Director/PDMR Shareholding

RNS Number : 4612F

Drax Group PLC

17 May 2017

 

17 May 2017

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 the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 and the dealings were in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of Drax Group plc.

On 15 May 2017, Awards over shares were made under the Drax Group plc Performance Share Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Awards.

The Awards, made for nil consideration, are conditional awards and vesting is subject to performance conditions (relative total shareholder return (50% of each Award) and average corporate balanced scorecard (50% of each Award)) established in accordance with the rules of the Plan and measured over a three year period commencing on 1 January 2017.  

Director/PDMR	Number of shares over which Awards made
Will Gardiner	213,326
Clare Harbord	76,235
Jonathan Kini	70,136
Andy Koss	169,567
Pete Madden	90,443
Dorothy Thompson	313,956

There were 406,851,207 shares in issue at the time of this notification.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Will Gardiner
2.	Reason for the notification
a)	Position / status	Group Chief Financial Officer
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 213,326
d)	Aggregated information -      Aggregated volume -      Price	213,326 nil
e)	Date of the transaction	2017-05-15
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Clare Harbord
2.	Reason for the notification
a)	Position / status	Director of Corporate Affairs
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 76,235
d)	Aggregated information -      Aggregated volume -      Price	76,235 Nil
e)	Date of the transaction	2017-05-15
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Jonathan Kini
2.	Reason for the notification
a)	Position / status	Chief Executive, Drax Retail
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 70,136
d)	Aggregated information -      Aggregated volume -      Price	70,136 nil
e)	Date of the transaction	2017-05-15
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Andy Koss
2.	Reason for the notification
a)	Position / status	Chief Executive, Drax Power
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 169,567
d)	Aggregated information -      Aggregated volume -      Price	169,567 nil
e)	Date of the transaction	2017-05-15
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Pete Madden
2.	Reason for the notification
a)	Position / status	Chief Executive, Drax Biomass
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 90,443
d)	Aggregated information -      Aggregated volume -      Price	90,443 nil
e)	Date of the transaction	2017-05-15
f)	Place of the transaction	Outside a trading venue
1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Dorothy Thompson
2.	Reason for the notification
a)	Position / status	Group Chief Executive
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 313,956
d)	Aggregated information -      Aggregated volume -      Price	313,956 nil
e)	Date of the transaction	2017-05-15
f)	Place of the transaction	Outside a trading venue

David McCallum

Company Secretary

--ENDS--

 

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