Director/PDMR Shareholding

RNS Number : 4129C

Drax Group PLC

01 May 2012

 



1 May 2012

Drax Group plc

("Drax" or the "Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

The notifications below are in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b) and the dealings were in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of the Company of which there were 365,110,511 shares in issue at the time of the dealing.

On 30 April 2012, the individuals below, each a person discharging managerial responsibility, had nil cost conditional deferred share awards vest under the Company's Bonus Marching Plan ("BMP") and entered into transactions in the Company's ordinary shares as detailed in the table below.

Details of the vesting and sale transactions are as follows:-

	BMP Deferred Awards vesting1	Shares sold2	Shares retained	Total number of shares held at 1 May 2012
Peter Emery	14.724	7,673	7,051	40,218
Philip Hudson	7,719	4,023	3,696	5,811
Tony Quinlan	5,994	3,124	2,870	6,173
Paul Taylor	10,224	5,328	4,896	7,590
Dorothy Thompson	29,325	15,280	14,045	80,230

Notes:

1.     This is inclusive of Distribution Shares added at vesting based on accrued dividends throughout the holding period.

2.     The shares sold were required to be sold under the rules of the plan to satisfy income tax and National Insurance Contributions liabilities and were sold on the London Stock Exchange at 542.06 pence per share.

In addition, the following performance share awards failed to vest due to their Performance Conditions not being met:

	Awards failing to vest
Peter Emery	69,489
Philip Hudson	36,435
Tony Quinlan	81,752
Paul Taylor	48,256
Dorothy Thompson	138,382

Philip Hudson

Company Secretary

--ENDS--

 

END

 

 

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