Holding(s) in Company

RNS Number : 2026O

Drax Group PLC

05 February 2021

 

TR-1: S tandard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :			Drax Group plc
1b. Please indicate if the issuer is a non-UK issuer   (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii: Type 1 & Type 3 disclosure as per the Transparency Directive II regulation						X
3. Details of person subject to the notification obligation iv
Name			Schroders plc
City and country of registered office (if applicable)			London, UK
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi :			03.02.2021
6. Date on which issuer notified (DD/MM/YYYY):			04.02.2021
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer vii
Resulting situation on the date on which threshold was crossed or reached	14.465%	0.001%		14.466%	397,008,819
Position of previous notification (if applicable)	14.024%	0.001%		14.026%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
GB00B1VNSX38				57,426,898					14.465%
SUBTOTAL 8. A		57,426,898					14.465%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash settlement xii			Number of voting rights	% of voting rights
CFD	N/A		N/A		CASH			4,761	0.001%
					SUBTOTAL 8.B.2			4,761	0.001%

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv (please add additional rows as necessary)				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Schroders plc
Schroder Administration Limited
Schroder Wealth Holdings Limited
Schroder & Co. Limited
Schroders plc
Schroder Administration Limited
Schroder Wealth International Holdings Limited
Schroders (C.I.) Limited
Schroders plc
Schroder Administration Limited
Schroder International Holdings Limited
Schroder Investment Management Limited	14.002%		14.003%
Schroders plc
Schroder Administration Limited
Schroder International Holdings Limited
Schroder Investment Management Limited
Schroder Investment Management North America Limited
Schroders plc
Schroder Administration Limited
Schroder International Holdings Limited
Schroder Wealth Management (US) Limited
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
This disclosure is being made due to a legal entity, Schroder Investment Management Limited, crossing above the 14% threshold

Place of completion	London
Date of completion	04.02.2021

 

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