Holding(s) in Company

RNS Number : 7649D
Drax Group PLC
08 December 2009
 







TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



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

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


BlackRock Inc.

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

N/A

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

reached:
 v

1st December 2009

6. Date on which issuer notified:

4th December 2009

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

Holding has gone above 5%

  

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

V
oting
Rights

Number
of shares

Number of voting
rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1VNSX38

N/A

N/A

N/A

N/A

26,366,063

N/A

7.72%


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


CFD

    




2,000,401


Nominal

Delta

0.55%



Total (A+B+C)

Number of voting rights

Percentage of voting rights

28,366,464

7.77%

  

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


On 1 December 2009, the Barclays Global Investors (BGI) business was acquired by BlackRock, Inc. The combined holdings of BlackRock, Inc. following this acquisition triggered this disclosure requirement.


BlackRock Investment Management (UK) Limited - 28,366,464 (7.77%) 



Proxy Voting:

10. Name of the 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. Additional information:




14. Contact name:

Philip Hudson - Company Secretary

15. Contact telephone number:

01757 612917

  

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share


A: Identity of the persons or legal entity subject to the notification obligation

Full name 

(including legal form of legal entities)


BlackRock Inc

Contact address 

(registered office for legal entities)


33 King William StreetLondon EC4R 9AS

Phone number & email


020 7743 5741; stuart.watchorn@blackrock.com

Other useful information 

(at least legal representative for legal persons)


Stuart Watchorn



B: Identity of the notifier, if applicable

Full name



Contact address



Phone number & email



Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)



C: Additional information


For notes on how to complete form TR-1 please see the FSA website. 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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