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Holding(s) in Company

RNS Announcement

RNS Number : 8965R

Drax Group PLC

11 March 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
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	9 March 2016
6. Date on which issuer notified:	11 March 2016
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	Below 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

684,263

4,878,853

1.20%

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)

11,165,142

2.75%

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

16,043,995

3.95%

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.; 16,043,995 shares; 3.95% 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.) Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.) Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited) 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:	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

END

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RNS metadata

Title: Holding(s) in Company
Time: 15:45:43
Date: 11 Mar 2016
Category: Holding(s) in company
ID: 8965R