Drax Group PLC Director/PDMR Shareholding (5676O)

TIDMDRX

RNS Number : 5676O

Drax Group PLC

21 August 2017

21 August 2017

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

Further to the announcement made on 19 July 2017, Drax confirms that David Nussbaum joined the Company as a non-executive director on 1 August 2017 as planned.

David Nussbaum has notified the Company that on 18 August 2017 he purchased 7,500 ordinary shares in Drax at a price of 315.0344 pence per share.

The shares are to be registered in his own name and the total number of ordinary shares in which David Nussbaum has an interest following this acquisition is 7,500.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation 596/2014 notification and is in respect of ordinary shares of 11 (16) /(29) pence each in the share capital of the Company of which there were 406,862,155 shares in issue at the time of the dealing.

 
 Details of PDMR / person closely associated 
  with them ("PCA") 
------------------------------------------------------------ 
 Name                            David Nussbaum 
------------------------------  ---------------------------- 
 Reason for the notification 
------------------------------------------------------------ 
 Position                        Non-executive director 
  / status 
------------------------------  ---------------------------- 
 Initial notification            Initial Notification 
  / amendment 
------------------------------  ---------------------------- 
 Details of the issuer, emission allowance 
  market participant, auction platform, auctioneer 
  or auction monitor 
------------------------------------------------------------ 
 Name                            Drax Group plc 
------------------------------  ---------------------------- 
 LEI                             n/a 
------------------------------  ---------------------------- 
 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                     Ordinary shares of 11 16/29 
  of the financial                pence 
  instrument                      GB00BIVNSX38 
  Identification 
  code 
------------------------------  ---------------------------- 
 Nature of                       Purchase of shares 
  the transaction 
------------------------------  ---------------------------- 
 Price(s)                         Price(s)   Volume(s) 
  and volume(s)                   ---------  ---------- 
                                   315.0344   7,500 
                                  ---------  ---------- 
------------------------------  ---------------------------- 
      Aggregated 
       information 
        *    Aggregated volume 
 
 
        *    Price 
------------------------------  ---------------------------- 
 Date of the                     2017-08-18 
  transaction 
------------------------------  ---------------------------- 
 Place of                        London Stock Exchange 
  the transaction 
------------------------------  ---------------------------- 
 

David McCallum

Company Secretary

--ENDS--

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 21, 2017 09:26 ET (13:26 GMT)