Drax Group PLC - Major Shareholding Notification 2013

National Storage Mechanism | Additional information

RNS Number : 0304S

Drax Group PLC

01 November 2013

1 November 2013

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			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			No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments			No
An event changing the breakdown of voting rights			No
Other (please specify):			No
3. Full name of person(s) subject to the notification obligation: iii		Kames Capital
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		30/10/2013
6. Date on which issuer notified:		01/11/2013
7. Threshold(s) that is/are crossed or reached: vi, vii		3%


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	12,175,217			12,175,217			9,847,469		9,847,469		1,989,396	2.44%			0.49%

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


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
CFD									234,080				Nominal			Delta
0.06%			1

Total (A+B+C)
Number of voting rights								Percentage of voting rights
12,070,945								2.99%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Kames Capital:- Kames Capital Plc Kames Capital Management Ltd Kames Capital ICVC Kames Capital VCIC

Proxy Voting:
10. Name of the proxy holder:	Kames Capital
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:		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

HOLZFLFBXFFEFBL

AI assistant