Drax Group PLC
15 February 2007
15 FEBRUARY 2007
Legal & General Group plc has today provided the following information in
respect of the Disclosure and Transitional Rules Provisions which apply to Rule
5.8.3R
DRAX GROUP PLC
('Drax' or the 'Company')
Symbol: DRX
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of Issuer
Drax Group plc
2. Reason for notification
'Starting point' declaration under the DTR Source Book
3. Full name of person(s) subject to the notification obligation
Legal & General Group plc (L&G)
4. Full name of the shareholder(s) (if different from 3 above)
-
5. Date of the Transaction
-
6. Date on which issuer notified
15 February 2007
7. Threshold(s) that is /are crossed or reached
Above 3%
8. Notified Details
(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 12,904,409
% of Voting Rights (Direct) - 3.49%
(B) Financial Instruments
-
Total (A)+(B)
Total number of Voting Rights - 12,904,409
Total % of Voting Rights - 3.49%
9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held
Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and
Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (12,904,409-3.49% = LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD)
Legal & General Insurance Holdings Limited (Direct) (LGIH)
Legal & General Assurance (Pensions Management) Limited (PMC)
Legal & General Assurance Society Limited (LGAS & LGPL)
Legal & General Pensions Limited (Direct) (LGPL)
Proxy Voting
10. Name of 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. Any additional information
This is the first disclosure made on behalf of L&G since the implementation of
the Disclosure and Transparency rules in the UK
The previous notification made by L&G in respect of its holding in Drax was on
28 August 2006, at which point, the disclosable interest was 13,625,12 shares
representing 3.34% of the issued share capital, where the ordinary shares were
10 pence each
All figures in boxes 7, 8 and 9 are based on shares in issue and voting rights
attached thereto of 368,921,151 ordinary shares of 11 1/29 pence each.
14. Name of contact and telephone number for queries
Phil White (01757 612167)
15. Name and signature of authorised company official responsible for making
this notification
Peter Rothwell, Company Secretary
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
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