Director/PDMR Shareholding

RNS Number : 3886U

Drax Group PLC

06 April 2016

 

06 April 2016

DRAX GROUP PLC

Symbol: DRX

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") 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 5 April 2016, Grants of Options were made through the Drax Group plc Sharesave 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 406,683,099 shares in issue at the time of the grants.

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

The grants were made at nil consideration.

Director/PDMR	Number of Share Options Granted	Option Price (per share)	Period during which options will mature and become exercisable
Will Gardiner	14,778	203 pence	1 May 2021 to 31 October 2021
Matthew Rivers	8,866	203 pence	1 May 2019 to 31 October 2019

On 31 March 2016, the PDMR detailed below ceased to have an interest in share options which lapsed upon the termination of a savings contract held under the Plan. Details are also provided of the option price and the period during which the options would have become exercisable had they not lapsed.

PDMR	Number of Share Options Lapsed	Option Price (per share)	Period during which options would mature and become exercisable (had they not lapsed)
Matthew Rivers	9,389	319.5 pence	1 May 2020 to 31 October 2020

Philip Hudson

Company Secretary

 

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