Drax Group PLC — Director's Dealing 2017

Mar 30, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 0789B

Drax Group PLC

30 March 2017

30 March 2017

DRAX GROUP PLC

Symbol: DRX

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

The notifications below are all in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 and the dealings were in respect of ordinary shares of 11 16/29 pence each in the share capital of Drax Group plc.

On 28 March 2017, Deferred Awards over shares were made under the Drax Bonus Matching Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Deferred Awards.

The Deferred Awards were made in respect of the deferred element of the annual bonus for 2016.  Vesting of the Deferred Award shares is normally deferred for three years and subject to the participant remaining in employment until the vesting date.

Director/PDMR	Number of shares over which Deferred Awards made
Will Gardiner	50,486
Andy Koss	40,130
Dorothy Thompson	79,611

There were 406,848,843 shares in issue at the time of this notification.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Dorothy Thompson

2.

Reason for the notification

a)

Position / status

Group Chief Executive

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Drax Group plc

b)

LEI

n/a

4.

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

a)

Description of the financial instrument

Identification code

Ordinary shares of 11 16/29 pence

GB00BIVNSX38

b)

Nature of the transaction

Deferred awards made pursuant to the Drax Group plc Bonus Matching Plan ("BMP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	79,611

d)

Aggregated information

-      Aggregated volume

-      Price

79,611

nil

e)

Date of the transaction

2017-03-28

f)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Will Gardiner

2.

Reason for the notification

a)

Position / status

Group Chief Financial Officer

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Drax Group plc

b)

LEI

n/a

4.

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

a)

Description of the financial instrument

Identification code

Ordinary shares of 11 16/29 pence

GB00BIVNSX38

b)

Nature of the transaction

Deferred awards made pursuant to the Drax Group plc Bonus Matching Plan ("BMP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	50,486

d)

Aggregated information

-      Aggregated volume

-      Price

50,486

nil

e)

Date of the transaction

2017-03-28

f)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Andy Koss

2.

Reason for the notification

a)

Position / status

Chief Executive, Drax Power

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Drax Group plc

b)

LEI

n/a

4.

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

a)

Description of the financial instrument

Identification code

Ordinary shares of 11 16/29 pence

GB00BIVNSX38

b)

Nature of the transaction

Deferred awards made pursuant to the Drax Group plc Bonus Matching Plan ("BMP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	40,130

d)

Aggregated information

-      Aggregated volume

-      Price

40,130

nil

e)

Date of the transaction

2017-03-28

f)

Place of the transaction

Outside a trading venue

David McCallum

Company Secretary

--ENDS--

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHJMMATMBJJBLR