We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Drax Group Plc | LSE:DRX | London | Ordinary Share | GB00B1VNSX38 | ORD 11 16/29P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -9.40 | -1.90% | 485.40 | 489.00 | 490.60 | 501.50 | 485.60 | 493.60 | 2,238,069 | 16:35:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electric Services | 8.13B | 562.2M | 1.4615 | 3.34 | 1.88B |
From Apr 2019 to Apr 2024
TIDMDRX
RNS Number : 5390L
Drax Group PLC
20 April 2018
20 April 2018
DRAX GROUP PLC
(Symbol: DRX)
Share Repurchase Programme
Drax Group plc (the Company) today announces that it is commencing a GBP50 million share buy-back programme of the Company's shares of 11 (16) /(29) pence each (the Programme). The purpose of the Programme is to reduce the Company's share capital. The shares purchased by the Company will be held in treasury pending cancellation or re-issue.
The maximum number of shares that may be repurchased by the Company under the Programme is 40,670,254. The Programme is expected to be completed no later than 21 January 2019.
The Company has entered into an agreement with J.P. Morgan Securities plc (JPMS plc) pursuant to which it has issued an irrevocable instruction to JPMS plc to manage the Programme. JPMS plc will carry out the Programme through the acquisition of ordinary shares in the Company within certain pre-defined parameters for subsequent repurchase by the Company. The arrangement agreed is in accordance with Chapter 12 of the UKLA Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.
JPMS plc may undertake transactions in shares (which may include sales and hedging activities, in addition to purchases which may take place on any available trading venue or on an over the counter basis) in order to manage its market exposure under the Programme. Disclosure of such transactions will not be made by JPMS plc as a result of or as part of the Programme, but JPMS plc will continue to make any disclosures it is otherwise legally required to make.
Enquiries:
Investor Relations:
Mark Strafford
+44 (0) 1757 612 491
Media:
Ali Lewis
+44 (0) 1757 612 165
Website: www.drax.com
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBKLLFVZFFBBV
(END) Dow Jones Newswires
April 20, 2018 02:00 ET (06:00 GMT)
1 Year Drax Chart |
1 Month Drax Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
