RNS Number : 9144O

Drax Group PLC

12 February 2016

12 February 2016

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
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached			X
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		The Goldman Sachs Group, Inc.
4. Full name of shareholder(s)  (if different from 3.):iv		Goldman, Sachs & Co. Goldman Sachs International Goldman Sachs Asset Management, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: v		09 February 2016
6. Date on which issuer notified:		11 February 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Above 4%

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

GB00B1VNSX38

97,419

0.02%

97,419

0.02%

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

Stock Loan (Physical)

(Open)

16,234,188

4.00%

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

16,331,607

4.02%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The Goldman Sachs Group, Inc.; 16,331,607 shares; 4.02% The Goldman, Sachs & Co. L.L.C. (Controlled by The Goldman Sachs Group, Inc.) Goldman, Sachs & Co. (Controlled by The Goldman, Sachs & Co. L.L.C.) Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.): 13,689,559 shares: 3.37% Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.) 13,689,559 shares: 3.37% Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited) 13,689,559 shares: 3.37% Goldman Sachs Asset Management, L.P. (Controlled by The Goldman Sachs Group, Inc.)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:
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

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