Drax Group PLC
19 March 2007
19 MARCH 2007
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
Transparency Directive Transitional Provisions
3. Full name of person(s) subject to the notification obligation
Capital Group International, Inc.
4. Full name of the shareholder(s) (if different from 3 above)
-
5. Date of the Transaction
15 March 2007
6. Date on which issuer notified
19 March 2007
7. Threshold(s) that is /are crossed or reached
3%
8. Notified Details
(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 0
% of Voting Rights (Direct) - 0%
Number of Voting Rights (Indirect) - 11,615,844
% of Voting Rights (Indirect) - 3.1486%
(B) Financial Instruments
-
Total (A)+(B)
Total number of Voting Rights - 11,615,844
Total % of Voting Rights - 3.1486%
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held
-
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 Capital Group International, Inc.
('CGII'), since the implementation of the Disclosure and Transparency Rules in
the UK.
Previously, The Capital Group Companies, Inc. ('CGCI') had reported its
consolidated position of holdings through CGII and Capital Research and
Management Company ('CRMC'). CGCI last notified its consolidated position to
Drax on 31 January 2006 at which point it had an interest in 5.37% of Drax's
share capital.
CGCI has advised Drax that the ownership of securities through CGII and CRMC
will now be reported separately.
All figures 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
FDXBLBBD
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