Drax Group PLC — Major Shareholding Notification 2015

Dec 17, 2015

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RNS Number : 4711J

Drax Group PLC

17 December 2015

17 December 2015

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			X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Deutsche Bank AG
4. Full name of shareholder(s) (if different from 3.):iv		Deutsche Bank AG, London Branch
5. Date of the transaction and date on which the threshold is crossed or reached: v		14/12/2015
6. Date on which issuer notified:		16/12/2015
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 6%

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	12,469,623				12,469,623			11,130,448		11,130,448		0	2.74%		0
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
Right to Recall											26,602			0.01%
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				11 May 17					12,136,006				Nominal			Delta
2.99%			2.99%
Total (A+B+C)
Number of voting rights									Percentage of voting rights
23,796,056									5.73%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Deutsche Bank AG, London Branch - 5.73%
Proxy Voting:
10. Name of the proxy holder:
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:	Total CFD Holding - see appendix
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

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