Holding(s) in Company

RNS Number : 3851K
Drax Group PLC
24 June 2014
 



24 June 2014

 

Drax Group plc

(Symbol:DRX)

 

NOTIFICATION OF MAJOR INTEREST IN SHARES

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

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: iii

Woodford Investment Management LLP

4. Full name of shareholder(s)
 (if different from 3.):iv

State Street as custodian for several St James's Place funds Northern Trust as custodian for the CF Woodford Equity Income Fund

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

20 June 2014

6. Date on which issuer notified:

23 June 2014

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

3%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary

11.55172p Shares

 

GB00B1VNSX38

 

12,024,557




12,360,342


3.05


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 






Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,360,342

3.05

 

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

 

Woodford Investment Management LLP is the investment manager for certain St James's Place funds and the CF Woodford Equity Income Fund, and as such is entitled to exercise the voting rights attached to the shares


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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