Holding(s) in Company

RNS Number : 7466P
Drax Group PLC
22 July 2010
 



22 July 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 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

19 July 2010

 

 

6. Date on which issuer notified:

21 July 2010

 

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
Voting Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1VNSX38

13,465,605

13,465,605

N/A

N/A

17,535,655

N/A

4.81%


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

           



1,530,451

Nominal

Delta

0.42%

0.42%


Total (A+B+C)

 

Number of voting rights

 

Percentage of voting rights

19,066,106

 

5.23%

 

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 - 19,066,106 (5.23%)

 


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:

Stuart Watchorn

BlackRock Threshold Reporting Team

020 7743 5741; stuart.watchorn@blackrock.com

Provided the information

 

14. Contact name:

Phil White

Deputy Company Secretary

 

15. Contact telephone number:

01757 612167

 

 


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