- Drax Group PLC (United Kingdom, SEDOL: B1FGRL9, GICS: Utilities, GICS Code: 55105010) will replace AWG PLC (United Kingdom, SEDOL: 3312661 GICS: Utilities, GICS Code: 55104010) in the S&P Europe 350 and S&P United Kingdom indices, following the acquisition of the latter by Osprey Acquisitions Limited.
Drax Group PLC is the holding company of the Drax group of companies. Drax Power Limited is the operating subsidiary of Drax Group PLC and the owner of Drax Power Station, the largest coal-fired power station in the UK. The number of shares outstanding will be 368,920,781 and the Investable Weight Factor will be 0.8892. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Independent Power Producers & Energy Traders.
Following is a summary of the announced addition and deletion:
| S&P Europe 350 and S&P United Kingdom – close of trading 28 November 2006 | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Drax Group | Utilities | Independent Power Producers & Energy Traders |
| DELETED | AWG PLC | Utilities | Water Utilities |
