Holding(s) in Company

RNS Number : 3175X

Drax Group PLC

23 June 2008

 



TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:						Drax Group Plc
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights									Yes
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to notification obligation:			Lloyds TSB Group Plc
4. Full name of shareholder(s) (if different from 3):			Boltro Nominees Ltd Lloyds Bank (PEP) Nominees Ltd State Street Nominees Ltd
5. Date of transaction (and date on which the threshold is crossed or reached if different):			20th June 2008
6. Date on which issuer notified:			23rd June 2008
7. Threshold(s) that is/are crossed or reached:			Fallen below 4%
8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use 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			Percentage of voting rights
					Direct		Indirect	Direct			Indirect
B1VNSX3  Ord GBP0.1155172	13,661,365	13,661,365		13,551,817			13,551,817			3.993

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights

Total (A+B)
Number of voting rights	Percentage of voting rights
13,551,817	3.993

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

4,615 Shares are held by Boltro Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc. 7,464 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.  13,539,738 Shares are held by State Street Nominees Ltd. Shares are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

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. Additional information:
14 Contact name:	Phil White - Assistant Company Secretary
15. Contact telephone name:	[phone]

 

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