshold(s) that is/are crossed or reached:

 

3%



 

8. Notified details:

 

A: Voting rights attached to shares

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

 

Number
of shares

Number of voting
rights

% of  voting rights

Direct

Indirect

Direct

Indirect

 

GBP 0.1155172

GB00B1VNSX38

 

10,795,596

10,795,596



11,221,474


3.08%


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

 

Type of financial
instrument

 

Expiration
date

 

Exercise/
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

 

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

 

Type of financial
instrument

 

 

Exercise price

 

Expiration date

 

Exercise/
Conversion period

 

Number of voting rights instrument refers to

 

 

% of voting rights

 

 

 




 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

 

11,221,474

 

3.08%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

 

Orbis Asset Management Limited is a controlled undertaking of Orbis Holdings Limited.

 

Orbis Investment Management Limited is a controlled undertaking of Orbis Holdings Limited.

 


Proxy Voting:

10. Name of the proxy holder:

 

N/A

11. Number of voting rights proxy holder will cease to hold:

 

N/A

12. Date on which proxy holder will cease to hold voting rights:

 

N/A



13. Additional information:

Notification using the total voting rights figure of  364,853,890

14. Contact name:

Phil White

Deputy Company Secretary

15. Contact telephone number:

01757 612167

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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