Drax Group PLC
15 October 2007
15 October 2007
DRAX GROUP PLC
('Drax' or the 'Company')
Symbol: DRX
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of Issuer
Drax Group plc
2. Reason for notification
An event changing the breakdown of voting rights
3. Full name of person(s) subject to the notification obligation
Legal & General Group Plc (L&G)
4. Full name of the shareholder(s) (if different from 3 above)
Legal & General Assurance (Pensions Management) Limited (PMC)
5. Date of the Transaction
11 October 2007
6. Date on which issuer notified
12 October 2007
7. Threshold(s) that is /are crossed or reached
From 3% - 4%
8. Notified Details
(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 13,831,485
% of Voting Rights (Direct) - 4.00%
(B) Financial Instruments
-
Total (A)+(B)
Total number of Voting Rights - 13,831,485
Total % of Voting Rights - 4.00%
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held
Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and
Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (13,831,485 = 4.00% = LGAS, LGPL &
PMC)
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD)
(12,071,499 - 3.49% = PMC)
Legal & General Insurance Holdings Limited (Direct) (LGIH)
Legal & General Assurance (Pensions Management) Limited (PMC) (12,071,499 -
3.49% = PMC)
Legal & General Assurance Society Limited (LGAS & LGPL)
Legal & General Pensions Limited (Direct) (LGPL)
Proxy Voting
10. Name of 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. Any additional information
The previous notification made by L&G in respect of its holding in Drax was on
11 October 2007, at which point, the disclosable interest and voting rights
represented 3.99% of the then issued share capital
This notification was triggered by Drax's recently inroduced share buy back
programme and all figures contained in this notification are based on shares in
issue and voting rights attached thereto of 345,560,804 ordinary shares of
11 16/29 pence each.
14. Name of contact and telephone number for queries
Phil White (01757 612167)
15. Name and signature of authorised company official responsible for making
this notification
Philip Hudson, Company Secretary
---ENDS---
This information is provided by RNS
The company news service from the London Stock Exchange
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