Holding(s) in Company

RNS Number : 8614M

Drax Group PLC

25 January 2016

 

25 January 2016

Drax Group plc

(Symbol:DRX)

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:		Schroders plc
4. Full name of shareholder(s) (if different from 3.)		Schroder Investment Management Limited
5. Date of the transaction and date on which the threshold is crossed or reached:		20 January 2016
6. Date on which issuer notified:		22 January 2016
7. Threshold(s) that is/are crossed or reached:		From 13% to 14%

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

Direct

Indirect

Direct

Indirect

Ordinary 11.5517p Shares GB00B1VNSX38

56,300,364

56,300,364

57,318,965

n/a

57,318,965

n/a

14.107%

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

57,318,965

14.107%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Schroder Investment Management Limited 57,318,965 14.107%
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:	This notification is being made on the based on the legal entity position crossing above 13%. Schroders Plc's position remains as per the previous disclosure. 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.  This disclosure has been calculated by Schroder based on the issued share capital amount 406,317,162.
14. Contact name:	Phil White Deputy Company Secretary
15. Contact telephone number:	01757 612167

 

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