17 April 2024
Drax Group plc
("Drax" or "the Company")
Symbol: DRX
Notification of Transactions of Directors,
Persons Discharging Managerial Responsibility or Connected Persons
Vesting of Long-Term Incentive Plan Shares
On 15 April 2024, shares in Drax Group plc were issued to Persons Discharging Managerial Responsibility ("PDMRs") as set forth in the table below.
The issuance was an automatic vesting of the first tranche of "buyout" awards originally granted on 15 March 2024 under the Drax Group plc Long-Term Incentive Plan 2020 (the "LTIP") to replace awards forfeited with her previous employer.
The Company was notified on 15 April 2024 that Laurie Fitzmaurice sold sufficient shares to satisfy her tax liability arising on the vesting of shares. Shares were sold at a price of 501 pence per share.
| Director/PDMR | Total LTIP award vesting | Number of shares sold to meet the tax liability | Net shares retained | Total number of shares held in the Company |
| Laurie Fitzmaurice | 16,420 | 5,710 | 10,710 | 10,710 |
The information below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
| Details of PDMR / person closely associated with them ("PCA") | |||||
| Name | Laurie Fitzmaurice | ||||
| Reason for the notification | |||||
| Position / status | President - Global BECCS | ||||
| 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 | Automatic vesting of the LTIP awards and sale of sufficient shares to cover taxes due. | ||||
| Price(s) and volume(s) |
| ||||
| Aggregated information - Aggregated volume - Price |
N/A
| ||||
| Date of the transaction | 15 April 2024 | ||||
| Place of the transaction | XLON | ||||
--ENDS--
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