Director/PDMR Shareholding

RNS Number : 1051I

Drax Group PLC

30 March 2020

 

30 March 2020

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

Jason Shipstone and Paul Sheffield, each a PDMR, have today notified the Company that they have purchased ordinary shares in the Company.

Jason Shipstone has notified the Company that on 30 March 2020 he purchased 34,190 ordinary shares in the Company at a price of 145.15 pence per share. Following the transaction, Jason Shipstone's total shareholding in the Company is 54,708 shares.

Paul Sheffield has notified the Company that on 30 March 2020 he purchased an aggregate of 13,268 ordinary shares in the Company, being 6,500 ordinary shares at a price of 146.1475 pence per share, and 6,768 shares at a price of 146.833 pence per share. Following the transaction, Paul Sheffield's total shareholding in the Company is 13,268 shares.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation 596/2014 notification and is in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of the Company. As at the date of announcement, there are 410,571,755 ordinary shares of 11 16/29 pence each, of which 13,841,295 ordinary shares are held in treasury. Treasury shares do not carry voting rights.

Details of PDMR / person closely associated with them ("PCA")
Name	Jason Shipstone
Reason for the notification
Position / status	EVP Innovation
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 GB00B1VNSX38
Nature of the transaction	Purchase of shares
Price(s) and volume(s)	Price(s) Volume(s) 145.15 pence per share 34,190
Aggregated information -  Aggregated volume -  Price	N/A (single transaction)
Date of the transaction	2020.03.30
Place of the transaction	London Stock Exchange

Details of PDMR / person closely associated with them ("PCA")
Name	Paul Sheffield
Reason for the notification
Position / status	Managing Director - Customers
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 GB00B1VNSX38
Nature of the transaction	Purchase of shares
Price(s) and volume(s)	Price(s) Volume(s) 146.1475 pence per share 6,500 146.833 pence per share 6,768
Aggregated information -  Aggregated volume -  Price	-  13,268 shares -  £19,437.24
Date of the transaction	2020.03.30
Place of the transaction	London Stock Exchange

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