National Storage Mechanism | Additional information

RNS Number : 4395Z

Drax Group PLC

26 May 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		X
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		X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Deutsche Bank AG
4. Full name of shareholder(s) (if different from 3.):^iv	Deutsche Bank AG, London Branch
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	23 May 2016
6. Date on which issuer notified:	25 May 2016
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	Above 6%

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

10,978,301

12,081,563

2.97%

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

Right To Recall

2,981,000

0.73%

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}

Swaps

19-Jun-17

9,645,247

Nominal

Delta

2.37%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

24,707,810

6.08%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Deutsche Bank AG, London Branch - 6.08%

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:
14. Contact name:	Laura Dobson Deputy Company Secretary
15. Contact telephone number:	01757 612778

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLXQLFLQEFZBBL