Holding(s) in Company

RNS Number : 8367M

Drax Group PLC

01 June 2010

 



1 June 2010

Drax Group plc

(Symbol: DRX)

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				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				X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the otification 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:			26th May 2010
6. Date on which issuer notified:			28th May 2010
7. Threshold(s) that is/are crossed or reached: vi, vii			Holding has gone below 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 Voting Rights		Number of shares		Number of voting rights		% of  voting rights x
					Direct		Direct xi	Indirect xii	Direct		Indirect
GB00B1VNSX38	26,366,063		26,366,063		N/A		N/A	13,465,605	N/A		3.69%
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						440,350				Nominal	Delta
										0.12%	0.12%
Total (A+B+C)
Number of voting rights						Percentage of voting rights
13,905,955						3.81%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
BlackRock Investment Management (UK) Limited - 13,905,955 (3.81%)
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:	Phil White
15. Contact telephone number:	01757 612167

 

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