Director/PDMR Shareholding

Drax Group PLC

12 May 2023

 

12 May 2023

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

Vesting of Long-Term Incentive Plan Shares

On 9 May 2023, shares in Drax Group plc were issued to Persons Discharging Managerial Responsibility ("PDMRs") as set forth in the table below.

The issuance was an automatic vesting on conclusion of a three-year vesting period of awards originally granted on 7 May 2020 under the Drax Group plc Long-Term Incentive Plan 2020 (the "LTIP 2020").

The Company was notified on 10 May 2023 that each PDMR sold sufficient shares to satisfy their liability to Income Tax and National Insurance Contributions ("Tax Liability") arising on the vesting of shares at 606.6594 pence per share. Each of the PDMRs retained the balance of the shares as noted below.

Director/PDMR	Total LTIP 2020 award vesting	Number of shares sold to meet the tax liability	Net shares retained	Total number of shares held in the Company
Will Gardiner	626,259	295,080	331,179	1,074,050
Andy Skelton	357,043	168,231	188,812	453,633
Penelope Small	156,563	73,778	82,785	116,263
Paul Sheffield	157,795	74,358	83,437	112,358
Matt White	58,434	19,540	38,894	38,894

The information below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

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	Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.
Price(s) and volume(s)	Price(s) Volume(s) 606.6594 pence per share 295,080
Aggregated information -     Aggregated volume -     Price	n/a
Date of the transaction	10 May 2023
Place of the transaction	XLON

Details of PDMR / person closely associated with them ("PCA")
Name	Andy 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	Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.
Price(s) and volume(s)	Price(s) Volume(s) 606.6594 pence per share 168,231
Aggregated information -     Aggregated volume -     Price	n/a
Date of the transaction	10 May 2023
Place of the transaction	XLON

Details of PDMR / person closely associated with them ("PCA")
Name	Penelope Small
Reason for the notification
Position / status	Group Generation Director
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	Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.
Price(s) and volume(s)	Price(s) Volume(s) 606.6594 pence per share 73,778
Aggregated information -     Aggregated volume -     Price	n/a
Date of the transaction	10 May 2023
Place of the transaction	XLON

Details of PDMR / person closely associated with them ("PCA")
Name	Paul Sheffield
Reason for the notification
Position / status	Chief Commercial 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	Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.
Price(s) and volume(s)	Price(s) Volume(s) 606.6594 pence per share 74,358
Aggregated information -     Aggregated volume -     Price	n/a
Date of the transaction	10 May 2023
Place of the transaction	XLON

Details of PDMR / person closely associated with them ("PCA")
Name	Matt White
Reason for the notification
Position / status	Executive Vice President
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	Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.
Price(s) and volume(s)	Price(s) Volume(s) 606.6594 pence per share 19,540
Aggregated information -     Aggregated volume -     Price	n/a
Date of the transaction	10 May 2023
Place of the transaction	XLON

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