Holding(s) in Company

RNS Number : 9915Y

Drax Group PLC

14 July 2008

 



14 July 2008

Drax Group plc

Symbol: DRX

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):

11th July 2008

6. Date on which issuer notified:

14th July 2008

7. Threshold(s) that is/are crossed or reached:

Fallen Below 3%

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

10,412,602

10,412,602

10,175,605

10,175,605

2.998

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

10,175,605

2.998

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

4,377 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. 7,365 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.  10,163,863 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 Secretary

15. Contact telephone name:

[phone]

 

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