Drax Group PLC

Director's Dealing • Apr 5, 2024

National Storage Mechanism | Additional information

RNS Number : 4114J

Drax Group PLC

05 April 2024

05 April 2024

Drax Group plc

("Drax" or "the Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

Vesting of Deferred Share Plan Shares

On 3 April 2024, shares in Drax Group plc were issued to Will Gardiner (CEO) and Andy Skelton (CFO) as set forth in the table below.

The issuance was an automatic vesting on conclusion of a three-year vesting period for awards originally granted on 1 April 2021 under the Drax Group plc Deferred Share Plan (the "DSP"). The shares granted in April 2021 represented the deferred element of the annual bonus for the financial year ended 31 December 2020.

The Company was notified on 3 April 2024 that Will Gardiner and Andy Skelton each sold sufficient shares to satisfy their liability to Income Tax and National Insurance Contributions ("Tax Liability") arising on the vesting of shares . Shares were sold at a price of 489.1012 pence per share. The retained shares for both Will Gardiner and Andy Skelton are subject to a two-year post-vesting holding period.

Director/PDMR	Total DSP award vesting 1	Number of shares sold to meet the tax liability	Net shares retained
Will Gardiner	60,237	28,412	31,825
Andy Skelton	33,645	15,869	17,776

Notes:

1.       Includes shares in lieu of accrued dividends throughout the holding period.

Vesting of Long-Term Incentive Plan Shares

On 3 April 2024, 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 for awards originally granted on 1 April 2021 under the Drax Group plc Long-Term Incentive Plan 2020 (the "LTIP").

The Company was notified on 3 April 2024 that Will Gardiner, Andy Skelton and Paul Sheffield sold sufficient shares to satisfy their liability to Income Tax and National Insurance Contributions ("Tax Liability") arising on the vesting of shares . Shares were sold at a price of 489.1012 pence per share. The retained shares for both Will Gardiner and Andy Skelton are subject to a two-year post-vesting holding period. Penelope Small sold all shares arising on the vesting of the 1 April 2021 grant under the LTIP. Shares were sold at a price of 489.1012 pence per share.

Director/PDMR	Total LTIP award vesting	Number of shares sold to meet the tax liability	Net shares retained	Total number of shares held in the Company (incl. held by spouse)
Will Gardiner	294,746	139,018	155,728	1,272,964
Andy Skelton	168,039	79,256	88,783	577,614
Paul Sheffield	74,262	35,026	39,236	55,554

Director/PDMR	Total LTIP award vesting	Number of shares sold	Net shares retained	Total number of shares held in the Company (incl. held by spouse)
Penelope Small	73,684	73,684	0	130,425

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 and DSP awards and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
489.1012 pence per share	139,018
489.1012 pence per share	28,412

Aggregated information

-     Aggregated volume

-     Price

167,430

489.1012 pence per share

Date of the transaction

03 April 2024

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 and DSP awards and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
489.1012 pence per share	79,256
489.1012 pence per share	15,869

Aggregated information

-     Aggregated volume

-     Price

95,125

489.1012 pence per share

Date of the transaction

03 April 2024

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 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)	Volume(s)
489.1012 pence per share	35,026

Aggregated information

-     Aggregated volume

-     Price

n/a

Date of the transaction

03 April 2024

Place of the transaction

XLON

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

Name

Penelope Small

Reason for the notification

Position / status

Interim Chief Operations 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 award and sale of all vested shares.

Price(s) and volume(s)

Price(s)	Volume(s)
489.1012 pence per share	73,684

Aggregated information

-     Aggregated volume

-     Price

n/a

Date of the transaction

03 April 2024

Place of the transaction

XLON

--ENDS--

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