Drax Group PLC Transaction in Own Shares (5575N)

TIDMDRX

RNS Number : 5575N

Drax Group PLC

18 January 2019

Transactions in own shares

Drax Group plc (the Company) announces today it has purchased the following number of its ordinary shares of 11 16/29 pence each through J.P. Morgan Securities plc.

 
 Date of purchase:                      18 January 2019 
 Aggregate number of ordinary shares 
  purchased:                            45,015 
 Lowest price paid per share:           407.80000 
 Highest price paid per share:          413.60000 
 Average price paid per share:          411.23235 
 

The Company intends to hold the purchased shares in treasury.

Since 20 April 2018, the Company has purchased 13,797,377 shares at a cost (including dealing and associated costs) of GBP50,071,588.24.

Following the above transaction, the Company holds 13,797,377, of its ordinary shares in treasury and has 393,395,791 ordinary shares in issue (excluding treasury shares).

The table below contains detailed information about the purchases made as part of the buyback programme.

Schedule of Purchases

 
 Shares purchased:    45,015 (ISIN: GB00B1VNSX38) 
 Date of purchases:   18 January 2019 
 Investment firm:     J.P. Morgan Securities plc 
 

Aggregate information:

 
        Venue             Volume-weighted     Aggregated  Lowest price   Highest price 
                         average price (GBp)    volume      per share    per share (GBp) 
                                                              (GBp) 
London Stock Exchange        411.23235          45,015     407.80000       413.60000 
 

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January 18, 2019 11:53 ET (16:53 GMT)