TR-1: Notifications of Major Interests in Shares |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Drax Group Plc |
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2. Reason for notification (yes/no) |
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An acquisition or disposal of voting rights |
Yes |
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An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to notification obligation: |
Barclays Global Investors |
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4. Full name of shareholder(s) (if different from 3): |
Barclays Global Fund Advisors Barclays Global Investors Ltd Barclays Global Investors, N.A. |
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5. Date of transaction (and date on which the threshold is crossed or reached if different): |
02 September 2008 |
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6. Date on which issuer notified: |
04 September 2008 |
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7. Threshold(s) that is/are crossed or reached: |
5% to 3% |
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8: Notified Details |
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A: Voting rights attached to shares |
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Class/type of shares If possible use ISIN code |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
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Number of shares |
Number of voting rights |
Number of shares |
Number of voting rights |
Percentage of voting rights |
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Direct |
Indirect |
Direct |
Indirect |
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GB00B1VNSX38 |
16,970,825 |
16,970,825 |
13,490,406 |
0 |
13,490,406 |
0 |
3.97 |
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B: Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date |
Exercise/ conversion period/date |
No. of voting rights that may be acquired (if the instrument exercised/converted) |
Percentage of voting rights |
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Total (A+B) |
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Number of voting rights |
Percentage of voting rights |
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13,490,406 |
3.97 |
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9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: |
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Barclays Global Fund Advisors Barclays Global Investors Ltd Barclays Global Investors, N.A. |
Proxy Voting: |
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10. Name of proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
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14 Contact name: |
Phil White - Assistant Company Secretary |
15. Contact telephone name: |
+44 (0) 1757 618381 |