Director/PDMR Shareholding

RNS Number : 0179K

Drax Group PLC

17 April 2020

 

17 April 2020

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

On 15 April 2020, Grants of Options were made through the Drax Group plc Sharesave Plan ('the Sharesave Plan'). The interests of the under-noted Director and Persons Discharging Managerial Responsibility have changed following each one being granted an option under the Sharesave Plan.

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 Chief Executive
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	Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*
Price(s) and volume(s)	Price(s) Volume(s) 127.1 pence per share 23,603
Aggregated information -  Aggregated volume -  Price	N/A N/A
Date of the transaction	2020.04.15
Place of the transaction	Outside a trading venue

*   Note, Will Gardiner cancelled a   2016 5 year Sharesave contract on the 30th March 2020.

Details of PDMR / person closely associated with them ("PCA")
Name	Andrew Skelton
Reason for the notification
Position / status	Chief Financial Officer
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	Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*
Price(s) and volume(s)	Price(s) Volume(s) 127.1 pence per share 23,603
Aggregated information -  Aggregated volume -  Price	N/A N/A
Date of the transaction	2020.04.15
Place of the transaction	Outside a trading venue

*Note, Andy Skelton cancelled a 2019 5 year Sharesave contract on the 31st March 2020.

Details of PDMR / person closely associated with them ("PCA")
Name	Clare Harbord
Reason for the notification
Position / status	Group Director of Corporate Affairs
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	Grant of share options under the Drax Group plc Sharesave Plan (3 year contract)*
Price(s) and volume(s)	Price(s) Volume(s) 127.1 pence per share 14,162
Aggregated information -  Aggregated volume -  Price	N/A N/A
Date of the transaction	2020.04.15
Place of the transaction	Outside a trading venue

*Note, Clare Harbord cancelled a 2019 5 year Sharesave contract on the 31st March 2020.

Details of PDMR / person closely associated with them ("PCA")
Name	Jason Shipstone
Reason for the notification
Position / status	Chief Innovation Officer
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	Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*
Price(s) and volume(s)	Price(s) Volume(s) 127.1 pence per share 23,603
Aggregated information -  Aggregated volume -  Price	N/A N/A
Date of the transaction	2020.04.15
Place of the transaction	Outside a trading venue

* Note, Jason Shipstone   cancelled a 2019 5 year Sharesave contract on the 30th March 2020.

Details of PDMR / person closely associated with them ("PCA")
Name	Penny Small
Reason for the notification
Position / status	Chief Transformation Officer
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	Grant of share options under the Drax Group plc Sharesave Plan (3 year contract)*
Price(s) and volume(s)	Price(s) Volume(s) 127.1 pence per share 14,162
Aggregated information -  Aggregated volume -  Price	N/A N/A
Date of the transaction	2020.04.15
Place of the transaction	Outside a trading venue

*Note, Penny Small cancelled a 2019 3 year Sharesave contract on the 24th March 2020.

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	Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*
Price(s) and volume(s)	Price(s) Volume(s) 127.1 pence per share 23,603
Aggregated information -  Aggregated volume -  Price	N/A N/A
Date of the transaction	2020.04.15
Place of the transaction	Outside a trading venue

* Note, Paul Sheffield cancelled a 2018 3 year Sharesave contract on the 26th March 2020.

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 GB00B1VNSX38
Nature of the transaction	Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)
Price(s) and volume(s)	Price(s) Volume(s) 127.1 pence per share 23,603
Aggregated information -  Aggregated volume -  Price	N/A N/A
Date of the transaction	2020.04.15
Place of the transaction	Outside a trading venue

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