Director/PDMR Shareholding

RNS Number : 3760U

Drax Group PLC

28 March 2019

 

28 March 2019

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 the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 and the dealings were in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of Drax Group plc.

On 28 March 2019, awards over shares were made under the Drax Group plc Deferred Share Plan ("DSP") and performance share awards made under the Drax Group plc Performance Share Plan ("PSP"). Consequently, the share interests of the under-noted directors and persons discharging managerial responsibility (PDMRs) have changed following the making of these awards.

The deferred awards, made under the DSP for nil consideration as conditional awards, were made in respect of the deferred element of the annual bonus for 2018.  Vesting of the DSP shares is normally deferred for three years and subject to the participant remaining in employment until the vesting date. 

The performance awards, made for nil consideration under the PSP, are conditional awards for PDMRs. Vesting of the performance award shares is normally deferred for three years and subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date.  

Director/PDMR	Number of shares over which Deferred Awards made	Number of shares over which Performance Awards made
Will Gardiner	38,941	247,245
Andy Koss	22,617	153,863
Andy Skelton		165,607
Clare Harbord		68,942
Jonathan Kini		111,960
Penny Small		70,641

There were 407,933,944 shares in issue at the time of this notification.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Will Gardiner
2.	Reason for the notification
a)	Position / status	Group Chief Executive
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	549300YPSNTXR4ZHSR98
4.	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
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	(i) Deferred awards made pursuant to the Drax Group plc Deferred Share Plan ("DSP") (ii) Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) (i) nil 38,941 (ii) nil 247,245
d)	Aggregated information -      Aggregated volume -      Price	286,186 nil
e)	Date of the transaction	28 March 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Andrew Koss
2.	Reason for the notification
a)	Position / status	Chief Executive, Drax Power
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	549300YPSNTXR4ZHSR98
4.	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
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	(i)            Deferred awards made pursuant to the Drax Group plc Deferred Share Plan ("DSP") (ii)           Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) (i) nil 22,617 (ii) nil 153,863
d)	Aggregated information -      Aggregated volume -      Price	176,480 nil
e)	Date of the transaction	28 March 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Andrew Skelton
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	549300YPSNTXR4ZHSR98
4.	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
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 165,607
d)	Aggregated information -      Aggregated volume -      Price	165,607 nil
e)	Date of the transaction	28 March 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Clare Harbord
2.	Reason for the notification
a)	Position / status	Director of Corporate Affairs
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drax Group plc
b)	LEI	549300YPSNTXR4ZHSR98
4.	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
a)	Description of the financial instrument Identification code	Ordinary shares of 11 16/29 pence GB00BIVNSX38
b)	Nature of the transaction	Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 68,942
d)	Aggregated information -      Aggregated volume -      Price	68,942 nil
e)	Date of the transaction	28 March 2019
f)	Place of the transaction	Outside a trading venue

Details of PDMR / person closely associated with them ("PCA")
Name	Jonathan Kini
Reason for the notification
Position / status	Chief Executive, Drax Retail
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 GB00BIVNSX38
Nature of the transaction	Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
Price(s) and volume(s)	Price(s) Volume(s) nil 111,960
Aggregated information -      Aggregated volume -      Price	111,960 nil
Date of the transaction	28 March 2019
Place of the transaction	Outside a trading venue

Details of PDMR / person closely associated with them ("PCA")
Name	Penelope 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 GB00BIVNSX38
Nature of the transaction	Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")
Price(s) and volume(s)	Price(s) Volume(s) nil 70,641
Aggregated information -      Aggregated volume -      Price	70,641 nil
Date of the transaction	28 March 2019
Place of the transaction	Outside a trading venue

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