Holding(s) in Company

RNS Number : 6912Q

Drax Group PLC

01 December 2016

 

01 December 2016

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 Allan Gray Limited (parent) Orbis Investment Management Limited (investment manager and controlled undertaking) Orbis Asset Management Limited (investment manager and controlled undertaking) Orbis Portfolio Management (Europe) LLP (investment manager and controlled undertaking)
4. Full name of shareholder(s)  (if different from 3.):		Vidacos Nominees Limited
5. Date of the transaction and date on which the threshold is crossed or reached:		29 November 2016
6. Date on which issuer notified:		30 November 2016
7. Threshold(s) that is/are crossed or reached:		5%

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

20,471,875

20,471,875

20,241,875

4.98%

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

20,241,875

4.98%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Orbis Investment Management Limited, Orbis Asset Management Limited and Orbis Portfolio (Europe) LLP are controlled undertakings of Orbis Allan Gray Limited.
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:
14. Contact name:	Laura Dobson Deputy Company Secretary
15. Contact telephone number:	01757 612778

 

END

 

 

HOLKFLBBQLFEFBQ