REG - Drax Group Plc - Director/PDMR Shareholding

DraxAnnouncement

17/04/2024 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240417:nRSQ9543Ka&default-theme=true

RNS Number : 9543K  Drax Group PLC  17 April 2024

17 April 2024

 

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 15 April 2024, 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 of the first tranche of "buyout" awards
originally granted on 15 March 2024 under the Drax Group plc Long-Term
Incentive Plan 2020 (the "LTIP") to replace awards forfeited with her previous
employer.

 

The Company was notified on 15 April 2024 that Laurie Fitzmaurice sold
sufficient shares to satisfy her tax liability arising on the vesting of
shares. Shares were sold at a price of 501 pence per share.

 

 Director/PDMR       Total LTIP award vesting  Number of shares sold to meet the tax liability  Net shares retained  Total number of shares held in the Company
 Laurie Fitzmaurice  16,420                    5,710                                            10,710               10,710

 

 

 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                                     Laurie Fitzmaurice
 Reason for the notification
 Position / status                        President - Global BECCS
 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  Ordinary shares of 11 16/29 pence

 Identification code                      GB00B1VNSX38
 Nature of the transaction                Automatic vesting of the LTIP awards and sale of sufficient shares to cover
                                          taxes due.
 Price(s) and volume(s)                   Price(s)             Volume(s)
                                          501 pence per share  5,710
 Aggregated information

 -     Aggregated volume                  N/A

 -     Price
 Date of the transaction                  15 April 2024
 Place of the transaction                 XLON

Aggregated information

-     Aggregated volume

-     Price

 

N/A

 

Date of the transaction

15 April 2024

Place of the transaction

XLON

 

 

 

 

 

--ENDS--

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHIRMRTMTABMTI