Drax Group PLC

Director's Dealing • Apr 17, 2020

National Storage Mechanism | Additional information

RNS Number : 0179K

Drax Group PLC

17 April 2020

17 April 2020

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

On 15 April 2020, Grants of Options were made through the Drax Group plc Sharesave Plan ('the Sharesave Plan'). The interests of the under-noted Director and Persons Discharging Managerial Responsibility have changed following each one being granted an option under the Sharesave Plan.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation 596/2014 notification and is in respect of ordinary shares of 11 16/29 pence each in the share capital of the Company. As at the date of announcement, there are 410,571,755 ordinary shares of 11 16/29 pence each, of which 13,841,295 ordinary shares are held in treasury. Treasury shares do not carry voting rights.

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

Name

Will Gardiner

Reason for the notification

Position / status

Group Chief Executive

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

Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*

Price(s) and volume(s)

Price(s)	Volume(s)
127.1 pence per share	23,603

Aggregated information

-     Aggregated volume

-     Price

N/A

N/A

Date of the transaction

2020.04.15

Place of the transaction

Outside a trading venue

* Note, Will Gardiner cancelled a 2016 5 year Sharesave contract on the 30th March 2020.

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

Name

Andrew Skelton

Reason for the notification

Position / status

Chief Financial Officer

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

Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*

Price(s) and volume(s)

Price(s)	Volume(s)
127.1 pence per share	23,603

Aggregated information

-     Aggregated volume

-     Price

N/A

N/A

Date of the transaction

2020.04.15

Place of the transaction

Outside a trading venue

*Note, Andy Skelton cancelled a 2019 5 year Sharesave contract on the 31st March 2020.

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

Name

Clare Harbord

Reason for the notification

Position / status

Group Director of Corporate Affairs

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

Grant of share options under the Drax Group plc Sharesave Plan (3 year contract)*

Price(s) and volume(s)

Price(s)	Volume(s)
127.1 pence per share	14,162

Aggregated information

-     Aggregated volume

-     Price

N/A

N/A

Date of the transaction

2020.04.15

Place of the transaction

Outside a trading venue

*Note, Clare Harbord cancelled a 2019 5 year Sharesave contract on the 31st March 2020.

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

Name

Jason Shipstone

Reason for the notification

Position / status

Chief Innovation Officer

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

Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*

Price(s) and volume(s)

Price(s)	Volume(s)
127.1 pence per share	23,603

Aggregated information

-     Aggregated volume

-     Price

N/A

N/A

Date of the transaction

2020.04.15

Place of the transaction

Outside a trading venue

* Note, Jason Shipstone cancelled a 2019 5 year Sharesave contract on the 30th March 2020.

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

Name

Penny Small

Reason for the notification

Position / status

Chief Transformation Officer

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

Grant of share options under the Drax Group plc Sharesave Plan (3 year contract)*

Price(s) and volume(s)

Price(s)	Volume(s)
127.1 pence per share	14,162

Aggregated information

-     Aggregated volume

-     Price

N/A

N/A

Date of the transaction

2020.04.15

Place of the transaction

Outside a trading venue

*Note, Penny Small cancelled a 2019 3 year Sharesave contract on the 24th March 2020.

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

Name

Paul Sheffield

Reason for the notification

Position / status

Managing Director, Customers

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

Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)*

Price(s) and volume(s)

Price(s)	Volume(s)
127.1 pence per share	23,603

Aggregated information

-     Aggregated volume

-     Price

N/A

N/A

Date of the transaction

2020.04.15

Place of the transaction

Outside a trading venue

*Note, Paul Sheffield cancelled a 2018 3 year Sharesave contract on the 26th March 2020.

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

GB00B1VNSX38

Nature of the transaction

Grant of share options under the Drax Group plc Sharesave Plan (5 year contract)

Price(s) and volume(s)

Price(s)	Volume(s)
127.1 pence per share	23,603

Aggregated information

-     Aggregated volume

-     Price

N/A

N/A

Date of the transaction

2020.04.15

Place of the transaction

Outside a trading venue

--ENDS--

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHIRMRTMTJBMPM