Drax Group PLC — Director's Dealing 2017

May 17, 2017

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RNS Number : 4612F

Drax Group PLC

17 May 2017

17 May 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 15 May 2017, Awards over shares were made under the Drax Group plc Performance Share Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Awards.

The Awards, made for nil consideration, are conditional awards and vesting is subject to performance conditions (relative total shareholder return (50% of each Award) and average corporate balanced scorecard (50% of each Award)) established in accordance with the rules of the Plan and measured over a three year period commencing on 1 January 2017.  

Director/PDMR	Number of shares over which Awards made
Will Gardiner	213,326
Clare Harbord	76,235
Jonathan Kini	70,136
Andy Koss	169,567
Pete Madden	90,443
Dorothy Thompson	313,956

There were 406,851,207 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

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

Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	213,326

d)

Aggregated information

-      Aggregated volume

-      Price

213,326

nil

e)

Date of the transaction

2017-05-15

f)

Place of the transaction

Outside a trading venue

1.

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

a)

Name

Clare Harbord

2.

Reason for the notification

a)

Position / status

Director of Corporate Affairs            

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

Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	76,235

d)

Aggregated information

-      Aggregated volume

-      Price

76,235

Nil

e)

Date of the transaction

2017-05-15

f)

Place of the transaction

Outside a trading venue

1.

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

a)

Name

Jonathan Kini

2.

Reason for the notification

a)

Position / status

Chief Executive, Drax Retail

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

Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	70,136

d)

Aggregated information

-      Aggregated volume

-      Price

70,136

nil

e)

Date of the transaction

2017-05-15

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

Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	169,567

d)

Aggregated information

-      Aggregated volume

-      Price

169,567

nil

e)

Date of the transaction

2017-05-15

f)

Place of the transaction

Outside a trading venue

1.

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

a)

Name

Pete Madden

2.

Reason for the notification

a)

Position / status

Chief Executive, Drax Biomass

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

Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	90,443

d)

Aggregated information

-      Aggregated volume

-      Price

90,443

nil

e)

Date of the transaction

2017-05-15

f)

Place of the transaction

Outside a trading venue

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

Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	313,956

d)

Aggregated information

-      Aggregated volume

-      Price

313,956

nil

e)

Date of the transaction

2017-05-15

f)

Place of the transaction

Outside a trading venue

David McCallum

Company Secretary

--ENDS--

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