Interim Management Statement

RNS Number : 1212B

Drax Group PLC

21 October 2009

 



21 October 2009

Drax Group plc

("Drax" or the "Company")

Symbol:DRX

Interim Management Statement

Drax today publishes its interim management statement for the period from 1 July 2009 to date.

Since publishing our Half Year Results on 4 August, trading conditions in the commodity markets in which we operate remain challenging. However, given our strong forward contracted position, we continue to trade in line with expectations for the current year. 

Other than the refinancing of the group's debt facilities, details of which were included in the Half Year Results published on 4 August, there have been no material events or transactions, nor any material change in the underlying financial position of the group during the period.

We will issue a pre close statement on 16 December 2009 in which we will update the market on the Group's positions under contract for 2009, 2010 and 2011.

Enquiries:

For further information please contact:

Andrew Koss, Investor Relations                 [phone]

Melanie Wedgbury, Media Contact              [phone]

Mike Harrison / Nick Claydon, Brunswick    [phone]        

Website:    www.draxgroup.plc.uk

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