Director/PDMR Shareholding

RNS Number : 3156I

Drax Group PLC

01 April 2020

 

1 April 2020

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

Will Gardiner and Andy Skelton, each a PDMR, have notified the Company that they have purchased ordinary shares in the Company.

Will Gardiner has notified the Company that on 31 March 2020 he purchased 97,500 ordinary shares in the Company at a price of 153.07 pence per share. Following the transaction, Will Gardiner's total shareholding in the Company is 389,046 shares.

Andy Skelton has notified the Company that on 31 March 2020 he purchased 50,824 ordinary shares in the Company at a price of 156.62 pence per share. Following the transaction, Andy Skelton's total shareholding in the Company is 82,074 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	Will Gardiner
Reason for the notification
Position / status	Group CEO
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) 153.07 pence per share 97,500
Aggregated information -  Aggregated volume -  Price	N/A (single transaction)
Date of the transaction	2020.03.31
Place of the transaction	London Stock Exchange

Details of PDMR / person closely associated with them ("PCA")
Name	Andy Skelton
Reason for the notification
Position / status	CFO
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) 156.62 pence per share 50,824
Aggregated information -  Aggregated volume -  Price	N/A (single transaction)
Date of the transaction	2020.03.31
Place of the transaction	London Stock Exchange

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