TIDMDRX TIDMLGEN

RNS Number : 1081D

Drax Group PLC

26 January 2015

26 January 2015

Drax Group plc

(Symbol: DRX)

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
 
 1. Identity of the issuer or the underlying                Drax Group plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: 
                                                  ---------------------------------- 
 2. Reason for the notification (please tick the appropriate box or boxes): 
 An acquisition or disposal of voting rights                                   Yes 
---------------------------------------------------------------------------  ------- 
 
   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 
---------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------------  ------- 
 
   Other (please 
   specify): 
-------------------  ------------------------------------------------------  ------- 
 3. Full name of person(s) subject               Legal & General Group Plc (L&G) 
  to the 
  notification obligation: 
                                            ---------------------------------------- 
 4. Full name of shareholder(s)                                N/A 
  (if different from 3.): 
                                            ---------------------------------------- 
                                                         22 January 2015 
   5. Date of the transaction and date 
   on which the threshold is crossed 
   or reached: 
                                            ---------------------------------------- 
 6. Date on which issuer notified:                       23 January 2015 
                                            ---------------------------------------- 
 7. Threshold(s) that is/are crossed                     L&G (Below 3%) 
  or reached: 
                                            ---------------------------------------- 
 
 
 
 8. Notified details: 
 A: Voting rights attached to shares 
 Class/type             Situation previous                    Resulting situation after the triggering transaction 
  of                     to the triggering 
  shares                    transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
                ----------------------------------  ----------------------------------------------------------------------- 
                     Number            Number                                Number of voting         % of voting rights 
                        of                of                                      rights 
                      Shares            Voting 
                                        Rights 
                ----------------  ----------------  ----                -------------------------  ------------------------ 
                                                          Number            Direct       Indirect     Direct      Indirect 
                                                         of shares 
                ---  -----  ----  ----  -----  ---  ------------------  --------------  ---------  -----------  ----------- 
 GBP 0.1155172              12,149,498                                              Below 3% 
                         (as on 26/11/2014) 
                ----------------------------------  ----------------------------------------------------------------------- 
 
 B: Qualifying Financial Instruments 
 Resulting situation after the triggering transaction 
                                                                                Number of voting 
   Type of financial           Expiration         Exercise/                      rights that may           % of voting 
   instrument                  date               Conversion Period              be                        rights 
                                                                                 acquired if the 
                                                                                 instrument is 
                                                                                 exercised/ converted. 
                            -----------------  ------------------------------  -----------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
 Resulting situation after the triggering transaction 
 
  Type of financial     Exercise           Expiration       Exercise/      Number of voting           % of voting rights 
  instrument            price              date             Conversion     rights instrument 
                                                            period         refers to 
                     -----------------  ----------------  ------------  -------------------------  ------------------------ 
                                                                                                     Nominal       Delta 
                     -----------------  ----------------  ------------  -------------------------  -----------  ----------- 
 
 
 Total (A+B+C) 
 Number of voting rights                                                 Percentage of voting rights 
                                                                        --------------------------------------------------- 
                                                          Below 3% 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
                                         Legal & General Group Plc (Direct and Indirect) (Group) 
          Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) 
                                 Legal & General Investment Management Limited (Indirect) (LGIM) 
                          Legal & General Group Plc (Direct) (L&G) ( Below 3%= LGAS, LGPL & PMC) 
         Legal & General Investment Management        Legal & General Insurance Holdings Limited 
                                    (Holdings) Limited (Direct) (LGIMHD)         (Direct) (LGIH) 
          Legal & General Assurance (Pensions          Legal & General Assurance Society Limited 
                                      Management) Limited (PMC)                    (LGAS & LGPL) 
                                                       Legal & General Pensions Limited (Direct) 
                                                                                          (LGPL) 
 
 Proxy Voting: 
 10. Name of the proxy holder:                                                 N/A 
                                                                -------------------------------- 
 11. Number of voting rights proxy holder will                                 N/A 
  cease to hold: 
                                                                -------------------------------- 
 12. Date on which proxy holder will cease to                                  N/A 
  hold voting rights: 
                                                                -------------------------------- 
 
                                                        Notification using the total voting 
  13. Additional information:                               rights figure of 404,821,561 
 14. Contact name:                                                  Phil White 
                                                              Deputy Company Secretary 
                                                  ---------------------------------------------- 
 15. Contact telephone number:                                     01757 612167 
                                                  ---------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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