Director/PDMR Shareholding

RNS Number : 8439Q

Drax Group PLC

02 March 2016

 

2 March 2016

DRAX GROUP PLC

Symbol: DRX

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

The notifications below are all in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b) and the dealings were in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of Drax Group plc.

On 2 March 2016, Matching Awards and Deferred Awards were made through the Drax Bonus Matching Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the share awards.

The Matching Awards, made at nil consideration, are conditional awards and vesting is subject to performance conditions established in accordance with the rules of the Plan and measured over a three year period commencing on 1 January 2016.  

The Deferred Awards are in respect of the deferred element of the annual bonus for 2015, which is paid in shares deferred for three years and subject to the participant remaining in employment until the vesting date.

Director/PDMR	Number of Matching Shares Awarded	Number of Deferred Shares Awarded
Peter Bennell	62,888	-
Will Gardiner	353,504	5,063
Andy Koss	61,999	-
Pete Madden	23,897	-
Matthew Rivers	62,829	-
Dorothy Thompson	254,183	59,309

There were 406,347,243 shares in issue at the time of this notification.

Philip Hudson

Company Secretary

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