REG - Drax Group Plc - Director/PDMR Shareholding

DraxAnnouncement

11/10/2019 09:00

RNS Number : 5379P
Drax Group PLC
11 October 2019
 


11 October 2019
DRAX GROUP PLC
Symbol: DRX
 
Notification of Transactions of Persons Discharging Managerial Responsibility
 
The notification below is 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 10 October 2019, a performance share award over 99,878 shares was made under the Drax Group plc Performance Share Plan ("PSP") to Esa Heiskanen. The performance award, made for nil consideration, is a conditional award with vesting normally deferred for three years, subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date.  
 
There were 410,270,609 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.
 
 




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
GB00BIVNSX38




Nature of the transaction


Performance award made pursuant to the Drax Group plc Performance Share Plan ("PSP")




Price(s) and volume(s)






Price(s)


Volume(s)




nil


99,878




 
 




Aggregated information
-      Aggregated volume
-      Price


 
 
 
nil




Date of the transaction


10 October 2019




Place of the transaction


Outside a trading venue




 
 
 
--ENDS--




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