DivTimetable, Circular & AGM
Drax Group PLC
21 March 2007
21 March 2007
DRAX GROUP PLC
(the 'Company' or 'Drax')
(Symbol: DRX)
SHARE CONSOLIDATION RATIO
EXPECTED TIMTETABLE OF PRINCIPAL EVENTS RELATING TO THE FINAL AND SPECIAL
DIVIDENDS, SHARE CONSOLIDATION AND ANNUAL GENERAL MEETING
NEW ARTICLES OF ASSOCIATION
POSTING OF DOCUMENTS TO SHAREHOLDERS
ANNUAL GENERAL MEETING
Share Consolidation Ratio
Following the announcement regarding the Preliminary Results for 2006, Final
and Special Dividends and Share Consolidation made by the Company on
8 March 2007, the Company now advises that, based on the closing price of the
Company's shares on 20 March 2007:
• The Share Consolidation will replace every 67 Existing Ordinary Shares
with 64 New Ordinary Shares; and
• The nominal value of the New Ordinary Shares will be 11 16/29 pence per share.
Expected timetable of principal events relating to the Final and Special
Dividends, Share Consolidation and Annual General Meeting
Detail below are the expected relevant dates in 2007 in respect of the Final
and Special Dividends, the Share Consolidation and the Annual General Meeting.
+--------------------------------------------------------------------+---------+
|Annual Report and Accounts 2006 and Shareholder Circular posted to |23 March |
|registered shareholders | |
+--------------------------------------------------------------------+---------+
|Latest time for receipt of Forms of Direction from Participants of |11:00am |
|the Share Incentive Plan to be valid at the AGM |on 20 |
| |April |
+--------------------------------------------------------------------+---------+
|Latest time for receipt of Forms of Proxy and CREST proxy |11:00am |
|instructions to be valid at the AGM |on 24 |
| |April |
+--------------------------------------------------------------------+---------+
|Existing Ordinary Shares marked Ex-Final Dividend |25 April |
+--------------------------------------------------------------------+---------+
|Annual General Meeting |11:00am |
| |on 26 |
| |April |
+--------------------------------------------------------------------+---------+
|Last time for dealings in Existing Ordinary Shares |27 April |
+--------------------------------------------------------------------+---------+
|Record Date for entitlement to the Final Dividend, Special Dividend |4.30pm 27|
|and for the Share Consolidation. Existing Ordinary Share register |April |
|closes and Existing Ordinary Shares disabled in CREST | |
+--------------------------------------------------------------------+---------+
|Existing Ordinary Shares marked ex-Special Dividend |30 April |
+--------------------------------------------------------------------+---------+
|Admission of New Ordinary Shares and dealings commence |8:00am on|
| |30 April |
+--------------------------------------------------------------------+---------+
|New Ordinary Shares credited to CREST accounts |30 April |
+--------------------------------------------------------------------+---------+
|Despatch of share certificates for New Ordinary Shares and cheques |15 May |
|in respect of the sale of fractional entitlements to New Ordinary | |
|Shares | |
+--------------------------------------------------------------------+---------+
|Payment of the Final Dividend and the Special Dividend |16 May |
+--------------------------------------------------------------------+---------+
New Articles of Association
In accordance with Disclosure and Transparency Rule 6.1.2, the Company also
confirms that there will be a resolution put to the Annual General Meeting
seeking adoption of New Articles of Association to reflect certain provisions
of the Companies Act 2006.
Posting of documents to shareholders
The following documents are to be posted to the registered shareholders on
Friday 23 March 2007:
• Annual Report and Accounts 2006;
• Circular to Shareholders, which contains the Notice of Annual General Meeting;
and
• Form of Proxy.
Copies of each of the above documents and the New Articles of Association will
also be submitted to the UK Listing Authority on Friday 23 March 2007 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 Annual Report and Accounts 2006 and the Circular to Shareholders, which
contains the Notice of Annual General Meeting, will also be available from 23
March 2007 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.
Annual General Meeting
As stated in the Company's Preliminary Results Announcement made on 8 March
2007, the Company is to hold its Annual General Meeting at 11.00am on Thursday
26 April 2007, at The City Presentation Centre, 4 Chiswell Street, London EC1Y
4UP.
Peter Rothwell
Company Secretary
21 March 2007
ENDS
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