Drax Group PLC - Major Shareholding Notification 2016

National Storage Mechanism | Additional information

RNS Number : 0832X

Drax Group PLC

03 May 2016

3 May 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		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):
3. Full name of person(s) subject to the notification obligation: iii	Invesco Limited
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	29 April 2016
6. Date on which issuer notified:	03 May 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	28%


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	118,206,873				118,206,873						117,438,548			28.88%

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
117,438,548									28.88%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Invesco Asset Management Limited - 117,378,356 Invesco PowerShares Capital Management LLC - 60,192

Proxy Voting:
10. Name of the proxy holder:		Invesco Limited
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:	Laura Dobson Deputy 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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