Director/PDMR Shareholding

RNS Number : 6992G

Drax Group PLC

05 March 2015

 



5 March 2015

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) and the dealings were in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of Drax Group plc.

On 4 March 2015, Matching Awards and Deferred Awards were made through the Drax Bonus Matching Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the share awards.

The Matching Awards, made at nil consideration, are conditional awards and vesting is subject to performance conditions established in accordance with the rules of the Plan and measured over a three year period commencing on 1 January 2015.  

The Deferred Awards are in respect of the deferred element of the annual bonus for 2014, which is paid in shares deferred for three years and subject to the participant remaining in employment until the vesting date.

Director/PDMR	Number of Matching Shares Awarded	Number of Deferred Shares Awarded
Peter Bennell	39,973	-
Peter Emery	123,833	28,894
Andy Koss	49,160	-
Tony Quinlan	143,408	33,461
Matthew Rivers	55,852	-
Paul Taylor	104,062	24,281
Dorothy Thompson	225,958	52,723

There were 404,834,454 shares in issue at the time of this notification.

Philip Hudson

Company Secretary

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