Holding(s) in Company

RNS Number : 1567Q

Drax Group PLC

13 October 2011

 



13 October 2011
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: ii									Drax Group plc
2.   Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights									ü
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: iii									Schroders plc
4.   Full name of shareholder(s)  (if different from 3.): iv
5.   Date of the transaction and date on which the threshold is crossed or reached: v									12 October 2011
6.   Date on which issuer notified:									13 October 2011
7.   Threshold(s) that is/are crossed or reached: vi, vii									Above 5%
8.   Notified details:
A: Voting rights attached to shares viii, ix
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 x
					Direct		Direct xi	Indirect xii	Direct	Indirect
Ordinary GB00B1VNSX38	20,231,104		18,242,040		20,408,261		N/A	18,324,346	N/A	5.022%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date xiii	Exercise/ Conversion Period xiv		Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
CFD					94,851				0.026%
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price	Expiration date xvii		Exercise/ Conversion period xviii	Number of voting rights instrument refers to			% of voting rights xix, xx
									Nominal		Delta
Total (A+B+C)
Number of voting rights					Percentage of voting rights
18,419,197					5.048%
9.   Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Schroder Investment Management Limited     17,948,446   4.919% Schroder Investment Management Limited (NA) Limited  346,416   0.095% Schroder & Co Limited   29,484   0.008%
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:				As advised by Schroder plc, the shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements.
14.  Contact name:				Phil White, Deputy Company Secretary
15.  Contact telephone number:				01757 612167

 

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