Drax Group PLC - Director's Dealing 2015

National Storage Mechanism | Additional information

RNS Number : 1081D

Drax Group PLC

26 January 2015

Drax Group plc

(Symbol: DRX)


TR-1: 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:	Legal & General Group Plc (L&G)
4. Full name of shareholder(s) (if different from 3.):	N/A
5. Date of the transaction and date on which the threshold is crossed or reached:	22 January 2015
6. Date on which issuer notified:	23 January 2015
7. Threshold(s) that is/are crossed or reached:	L&G (Below 3%)


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
GBP 0.1155172	12,149,498 (as on 26/11/2014)					Below 3%

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


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
Below 3%

9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable:


Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) ( Below 3%= LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD)	Legal & General Insurance Holdings Limited (Direct) (LGIH)
Legal & General Assurance (Pensions Management) Limited (PMC)	Legal & General Assurance Society Limited (LGAS & LGPL)
	Legal & General Pensions Limited (Direct) (LGPL)

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:

Notification using the total voting rights figure of 404,821,561

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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