REG - Drax Group Plc - Director/PDMR Shareholding

DraxAnnouncement

21/03/2025 10:15

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RNS Number : 6832B  Drax Group PLC  21 March 2025

21 March 2025

DRAX GROUP PLC

Symbol: DRX

("Drax", "the Group", "Drax Group", "the Company")

 

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

 

On Thursday 20 March 2025, awards over shares were made under The Drax Group
plc Long Term Incentive Plan 2020 (LTIP) and The Drax Group plc Deferred Share
Plan (DSP), as part of the normal annual cycle of grants. Consequently, the
share interests of the under-noted directors and persons discharging
managerial responsibility (PDMRs) have changed following the granting of these
awards.

 

Awards made under the LTIP

 

The performance awards, made for nil consideration under the LTIP, are
conditional awards. Vesting of the LTIP 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. Awards
to Executive Directors are subject to an additional two-year holding period
following the date of vesting.

 

 Director/PDMR       Number of shares over which LTIP award made
 Will Gardiner*      251,621
 Andy Skelton*       138,089
 Lee Dawes           67,973
 Laurie Fitzmaurice  76,130
 Paul Sheffield      68,320

*Executive Directors of Drax Group plc.

 

Awards made under the DSP

 

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
the financial year ended 31 December 2024. Vesting of the DSP shares is
normally deferred for three years and subject to the participant remaining in
employment until the vesting date.

 

 Director/PDMR  Number of shares over which DSP award made
 Will Gardiner  58,291
 Andy Skelton   31,782

 

 

 

Brett Gladden

Group Company Secretary

 

 

 

 

 

The notifications below are all in accordance with the requirements of Article
19 of the UK Market Abuse Regulation.

 

 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  Ordinary shares of 11 16/29 pence

     Identification code                      GB00BIVNSX38
 b)  Nature of the transaction                (i)         Award made pursuant to The Drax Group plc Long Term
                                              Incentive Plan 2020 (LTIP)

                                              (ii)         Deferred award made pursuant to The Drax Group plc
                                              Deferred Share Plan (DSP)

 c)  Price(s) and volume(s)

           Price(s)  Volume(s)
                                              (i)                   Nil       251,621
                                              (ii)                  Nil       58,291
 d)  Aggregated information

     -     Aggregated volume                  N/A

     -     Price
 e)  Date of the transaction                   20 March 2025
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

e)

Date of the transaction

 20 March 2025

f)

Place of the transaction

Outside a trading venue

 

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Andy 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  Ordinary shares of 11 16/29 pence

     Identification code                      GB00BIVNSX38
 b)  Nature of the transaction                (i)         Award made pursuant to The Drax Group plc Long Term
                                              Incentive Plan 2020 (LTIP)

                                              (ii)         Deferred award made pursuant to The Drax Group plc
                                              Deferred Share Plan (DSP)

 c)  Price(s) and volume(s)

           Price(s)  Volume(s)
                                              (i)                   Nil       138,089
                                              (ii)                  Nil       31,782
 d)  Aggregated information

     -     Aggregated volume                  N/A

     -     Price
 e)  Date of the transaction                  20 March 2025
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

e)

Date of the transaction

20 March 2025

f)

Place of the transaction

Outside a trading venue

 

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Paul Sheffield
 2.  Reason for the notification
 a)  Position / status                        Chief Commercial 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  Ordinary shares of 11 16/29 pence

     Identification code                      GB00BIVNSX38
 b)  Nature of the transaction                Awards made pursuant to The Drax Group plc Long Term Incentive Plan 2020
                                              (LTIP)
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                              nil       68,320
 d)  Aggregated information

     -     Aggregated volume                  N/A

     -     Price
 e)  Date of the transaction                  20 March 2025
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

e)

Date of the transaction

20 March 2025

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Laurie Fitzmaurice
 2.  Reason for the notification
 a)  Position / status                        President - Global BECCS
 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  Ordinary shares of 11 16/29 pence

     Identification code                      GB00BIVNSX38
 b)  Nature of the transaction                Award made pursuant to The Drax Group plc Long Term Incentive Plan 2020 (LTIP)

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                              Nil       76,130
 d)  Aggregated information

     -     Aggregated volume                  N/A

     -     Price
 e)  Date of the transaction                  20 March 2025
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

e)

Date of the transaction

20 March 2025

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Lee Dawes
 2.  Reason for the notification
 a)  Position / status                        Chief Operations 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  Ordinary shares of 11 16/29 pence

     Identification code                      GB00BIVNSX38
 b)  Nature of the transaction                Award made pursuant to The Drax Group plc Long Term Incentive Plan 2020 (LTIP)

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                              Nil       67,973
 d)  Aggregated information

     -     Aggregated volume                  N/A

     -     Price
 e)  Date of the transaction                  20 March 2025
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

e)

Date of the transaction

20 March 2025

f)

Place of the transaction

Outside a trading venue

 

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