Drax Group PLC Director/PDMR Shareholding (5379P)

TIDMDRX

RNS Number : 5379P

Drax Group PLC

11 October 2019

11 October 2019

DRAX GROUP PLC

Symbol: DRX

Notification of Transactions of Persons Discharging Managerial Responsibility

The notification below is in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 and the dealings were in respect of ordinary shares of 11 (16) /(29) pence each in the share capital of Drax Group plc.

On 10 October 2019, a performance share award over 99,878 shares was made under the Drax Group plc Performance Share Plan ("PSP") to Esa Heiskanen. The performance award, made for nil consideration, is a conditional award with vesting normally deferred for three years, subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date.

There were 410,270,609 shares in issue at the time of this notification.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 Details of PDMR / person closely associated with them ("PCA") 
 Name                            Esa Heiskanen 
                                --------------------------------------- 
 Reason for the notification 
 Position / status               EVP Capital Projects 
                                --------------------------------------- 
 Initial notification            Initial Notification 
  / amendment 
                                --------------------------------------- 
 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                     Ordinary shares of 11 16/29 pence 
  of the financial                GB00BIVNSX38 
  instrument 
  Identification 
  code 
                                --------------------------------------- 
 Nature of the                   Performance award made pursuant to the 
  transaction                     Drax Group plc Performance Share Plan 
                                  ("PSP") 
                                --------------------------------------- 
 Price(s) and                     Price(s)    Volume(s) 
  volume(s)                        nil         99,878 
                                              ---------- 
                                --------------------------------------- 
      Aggregated information 
        *    Aggregated volume 
 
                                   nil 
        *    Price 
                                --------------------------------------- 
 Date of the                     10 October 2019 
  transaction 
                                --------------------------------------- 
 Place of the                    Outside a trading venue 
  transaction 
                                --------------------------------------- 
 

--ENDS--

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October 11, 2019 04:00 ET (08:00 GMT)