Shareholder Circular including Notice of GM

RNS Number : 4963U

Drax Group PLC

18 January 2017

 

18 January 2017

DRAX GROUP PLC

(Symbol: DRX)

Publication of Circular and Notice of General Meeting in relation to the proposed acquisition of Opus Energy Group Limited

On 6 December 2016, Drax Group plc ("Drax" or the "Company") announced that it had entered into a binding conditional agreement to purchase the entire issued share capital of Opus Energy Group Limited ("Opus Energy") (the "Acquisition"). Drax is pleased to announce that a Circular in relation to the Acquisition (the "Circular") has been published.

The Acquisition is subject to the approval of the shareholders of the Company and, accordingly, the Circular contains a notice convening a general meeting of the Company to be held at The Grand Hotel & Spa, Station Rise, York YO1 6GD on 8 February 2017 at 10:00 am.

The Circular, which has been produced in accordance with the Listing Rules of the Financial Conduct Authority, will shortly be available on the Company's website at www.drax.com. In accordance with Listing Rule 9.6.1 a copy of the Circular has been submitted to the National Storage Mechanism and will be available shortly at www.morningstar.co.uk/uk/NSM. Printed copies of the Circular will be posted to shareholders who have elected to receive them.

Expected timetable of principal events⁽¹⁾    

Latest time and date for receipt of Forms of Direction		10:00 am on 3 February  2017
Latest time and date for receipt of Forms of Proxy or Crest Proxy Instructions		10:00 am on 6 February 2017
General Meeting		10:00 am on 8 February 2017
Expected date of Completion		10 February 2017
Announcement of Drax Preliminary results for the year ended 31 December 2016		16 February 2017

Enquiries:

Drax Investor Relations 

[phone]

Mark Strafford

J.P. Morgan Cazenove (acting as exclusive financial adviser to Drax in connection with the proposed acquisition of Opus Energy and as Drax's corporate broker):

[phone]

Robert Constant

Carsten Woehrn

Wendy Hohmann

Drax Media

[phone]

Paul Hodgson

Website: www.drax.com

Notes:

(1)   Future dates are indicative only and are subject to change by Drax, in which event details of the new times and dates will be notified to the Financial Conduct Authority and, where appropriate, shareholders.

(2)   References to time in this announcement are to London time.

(3)   J.P. Morgan Limited (which conducts its UK investment banking activities as J.P. Morgan Cazenove), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Drax and for no one else in connection with the Acquisition and will not regard any other person (whether or not a recipient of this document) as a client in relation to the Acquisition and will not be responsible to anyone other than Drax for providing the protections afforded to customers of J.P. Morgan Cazenove or for affording advice in relation to the Acquisition, the contents of this document or any transaction, arrangement or other matter referred to in this document.

END

 

END

 

 

NOGDMGMMFRGGNZM