(DRX.L) Drax Group PLC Buy/Sell

RNS Number : 1212B Drax Group PLC 21 October 2009

21 October 2009

Drax Group plc

("Drax" or the "Company")

Symbol:DRX

Interim Management Statement

Drax today publishes its interim management statement for the period from 1 July 2009 to date.

Since publishing our Half Year Results on 4 August, trading conditions in the commodity markets in which we operate remain challenging. However, given our strong forward contracted position, we continue to trade in line with expectations for the current year.

Other than the refinancing of the group's debt facilities, details of which were included in the Half Year Results published on 4 August, there have been no material events or transactions, nor any material change in the underlying financial position of the group during the period.

We will issue a pre close statement on 16 December 2009 in which we will update the market on the Group's positions under contract for 2009, 2010 and 2011.

Enquiries:

For further information please contact:

Andrew Koss, Investor Relations +44 (0) 1757 612333
Melanie Wedgbury, Media Contact +44 (0) 1757 612438
Mike Harrison / Nick Claydon, Brunswick +44 (0) 20 7404 5959

Website: www.draxgroup.plc.uk

END

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

IMSCKKKPABDDPKB