Drax Group PLC — Major Shareholding Notification 2016

Feb 22, 2016

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RNS Number : 7624P

Drax Group PLC

22 February 2016

22 February 2016

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			X
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		The Goldman Sachs Group, Inc.
4. Full name of shareholder(s) (if different from 3.):iv		Goldman, Sachs & Co. Goldman Sachs International Goldman Sachs Asset Management, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: v		17 February 2016
6. Date on which issuer notified:		19 February 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 4%

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	97,419				97,419						266,591		0.07%
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
Stock Loan (Physical)			(Open)							15,418,523			3.79%
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
15,685,114									3.86%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The Goldman Sachs Group, Inc.; 15,685,114 shares; 3.86% The Goldman, Sachs & Co. L.L.C. (Controlled by The Goldman Sachs Group, Inc.) Goldman, Sachs & Co. (Controlled by The Goldman, Sachs & Co. L.L.C.) Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.): 12,975,066 shares: 3.19% Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.) 12,975,066 shares: 3.19% Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited) 12,975,066 shares: 3.19% Goldman Sachs Asset Management, L.P. (Controlled by The Goldman Sachs Group, Inc.)
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

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