Drax Group PLC Director/PDMR Shareholding

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 Identification code	Ordinary shares of 11 16/29 pence 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 -     Price	N/A
Date of the transaction	15 April 2024
Place of the transaction	XLON

 

 

 

 

 

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