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Company Announcements

By LSE RNS

RNS Number : 5694O

Drax Group PLC

21 August 2017

Drax Group plc

(Symbol:DRX)

NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ				Drax Group plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark with an "X" if appropriate)
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments						X
An event changing the breakdown of voting rights
Other (please specify)ⁱⁱⁱ
3. Details of person subject to the notification obligation ^iv
Name				Old Mutual Plc
City and country of registered office (if applicable)				London, UK
4. Full name of shareholder(s) (if different from 3.):^v
Name
City and country of registered office
5. Date of the transaction and date on which the threshold is crossed or reached: ^v				15 August 2017
6. Date on which issuer notified:				18 August 2017
7. Total positions of person(s) subject to the notification obligation				5%
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1+8.B 2)	Total of both in % (8.A + 8.B)		Total number pf voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	4.97%	0.07%	5.04%		406,858,215
Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE		Number of voting rights^ix							% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)				Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00B1VNSX38						20,207,195					4.97%

SUBTOTAL 8.A		20,207,195							4.97%

B1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument			Expiration date ^x		Exercise/ Conversion Period ^xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights

					SUBTOTAL 8. B1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x			Exercise/ Conversion period ^xI			Physical or cash settlement^xii			Number of voting rights	% of voting rights
CFD							Cash			301,745	0.07%

							SUBTOTAL 8.B.2			301,745	0.07%

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the underlying issuer^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv (please add additional rows as necessary)				x
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Old Mutual Plc	4.97%	0.07%	5.04%
Old Mutual Global Investors

Old Mutual Plc	4.97%	0.07%	5.04%
Acadian Asset Management LLC


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:
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

END

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