RNS Number : 9543K
Drax Group PLC
17 April 2024
 

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)

Price(s)

Volume(s)

501 pence per share

5,710

Aggregated information

-     Aggregated volume

-     Price

 

N/A

 

Date of the transaction

15 April 2024

Place of the transaction

XLON

 

 

 

 

 

--ENDS--

 

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