Drax Group PLC - Major Shareholding Notification 2015

National Storage Mechanism | Additional information

RNS Number : 7796U

Drax Group PLC

31 July 2015

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 Holdings Limited (parent) 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:	29 July 2015
6. Date on which issuer notified:	31 July 2015
7. Threshold(s) that is/are crossed or reached:	6%


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	24,280,622			24,280,622						24,454,140			6.02%

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
24,454,140								6.02%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
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

This information is provided by RNS

The company news service from the London Stock Exchange

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