Director/PDMR Shareholding

RNS Number : 2238J

Drax Group PLC

19 August 2021

 

19 August 2021

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

Jason Shipstone, Chief Innovation Officer and a PDMR, has notified the Company that on 19 August 2021 in two transactions as specified in more detail in the table below, he sold in aggregate 9,512 ordinary shares in the Company at an aggregate price of 425.7166 pence per share. Following the transaction, Jason Shipstone's total shareholding in the Company is 50,339 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 412,740,953 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	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	Sale of 2,612 ordinary shares held on his behalf in the Drax Group plc Share Incentive Plan (SIP) Trust and a parallel sale of 6,900 ordinary shares held in his own name
Price(s) and volume(s)	Price(s) Volume(s) 425.4298 pence per share 2,612 425.8251 pence per share 6,900
Aggregated information -  Aggregated volume -  Price	9,512 ordinary shares 425.7166 pence per share
Date of the transaction	19 August 2021
Place of the transaction	London Stock Exchange

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