Div Timetable, Circular & EGM
Drax Group PLC
14 September 2006
DRAX GROUP PLC
(the 'Company')
(Symbol: DRX)
SHARE CONSOLIDATION RATIO
EXPECTED TIMTETABLE OF PRINCIPAL EVENTS RELATING TO THE INTERIM AND SPECIAL
DIVIDENDS, SHARE CONSOLIDATION AND EXTRAORDINARY GENERAL MEETING
MAILING OF INTERIM REPORT AND CIRCULAR TO SHAREHOLDERS
EXTRAORDINARY GENERAL MEETING
Share Consolidation Ratio
--------------------------
Following the announcement regarding the Interim Results, Interim and Special
Dividends and Share Consolidation made by the Company on 12 September 2006, the
Company now advises that, based on the closing price of the Company's shares on
13 September 2006:
• The Share Consolidation will replace 32 Existing Ordinary Shares with 29
New Ordinary Shares; and
• The nominal value of the New Ordinary Shares will be 11 1/29 pence per share.
Expected timetable of principal events relating to the Interim and Special
---------------------------------------------------------------------------
Dividends, Share Consolidation and Extraordinary General Meeting
-----------------------------------------------------------------
Detail below are the expected relevant dates in 2006 in respect of the Interim
and Special Dividends, the Share Consolidation and the Extraordinary General
Meeting.
+------------------------------------------------------------------+-----------+
|Interim Report and Circular posted to registered shareholders |15 |
| |September |
+------------------------------------------------------------------+-----------+
|Latest time for receipt of Forms of Direction from Participants of|11:00 a.m. |
|the Share Incentive Plan to be valid at the EGM |on 2 |
| |October |
+------------------------------------------------------------------+-----------+
|Latest time for receipt of Forms of Proxy and CREST proxy |11:00 a.m. |
|instructions to be valid at the EGM |on 4 |
| |October |
+------------------------------------------------------------------+-----------+
|Existing Ordinary Shares marked Ex-Interim Dividend |4 October |
+------------------------------------------------------------------+-----------+
|Extraordinary General Meeting |11:00 a.m. |
| |on 6 |
| |October |
+------------------------------------------------------------------+-----------+
|Record Date for entitlement to the interim dividend |4.30 p.m. |
| |on 6 |
| |October |
+------------------------------------------------------------------+-----------+
|Last time for dealings in Existing Ordinary Shares |6 October |
+------------------------------------------------------------------+-----------+
|Record Date for entitlement to the Special Dividend and for the |4.30 p.m. |
|Share Consolidation. Existing Ordinary Share register closes and |on 6 |
|Existing Ordinary Shares disabled in CREST |October |
+------------------------------------------------------------------+-----------+
|Existing Ordinary Shares marked ex-Special Dividend |9 October |
+------------------------------------------------------------------+-----------+
|Admission of New Ordinary Shares and dealings commence |8:00 a.m. |
| |on 9 |
| |October |
+------------------------------------------------------------------+-----------+
|New Ordinary Shares credited to CREST accounts |9 October |
+------------------------------------------------------------------+-----------+
|Despatch of share certificates for New Ordinary Shares and cheques|24 October |
|in respect of the sale of fractional entitlements to New Ordinary | |
|Shares | |
+------------------------------------------------------------------+-----------+
|Payment of the interim dividend |25 October |
+------------------------------------------------------------------+-----------+
|Payment of the Special Dividend |25 October |
+------------------------------------------------------------------+-----------+
Mailing of Interim Report and Circular to shareholders
-------------------------------------------------------
The following documents are to be mailed to the registered shareholders of Drax
Group plc on Friday 15 September 2006:
• Interim Report 2006;
• Circular to Shareholders and Notice of an Extraordinary General Meeting; and
• Form of Proxy.
Copies of each of the above documents will also be submitted to the UK Listing
Authority on 15 September 2006 and will be available shortly thereafter for
inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf,
London E14 5HS
Tel: +44 (0) 20 7676 1000.
The Interim Report 2006 and the Circular to Shareholders and Notice of an
Extraordinary General Meeting will also be available from 15 September 2006 as
follows:
• for viewing on the Company's website, www.draxgroup.plc.uk, and/or
• by writing to the Company Secretary at the Registered Office; Drax Power
Station, PO Box 3, Selby, North Yorkshire YO8 8PQ.
Extraordinary General Meeting
------------------------------
As stated in the Company's Interim Results Announcement made on 12 September
2006, the Company is to hold an Extraordinary General Meeting at 11.00am on
Friday 6 October 2006, at The City Presentation Centre, 4 Chiswell Street,
London EC1Y 4UP.
Peter Rothwell
Company Secretary
14 September 2006
-- ENDS --
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