Drax Group PLC - Major Shareholding Notification 2014

National Storage Mechanism | Additional information

RNS Number : 3851K

Drax Group PLC

24 June 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		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
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	Woodford Investment Management LLP
4. Full name of shareholder(s) (if different from 3.):iv	State Street as custodian for several St James's Place funds Northern Trust as custodian for the CF Woodford Equity Income Fund
5. Date of the transaction and date on which the threshold is crossed or reached: v	20 June 2014
6. Date on which issuer notified:	23 June 2014
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
Ordinary 11.55172p Shares GB00B1VNSX38	12,024,557										12,360,342			3.05

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
12,360,342									3.05


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Woodford Investment Management LLP is the investment manager for certain St James's Place funds and the CF Woodford Equity Income Fund, and as such is entitled to exercise the voting rights attached to the shares

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:	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

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