Drax Group PLC

Director's Dealing • Oct 11, 2019

National Storage Mechanism | Additional information

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RNS Number : 5379P

Drax Group PLC

11 October 2019

11 October 2019

DRAX GROUP PLC

Symbol: DRX

Notification of Transactions of Persons Discharging Managerial Responsibility

The notification below is 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 10 October 2019, a performance share award over 99,878 shares was made under the Drax Group plc Performance Share Plan ("PSP") to Esa Heiskanen. The performance award, made for nil consideration, is a conditional award with vesting normally deferred for three years, subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date.  

There were 410,270,609 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.

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

Name

Esa Heiskanen

Reason for the notification

Position / status

EVP Capital Projects

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

GB00BIVNSX38

Nature of the transaction

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

Price(s) and volume(s)

Price(s)	Volume(s)
nil	99,878

Aggregated information

-      Aggregated volume

-      Price

nil

Date of the transaction

10 October 2019

Place of the transaction

Outside a trading venue

--ENDS--

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