Holding(s) in Company

RNS Number : 7796U
Drax Group PLC
31 July 2015
 



31 July 2015

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 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

 

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

 

29 July 2015

6. Date on which issuer notified:

31 July 2015

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

 

6%



 

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

GB00B1VNSX38

24,280,622

24,280,622



24,454,140


6.02%


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

24,454,140

6.02%



 

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

 

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:


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
 
 
HOLZFLFXEDFXBBB

Companies

Drax Group (DRX)
UK 100

Latest directors dealings