Director/PDMR Shareholding

Source: RNS
RNS Number : 8691C
Drax Group PLC
04 September 2024
 

4 September 2024

 

Drax Group plc

("Drax" or "the Company")

 

Symbol: DRX

 

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

 

On Tuesday 3 September 2024, awards over shares were made under The Drax Group plc Long Term Incentive Plan 2020 (LTIP), as part of the normal annual cycle of grants. Consequently, the share interests of the under-noted persons discharging managerial responsibility (PDMRs) have changed following the granting of these awards.

 

Awards made under the LTIP

 

The awards, made for nil consideration under the LTIP, are conditional awards and will vest over a period of up to three years subject to continued employment and to the extent any applicable performance conditions are met.

 

PDMR

Number of shares over which LTIP award made

Lee Dawes

54,347

Paul Sheffield

59,006

 

 

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

Lee Dawes

Reason for the notification

Position / status

Chief Operations 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

Identification code

Ordinary shares of 11 16/29 pence

GB00B1VNSX38

Nature of the transaction

Award made pursuant to the Drax Group plc Long Term Incentive Plan 2020 ("LTIP")

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

54,347

Aggregated information

-     Aggregated volume

-     Price

 

N/A

Date of the transaction

3 September 2024

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

Identification code

Ordinary shares of 11 16/29 pence

GB00B1VNSX38

Nature of the transaction

Award made pursuant to the Drax Group plc Long Term Incentive Plan 2020 ("LTIP")

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

59,006

Aggregated information

-     Aggregated volume

-     Price

 

N/A

Date of the transaction

3 September 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 or visit 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.
 
END
 
 
DSHLIMRTMTAMMLI