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HEIT — Harmony Energy Income Trust News Story

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Brief: Drax Group announces offer for Harmony Energy Income Trust

March 25 (Reuters) - Drax Group PLC DRX.L:

DRAX GROUP PLC HARMONY ENERGY INC.  - OFFER FOR HARMONY ENERGY INCOME TRUST PLC

DRAX GROUP PLC - PROPOSED DEAL FOR 88.0 PENCE IN CASH

DRAX GROUP PLC - CONSIDERATION PER SCHEME SHARE VALUES ENTIRE ISSUED SHARE CAPITAL OF HEIT AT APPROXIMATELY £199.9 MILLION

DRAX GROUP PLC - HEIT DIRECTORS INTEND TO RECOMMEND UNANIMOUSLY THAT HEIT SHAREHOLDERS VOTE IN FAVOUR OF SCHEME AT COURT MEETING

Source text: ID:nRSY0355Ca

Further company coverage: DRX.L

 ((Reuters.Briefs@thomsonreuters.com;))

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