19 August 2021
Drax Group plc
("Drax" or "the Company")
Symbol: DRX
Notification of Transactions of Directors,
Persons Discharging Managerial Responsibility or Connected Persons
Jason Shipstone, Chief Innovation Officer and a PDMR, has notified the Company that on 19 August 2021 in two transactions as specified in more detail in the table below, he sold in aggregate 9,512 ordinary shares in the Company at an aggregate price of 425.7166 pence per share. Following the transaction, Jason Shipstone's total shareholding in the Company is 50,339 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 412,740,953 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 | Jason Shipstone | ||||||
| Reason for the notification | |||||||
| Position / status | Chief Innovation Officer | ||||||
| Initial notification / amendment | Initial Notification | ||||||
| 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 instrument Identification code | Ordinary shares of 11 16/29 pence GB00B1VNSX38 | ||||||
| Nature of the transaction | Sale of 2,612 ordinary shares held on his behalf in the Drax Group plc Share Incentive Plan (SIP) Trust and a parallel sale of 6,900 ordinary shares held in his own name | ||||||
| Price(s) and volume(s) |
| ||||||
| Aggregated information - Aggregated volume - Price |
9,512 ordinary shares 425.7166 pence per share | ||||||
| Date of the transaction | 19 August 2021 | ||||||
| Place of the transaction | London Stock Exchange | ||||||
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