REG - Drax Group Plc - Director/PDMR Shareholding
08/05/2026 09:00
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RNS Number : 4867D Drax Group PLC 08 May 2026
8 May 2026
DRAX GROUP PLC
(the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibility and Persons Closely Associated
with them
The Company announces the following transactions in the Company's Ordinary
shares undertaken by persons discharging managerial responsibilities
("PDMRs").
The Drax Group plc Long Term Incentive Plan 2020 ("LTIP")
On 7 May 2026, the following conditional awards were granted under the LTIP
for nil consideration. Vesting of the "Core" and "Stretch" elements of the
LTIP award shares is normally deferred for three years and is subject to the
satisfaction of certain performance conditions and the participant remaining
in employment until the vesting date. The awards granted to the Executive
Directors are subject to an additional two-year holding period following the
date of vesting.
PDMR Number of shares awarded under the Core LTIP Number of shares awarded under the Stretch LTIP
Will Gardiner* 210,477 126,286
Frank Lemmink* 126,609 74,814
Lee Dawes 69,733 34,866
Paul Sheffield 74,955 37,477
*Executive Directors of Drax Group plc
The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulations.
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 GB00B1VNSX38
b) Nature of the transaction (i) Award made pursuant to the Core LTIP
(ii) Award made pursuant to the Stretch LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
(i) Nil 210,477
(ii) Nil 126,286
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 7 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
7 May 2026
f)
Place of the transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ("PCA")
a) Name Frank Lemmink
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 GB00B1VNSX38
b) Nature of the transaction (i) Award made pursuant to the Core LTIP
(ii) Award made pursuant to the Stretch LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
(i) Nil 126,609
(ii) Nil 74,814
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 7 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
7 May 2026
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 GB00B1VNSX38
b) Nature of the transaction (i) Award made pursuant to the Core LTIP
(ii) Award made pursuant to the Stretch LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
(i) Nil 74,955
(ii) Nil 37,477
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 7 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
7 May 2026
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 GB00B1VNSX38
b) Nature of the transaction (i) Award made pursuant to the Core LTIP
(ii) Award made pursuant to the Stretch LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
(i) Nil 69,733
(ii) Nil 34,866
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 7 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
7 May 2026
f)
Place of the transaction
Outside a trading venue
--ENDS--
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