Drax Group PLC Director/PDMR Shareholding (2949K)

TIDMDRX

RNS Number : 2949K

Drax Group PLC

04 May 2022

4 May 2022

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

Will Gardiner, CEO and a PDMR, has notified the Company that on 3 May 2022 he sold 30,000 ordinary shares in the Company at an aggregate price of 808.5 pence per share. Following the transaction, Will Gardiner's total shareholding in the Company is 693,375 shares.

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. As at the date of announcement, there are 414,397,016 ordinary shares of 11 (16) /(29) pence each, of which 13,841,295 ordinary shares are held in treasury. Treasury shares do not carry voting rights.

 
 Details of PDMR / person closely associated with them ("PCA") 
 Name                            Will Gardiner 
                                ------------------------------------- 
 Reason for the notification 
 Position / status               Group CEO 
                                ------------------------------------- 
 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 of the financial    Ordinary shares of 11 16/29 pence 
  instrument                      GB00B1VNSX38 
  Identification code 
                                ------------------------------------- 
 Nature of the transaction       Sale of ordinary shares 
                                ------------------------------------- 
 Price(s) and volume(s)           Price(s)                 Volume(s) 
                                   808.5 pence per share    30,000 
                                                           ---------- 
                                ------------------------------------- 
      Aggregated information     N/A (single transaction) 
        *    Aggregated volume 
 
 
        *    Price 
                                ------------------------------------- 
 Date of the transaction         3 May 2022 
                                ------------------------------------- 
 Place of the transaction        London Stock Exchange 
                                ------------------------------------- 
 

--ENDS--

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(END) Dow Jones Newswires

May 04, 2022 06:03 ET (10:03 GMT)