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Drax Group PLC Director's Dealing 2025
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 6832B
Drax Group PLC
21 March 2025
21 March 2025
DRAX GROUP PLC
Symbol: DRX
( "Drax", "the Group", "Drax Group", "the Company")
Notification of Transactions of Directors,
Persons Discharging Managerial Responsibility or Connected Persons
On Thursday 20 March 2025, awards over shares were made under The Drax Group plc Long Term Incentive Plan 2020 (LTIP) and The Drax Group plc Deferred Share Plan (DSP), as part of the normal annual cycle of grants. Consequently, the share interests of the under-noted directors and persons discharging managerial responsibility (PDMRs) have changed following the granting of these awards.
Awards made under the LTIP
The performance awards, made for nil consideration under the LTIP, are conditional awards. Vesting of the LTIP award shares is normally deferred for three years and subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date. Awards to Executive Directors are subject to an additional two-year holding period following the date of vesting.
| Director/PDMR | Number of shares over which LTIP award made |
| Will Gardiner* | 251,621 |
| Andy Skelton* | 138,089 |
| Lee Dawes | 67,973 |
| Laurie Fitzmaurice | 76,130 |
| Paul Sheffield | 68,320 |
*Executive Directors of Drax Group plc.
Awards made under the DSP
The deferred awards, made under the DSP for nil consideration as conditional awards, were made in respect of the deferred element of the annual bonus for the financial year ended 31 December 2024. Vesting of the DSP shares is normally deferred for three years and subject to the participant remaining in employment until the vesting date.
| Director/PDMR | Number of shares over which DSP award made |
| Will Gardiner | 58,291 |
| Andy Skelton | 31,782 |
Brett Gladden
Group Company Secretary
The notifications below are all in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Will Gardiner
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
549300YPSNTXR4ZHSR98
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
(i) Award made pursuant to The Drax Group plc Long Term Incentive Plan 2020 (LTIP)
(ii) Deferred award made pursuant to The Drax Group plc Deferred Share Plan (DSP)
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | Nil | 251,621 |
| (ii) | Nil | 58,291 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
20 March 2025
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Andy Skelton
2.
Reason for the notification
a)
Position / status
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
549300YPSNTXR4ZHSR98
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
(i) Award made pursuant to The Drax Group plc Long Term Incentive Plan 2020 (LTIP)
(ii) Deferred award made pursuant to The Drax Group plc Deferred Share Plan (DSP)
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | Nil | 138,089 |
| (ii) | Nil | 31,782 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
20 March 2025
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Paul Sheffield
2.
Reason for the notification
a)
Position / status
Chief Commercial 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
549300YPSNTXR4ZHSR98
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 Long Term Incentive Plan 2020 (LTIP)
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 68,320 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
20 March 2025
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Laurie Fitzmaurice
2.
Reason for the notification
a)
Position / status
President - Global BECCS
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
549300YPSNTXR4ZHSR98
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
Award made pursuant to The Drax Group plc Long Term Incentive Plan 2020 (LTIP)
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 76,130 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
20 March 2025
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Lee Dawes
2.
Reason for the notification
a)
Position / status
Chief Operations 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
549300YPSNTXR4ZHSR98
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
Award made pursuant to The Drax Group plc Long Term Incentive Plan 2020 (LTIP)
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 67,973 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
20 March 2025
f)
Place of the transaction
Outside a trading venue
--ENDS--
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