Drax Group PLC
25 March 2008
25 March 2008
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 acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation
Legal & General Group Plc (Group)
Legal & General Investment Management Limited (LGIM)
4. Full name of the shareholder(s) (if different from 3 above)
Legal & General Assurance (Pensions Management) Limited (PMC)
Legal & General Group Plc (Group)
5. Date of the Transaction
19 March 2008
6. Date on which issuer notified
20 March 2008
7. Threshold(s) that is /are crossed or reached
Above 5% (Group)
Above 5% (LGIM)
8. Notified Details
(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 16,630,762
% of Voting Rights (Direct) - 4.90%
Number of Voting Rights (Indirect) - 1,479,462
% of Voting Rights (Indirect) - 0.43%
(B) Financial Instruments
-
Total (A)+(B)
Total number of Voting Rights - 18,110,224
Total % of Voting Rights - 5.33%
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held
Legal & General Group Plc (Group)
(Direct and Indirect) - (18,110,224 - 5.33%)
Legal & General Investment Management (Holdings) Limited (LGIMH)
(Direct and Indirect) - (18,110,224 - 5.33%)
Legal & General Investment Management Limited (LGIM)
(Indirect) - (18,110,224 - 5.33% = Total Position)
Legal & General Group Plc (L&G)
(Direct) - (16,630,762 = 4.90% = LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited (LGIMHD)
(Direct) - (13,474,119 - 3.97% = PMC)
Legal & General Insurance Holdings Limited (Direct) (LGIH)
Legal & General Assurance (Pensions Management) Limited (PMC)
(13,474,119 - 3.97% = PMC)
Legal & General Assurance Society Limited (LGAS & LGPL)
Legal & General Pensions Limited (Direct) (LGPL)
Proxy Voting
10. Name of 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. Any additional information
This notification is based on shares in issue and voting rights attached thereto
of 339,397,000 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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.