Drax Group plcLSE: DRX

Drax Group: Rule19.6(b): Bluefield Solar Income Fund Ltd

Oct 30, 2026 at 8:03 AM EDT · Issued by Drax Group plc via RNS

Summary by 6ix AI

Drax Group plc said on October 30, 2026 that it has not yet reached agreement with Bluefield Partners LLP on a potential acquisition of all or part of the Bluefield Group, but discussions remain ongoing.

Key details

Drax completed its acquisition of Bluefield Solar Income Fund Limited on July 31, 2026. That company owns a portfolio of about 0.9GW of solar and onshore wind assets across more than 200 sites in the UK.
In its scheme document of June 29, 2026 for that acquisition, Drax said it would engage with Bluefield Partners LLP with the aim of reaching an agreement within three months.
The update is required under Rule 19.6(b) of the UK Takeover Code, which covers statements a bidder makes about its intentions after an offer.

What’s still pending

No agreement has been reached; any acquisition of all or part of the Bluefield Group depends on the ongoing discussions.
Drax expects to provide a further update in due course.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/rule19.6b-bluefield-solar-income-fund-ltd

Watch Drax's latest callDrax Group (LSE:DRX) Q2 2026 Earnings Call · Replay · Jul 30 Read the transcript of Drax Group (LSE:DRX) Q2 2026 Earnings Call

30 October 2026

Drax Group plc

("Drax", "the Group", "Drax Group", "the Company"; Symbol: DRX)

Rule 19.6(b) update with respect to post-offer intention statements in relation to the recommended acquisition of Bluefield Solar Income Fund Limited

On 31 July 2026, Drax completed the acquisition of Bluefield Solar Income Fund Limited ("BSIF"), which owns a portfolio of c.0.9GW of solar and onshore wind assets across over 200 sites in the UK.

In the intentions statement within the scheme document published on 29 June 2026 in relation to the BSIF acquisition (the "Scheme Document"), Drax stated that it would engage with Bluefield Partners LLP ("Bluefield") regarding a potential acquisition of all or part of the Bluefield Group with the aim of reaching an agreement within three months.

Agreement has not yet been reached; however, discussions with Bluefield remain ongoing and Drax expects to provide a further update in due course.

This announcement is required under Rule 19.6(b) of the Takeover Code.

Enquiries:

Drax Investor Relations:

Mark Strafford

[email protected]

+44 (0) 7730 763 949

Chris Simpson

[email protected]

+44 (0) 7923 257 815

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