11 Apr 2016 10:17
11 April 2016
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Drax Group plc
(Symbol:DRX)
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NOTIFICATION OF MAJOR INTEREST IN SHARES
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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 Â | ||
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 orreached: v | 6 April 2016 | ||
6. Date on which issuer notified: | 8 April 2016 | ||
7. Threshold(s) that is/are crossed or reached: vi, vii | Â Below 6% Â | ||
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8. Notified details: | |||||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||
Ordinary 11.55172p Shares  GB00B1VNSX38  | 14,204,464 | 14,204,464 | 13,098,300 | 13,098,300 | 0 | 3.22% | 0 | ||||||||||
  | |||||||||||||||||
B: Qualifying Financial Instruments | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||
 Right to Recall  | 1,258,733 | 0.31% | |||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to  | % of voting rights xix, xx  | ||||||||||||
Swaps | 24-Jul-17 | 9,797,408 | Nominal | Delta | |||||||||||||
2.41% | 2.41% | ||||||||||||||||
Total (A+B+C) | |||||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||||
24,154,441 | 5.94% | ||||||||||||||||
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
 Deutsche Bank AG, London Branch - 5.94% | ||
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: | Â Â | |
14. Contact name: | Phil White Deputy Company Secretary | |
15. Contact telephone number: | 01757 612167 Â | |
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