Drax Group PLC - Major Shareholding Notification 2014

National Storage Mechanism | Additional information

RNS Number : 9894D

Drax Group PLC

03 April 2014

3 April 2014

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
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):		X (refer to section 13)
3. Full name of person(s) subject to the notification obligation: iii	Lloyds Banking Group plc
4. Full name of shareholder(s) (if different from 3.):iv	See Section 9
5. Date of the transaction and date on which the threshold is crossed or reached: v	31 March 2014
6. Date on which issuer notified:	2 April 2014
7. Threshold(s) that is/are crossed or reached: vi, vii	Indirect holdings decreased to below 1%


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	18,182,397				18,182,397			N/A - below reportable threshold

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
												Nominal		Delta


Total (A+B+C)
Number of voting rights									Percentage of voting rights
N/A - below reportable threshold


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A - below reportable threshold

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:	Disclosure of revised position following the sale of Scottish Widows Investment Partnership Limited to Aberdeen Asset Management PLC on 31 March 2014
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

HOLFXLFBZZFBBBK

AI assistant