Holding(s) in Company

RNS Number : 4591D

Drax Group PLC

23 March 2011

 



23 March 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:

Drax Group plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

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

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

21 March 2011

6. Date on which issuer notified:

22 March 2011

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

4%

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

11,221,474

11,221,474

14,724,786

4.04%

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

14,724,786

4.04%

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:

14. Contact name:

Phil White, Deputy Company Secretary

15. Contact telephone number:

01757 612167

 

END

 

 

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