22 March 2011
Drax Group plc
(Symbol:DRX)
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii
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Drax Group PLC |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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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 the notification obligation: iii |
BlackRock, Inc. |
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4. Full name of shareholder(s) (if different from 3.):iv |
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5. Date of the transaction and date on which the threshold is crossed or reached: |
18th March 2011 |
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6. Date on which issuer notified: |
22nd March 2011 |
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7. Threshold(s) that is/are crossed or reached: vi, vii |
Holding has gone above 10% |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous to the triggering transaction |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct |
Indirect xii |
Direct |
Indirect |
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GB00B1VNSX38 |
30,796,661 |
30,796,661 |
N/A |
N/A |
31,258,417 |
N/A |
8.57% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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CFD |
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5,342,984 |
Nominal |
Delta |
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1.46% |
1.46% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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36,601,401 |
10.03% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
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BlackRock Investment Management (UK) Limited - 36,601,401 (10.03%)
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Proxy Voting: |
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10. Name of the 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: |
BlackRock International Threshold Reporting Team provided this information |
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14. Contact name: |
Phil White, Deputy Company Secretary |
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15. Contact telephone number: |
01757 612167 |
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