Drax Group Plc DRX Holding(s) in Company

  Drax Group Plc (DRX) - Holding(s) in Company

RNS Number : 7830P
Drax Group PLC
29 October 2012




29October 2012

                              Drax Group plc

                               (Symbol:DRX)

                                    

                NOTIFICATION OF MAJOR INTEREST IN SHARES^i

                                    ^

                                    
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                Drax Group plc
attached:  ^ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights                              ü
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           Schroders plc
obligation:  ^iii
4. Full name of shareholder(s)
(if different from 3.):^iv
5. Date of the transaction and date on which the threshold is      26.10.12
crossed or reached: ^v
                                                                   29.10.12
6. Date on which issuer notified:
                                                                      
7. Threshold(s) that is/are crossed or reached: ^vi, vii          Above 10%



8. Notified details:
A: Voting rights attached to shares ^viii, ix
Class/type   Situation previous            Resulting situation after the triggering
of           to the triggering             transaction
shares       transaction

if possible  Number           Number       Number     Number of voting  % of voting
using        of               of           of shares  rights            rights ^x
the ISIN     Shares           Voting       Direct     Direct Indirect   Direct Indirect
CODE                          Rights                  ^xi    ^xii
  Ordinary
GB00B1VNSX38

                  36,163,675   31,922,380 41,658,716    N/A 36,692,038    N/A  10.050%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial  Expiration     Exercise/          Number of voting   % of voting
instrument         date ^xiii     Conversion Period  rights that may be rights
                                  ^xiv               acquired if the
                                                     instrument is
                                                     exercised/
                                                     converted.
CFD                                                  52,020             0.014%
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments ^xv, xvi
Resulting situation after the triggering transaction
Type of       Exercise   Expiration Exercise/       Number of      % of voting rights
financial     price      date ^xvii Conversion      voting rights  ^xix, xx
instrument                          period ^xviii   instrument
                                                    refers to      

                                                    
                                                                   Nominal     Delta
Total (A+B+C)
Number of voting rights                             Percentage of voting rights
36,744,058                                          10.064%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: ^xxi
Schroder Investment Management Limited 36,279,820 9.937%

Schroder Investment Management North America Limited 395,512 0.108%

Schroder & Co Limited 16,706 0.005%
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             The shares referred to in section 9 are held in
information:               portfolios managed by those firms on a
                           discretionary basis for clients under investment
                           management agreements.
                                                    

14. Contact name:                              Phil Hudson

                                            Company Secretary
15. Contact telephone                               
number:
                                              01757 612917





                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


HOLEKLFLLBFZFBF -0- Oct/29/2012 15:48 GMT