REG - Drax Group Plc - Director/PDMR Shareholding

DraxAnnouncement

19/03/2025 16:00

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RNS Number : 3537B  Drax Group PLC  19 March 2025

19 March 2025

 

Drax Group plc

("Drax" or "the Company")

 

Symbol: DRX

 

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

 

Vesting of Deferred Share Plan Shares

On 18 March 2025, shares in Drax Group plc were issued to Will
Gardiner (CEO) and Andy Skelton (CFO) as set forth in the table below.

 

The issuance was an automatic vesting on conclusion of a three-year vesting
period of awards originally granted on 18 March 2022 under the Drax
Group plc Deferred Share Plan (the "DSP"). The shares granted in March
2022 represented the deferred element of the annual bonus for the financial
year ended 31 December 2021.

 

The Company was notified on 19 March 2025 that Will Gardiner and Andy
Skelton each sold sufficient shares to satisfy their liability to Income Tax
and National Insurance Contributions ("Tax Liability") arising on the vesting
of shares at 573.86 pence per share. The retained shares for both Will
Gardiner and Andy Skelton are subject to a two-year post-vesting holding
period.

 

 Director/PDMR  Total DSP award vesting(1)  Number of shares sold to meet the tax liability  Net shares retained
 Will Gardiner  50,752                      23,938                                           26,814
 Andy Skelton   28,353                      13,373                                           14,980

 

Notes:

1.     Includes shares in lieu of accrued dividends throughout the
holding period.

 

Vesting of Long-Term Incentive Plan Shares

On 18 March 2025, 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 on conclusion of a three-year vesting
period of awards originally granted on 18 March 2022 under the Drax Group plc
Long-Term Incentive Plan 2020 (the "LTIP").

 

The Company was notified on 19 March 2025 that Will Gardiner, Andy Skelton,
and Paul Sheffield sold sufficient shares to satisfy their liability to Income
Tax and National Insurance Contributions ("Tax Liability") arising on the
vesting of shares at 573.86 pence per share. The retained shares for both
Will Gardiner and Andy Skelton are subject to a two-year post-vesting holding
period.

 

 Director/PDMR   Total LTIP award vesting(1)  Number of shares sold to meet the tax liability  Net shares retained  Total number of shares held in the Company (incl. held by spouse)
 Will Gardiner   192,893                      90,979                                           101,914              1,401,692
 Andy Skelton    107,355                      50,635                                           56,720               649,314
 Paul Sheffield  45,604                       21,510                                           24,094               72,148

 

Notes:

1.     Includes shares in lieu of accrued dividends throughout the
vesting period.

 

 

Vesting of Long-Term Incentive Plan Shares - Buyout award

On 15 March 2025, 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 second 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 17 March 2025 that Laurie Fitzmaurice sold
sufficient shares to satisfy her tax liability arising on the vesting of
shares. Shares were sold at a price of 566.24 pence per share.

 

 

 Director/PDMR       Total LTIP award vesting(1)  Number of shares sold to meet the tax liability  Net shares retained  Total number of shares held in the Company
 Laurie Fitzmaurice  45,368                       14,865                                           30,503               41,213

 

Notes:

1.     Includes shares in lieu of accrued dividends throughout the
vesting period.

 

 

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                                     Will Gardiner
 Reason for the notification
 Position / status                        Chief Executive 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  Ordinary shares of 11 16/29 pence

 Identification code                      GB00B1VNSX38
 Nature of the transaction                Automatic vesting of the DSP and LTIP awards and sale of sufficient shares to
                                          cover taxes due.
 Price(s) and volume(s)                   Price(s)                Volume(s)
                                          573.86 pence per share  23,938
                                          573.86 pence per share  90,979
 Aggregated information

 -     Aggregated volume                  114,917

 -     Price                              573.86 pence per share
 Date of the transaction                  19 March 2025
 Place of the transaction                 XLON

Aggregated information

-     Aggregated volume

-     Price

 

114,917

573.86 pence per share

Date of the transaction

19 March 2025

Place of the transaction

XLON

 

 Details of PDMR / person closely associated with them ("PCA")
 Name                                     Andy Skelton
 Reason for the notification
 Position / status                        Chief Financial 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  Ordinary shares of 11 16/29 pence

 Identification code                      GB00B1VNSX38
 Nature of the transaction                Automatic vesting of the DSP and LTIP awards and sale of sufficient shares to
                                          cover taxes due.
 Price(s) and volume(s)                   Price(s)                Volume(s)
                                          573.86 pence per share  13,373
                                          573.86 pence per share  50,635
 Aggregated information

 -     Aggregated volume                  64,008

 -     Price                              573.86 pence per share
 Date of the transaction                  19 March 2025
 Place of the transaction                 XLON

Aggregated information

-     Aggregated volume

-     Price

 

64,008

573.86 pence per share

Date of the transaction

19 March 2025

Place of the transaction

XLON

 

 Details of PDMR / person closely associated with them ("PCA")
 Name                                     Paul Sheffield
 Reason for the notification
 Position / status                        Chief Commercial 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  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)
                                          573.86 pence per share  21,510
 Aggregated information

 -     Aggregated volume                  N/A

 -     Price
 Date of the transaction                  19 March 2025
 Place of the transaction                 XLON

Aggregated information

-     Aggregated volume

-     Price

 

N/A

 

Date of the transaction

19 March 2025

Place of the transaction

XLON

 

 

 Details of PDMR / person closely associated with them ("PCA")
 Name                                     Laurie Fitzmaurice
 Reason for the notification
 Position / status                        President, Carbon Removals
 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)
                                          566.24 pence per share  14,865
 Aggregated information

 -     Aggregated volume                  N/A

 -     Price
 Date of the transaction                  17 March 2025
 Place of the transaction                 XLON

Aggregated information

-     Aggregated volume

-     Price

 

N/A

 

Date of the transaction

17 March 2025

Place of the transaction

XLON

 

 

 

--ENDS--

 

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