Drax Group PLC

Director's Dealing • May 12, 2023

National Storage Mechanism | Additional information

RNS Number : 1757Z

Drax Group PLC

12 May 2023

12 May 2023

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 9 May 2023, 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 on conclusion of a three-year vesting period of awards originally granted on 7 May 2020 under the Drax Group plc Long-Term Incentive Plan 2020 (the "LTIP 2020").

The Company was notified on 10 May 2023 that each PDMR sold sufficient shares to satisfy their liability to Income Tax and National Insurance Contributions ("Tax Liability") arising on the vesting of shares at 606.6594 pence per share. Each of the PDMRs retained the balance of the shares as noted below.

Director/PDMR	Total LTIP 2020 award vesting	Number of shares sold to meet the tax liability	Net shares retained	Total number of shares held in the Company
Will Gardiner	626,259	295,080	331,179	1,074,050
Andy Skelton	357,043	168,231	188,812	453,633
Penelope Small	156,563	73,778	82,785	116,263
Paul Sheffield	157,795	74,358	83,437	112,358
Matt White	58,434	19,540	38,894	38,894

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

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

Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
606.6594 pence per share	295,080

Aggregated information

-     Aggregated volume

-     Price

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

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

Name

Andy 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

Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
606.6594 pence per share	168,231

Aggregated information

-     Aggregated volume

-     Price

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

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

Name

Penelope Small

Reason for the notification

Position / status

Group Generation Director

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 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
606.6594 pence per share	73,778

Aggregated information

-     Aggregated volume

-     Price

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

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

Name

Paul Sheffield

Reason for the notification

Position / status

Chief Commercial 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

Automatic vesting of the LTIP 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
606.6594 pence per share	74,358

Aggregated information

-     Aggregated volume

-     Price

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

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

Name

Matt White

Reason for the notification

Position / status

Executive Vice President

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 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
606.6594 pence per share	19,540

Aggregated information

-     Aggregated volume

-     Price

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

--ENDS--

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