Drax Group PLC Holding(s) in Company (6912Q)
01 December 2016 - 8:58PM
UK Regulatory
TIDMDRX
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 Drax Group plc
the underlying issuer
of existing shares to which
voting rights are
attached:
---------------------------------------------------------- -------------------------------------
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) Orbis Allan Gray Limited (parent)
subject to the
notification obligation: 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) Vidacos Nominees Limited
(if different from 3.):
---------------------------------------------------------- -------------------------------------
29 November 2016
5. Date of the transaction
and date on which the threshold
is crossed or reached:
---------------------------------------------------------- -------------------------------------
6. Date on which issuer 30 November 2016
notified:
---------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are
crossed or reached: 5%
---------------------------------------------------------- -------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
-------------- -------------------------------------- --------------------------------------------------------------
Number Number Number of voting % of voting
of of rights rights
Shares Voting
Rights
-------------- ------------------- ----------------- ------------- ------------------------ ---------------------
Number Direct Indirect Direct Indirect
of
shares
-------------- --------------- ------------- ------------- ---------- ------------ ---------- ---------
GB00B1VNSX38 20,471,875 20,471,875 20,241,875 4.98%
-------------- ------------------- ----------------- ------------- ---------- ------------ ---------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Number of voting
Type of Expiration Exercise/ rights that % of voting
financial date Conversion may be rights
instrument Period acquired if
the
instrument
is
exercised/
converted.
------------------ ------------------- ------------------------------ ------------------------ -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
---------------- ------------------- --------------- ------------- ------------------------ ---------------------
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
--------------------------------------------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLKFLBBQLFEFBQ
(END) Dow Jones Newswires
December 01, 2016 04:58 ET (09:58 GMT)
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