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Holding(s) in Company

RNS Announcement

RNS Number : 8053Q

Drax Group PLC

22 June 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:		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:		Schroders plc
4. Full name of shareholder(s) (if different from 3.)
5. Date of the transaction and date on which the threshold is crossed or reached:		18 June 2015
6. Date on which issuer notified:		19 June 2015
7. Threshold(s) that is/are crossed or reached:		From 10% to 11%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Indirect

Direct

Indirect

Ordinary

11.55172p Shares

GB00B1VNSX38

41,144,730

40,685,127

45,372,108

n/a

45,334,765

n/a

11.159%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

Number of voting rights that may be acquired if the instrument is exercised / converted.

% of voting
rights

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%

Call option 4.7819057

11/08/2015

N/A

(658,969)

-0.162%

Call option 4.55975

26/08/2015

N/A

(372,116)

-0.092%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

45,334,765

11.159%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Schroder Investment Management Limited - 44,838,792 11.037% Schroder & Co. Limited - 490,710 0.121% 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 406,247,913.
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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RNS metadata

Title: Holding(s) in Company
Time: 10:38:46
Date: 22 Jun 2015
Category: Holding(s) in company
ID: 8053Q