Director/PDMR Shareholding

RNS Number : 6605J

Drax Group PLC

01 April 2010

 



1 April 2010

DRAX GROUP PLC

Symbol: DRX

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

The notifications below are all in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b).

On 1 April 2010, Grants of Options were made through the Drax Group plc Approved Savings-Related Share Option Plan (the "Plan").  The options are in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of Drax Group plc of which there were 364,853,890 shares in issue at the time of the grants.

The interests of the under-noted directors and persons discharging managerial responsibility have changed following each one being granted an option under the Plan.

The grants were made at nil consideration.

The period during which the options stated below will mature and become exercisable is 1 May 2013 to 30 October 2013.  

Director/PDMR	Number of Share Options Granted	Exercise Price (per share)
Tony Quinlan	2,922	310.50 pence
Dorothy Thompson	2,922	310.50 pence

On 23 March 2010, Dorothy Thompson ceased to have an interest in 2,531 share options which lapsed upon the termination of a savings contract held under the Plan. Had the options not lapsed, they would have become exercisable during the period 1 July 2011 to 31 December 2011 at an exercise price of 636 pence per share.

Philip Hudson

Company Secretary

 

END

 

 

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