Director/PDMR Shareholding

RNS Number : 5379P

Drax Group PLC

11 October 2019

 

11 October 2019

DRAX GROUP PLC

Symbol: DRX

Notification of Transactions of Persons Discharging Managerial Responsibility

The notification below is 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 10 October 2019, a performance share award over 99,878 shares was made under the Drax Group plc Performance Share Plan ("PSP") to Esa Heiskanen. The performance award, made for nil consideration, is a conditional award with vesting normally deferred for three years, subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date.  

There were 410,270,609 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.

Details of PDMR / person closely associated with them ("PCA")
Name	Esa Heiskanen
Reason for the notification
Position / status	EVP Capital Projects
Initial notification / amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Drax Group plc
LEI	549300YPSNTXR4ZHSR98
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
Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
Nature of the transaction	Performance award made pursuant to the Drax Group plc Performance Share Plan ("PSP")
Price(s) and volume(s)	Price(s) Volume(s) nil 99,878
Aggregated information -      Aggregated volume -      Price	nil
Date of the transaction	10 October 2019
Place of the transaction	Outside a trading venue

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