RNS Number : 3450M

Drax Group PLC

06 May 2015



6 May 2015

Drax Group plc

(Symbol:DRX)

NOTIFICATION OF MAJOR INTEREST IN SHARES

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			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 to the notification obligation: iii		Schroders plc
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		30 April 2015
6. Date on which issuer notified:		5 May 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		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

Ordinary 11.55172p Shares GB00B1VNSX38

20,306,409

20,269,066

41,144,730

n/a

40,685,127

n/a

10.024%

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

Call option 4.81917

12/05/2015

N/A

(242,695)

-0.060%

Call option 4.88194

27/05/2015

N/A

(359,538)

-0.089%

Call option 4.2775

11/06/2015

N/A

(510,700)

-0.126%

Call option 4.17939

01/07/2015

N/A

(457,152)

-0.113%

Call option 4.63766

08/07/2015

N/A

(467,828)

-0.115%

Call option 4.74177

16/07/2015

N/A

(463,041)

-0.114%

Call option 4.64423

29/07/2015

N/A

(507,760)

-0.125%

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

40,685,127

10.024%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Schroder Investment Management Limited - 40,243,954     9.916% Schroder & Co. Limited - 435,910    0.107% Schroders (C.I.) Limited - 5,263       0.001%
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:	The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 405,857,302.
14. Contact name:	Laura Dobson Assistant Company Secretary
15. Contact telephone number:	01757 612778

This information is provided by RNS

The company news service from the London Stock Exchange

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