22nd Mar 2007 15:08
Drax Group PLC22 March 2007 DRAX GROUP PLC ("Drax" or the "Company") (Symbol: DRX) SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES Thursday 22 March 2007 Drax has been advised by Zurich Financial Services Limited ("Zurich") that theyhave previously notified Drax of the details of their ownership of beneficialinterests in Drax shares, as required by Section 198 Companies Act 1985 ("s198"). The requirements of s198 were replaced as part of the implementationof Chapter 5 of the FSA's Disclosure and Transparency Rules ("DTR"). To comply with the DTR, the notifications are now triggered by control over theexercise of voting rights attached to shares, rather than the beneficialinterests in shares that were previously reported. As a result of this change, there is no requirement for Zurich to inform Drax of its voting rights held in relation to shares of Drax as at 20 January 2007. Prior to this notification Zurich had advised Drax (as required by s198) that it had an interest in 5.06% of Drax's issued share capital. The number of ordinary shares of Drax currently in issue is 368,921,151. -ENDS- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Drax