Holding(s) in Company

RNS Number : 1255C

Drax Group PLC

01 March 2011

 



1 March 2011

Drax Group plc

(Symbol:DRX)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii		Drax Group PLC
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments			X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		BlackRock Inc.
4. Full name of shareholder(s)  (if different from 3.):iv		N/A
5. Date of the transaction and date on which the threshold is crossed or reached: v		28 February 2011
6. Date on which issuer notified:		1 March 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		Holding has gone above 10%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the 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

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1VNSX38

17,535,655

17,535,655

N/A

N/A

30,242,941

N/A

8.29%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

CFD

6,499,034

Nominal

Delta

1.78%

1.78%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

36,741,975

10.07%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
BlackRock Investment Management (UK) Limited - 36,741,975 (10.07%)
Proxy Voting:
10. Name of the 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:	Andrew Manchester, BlackRock IntrnationalThreshold Reporting Team; 020 7743 5773; Provided the information
14. Contact name:	Philip Hudson Company Secretary
15. Contact telephone number:	01757 612917

 

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