Director/PDMR Shareholding - Correction

RNS Number : 3587B

Drax Group PLC

03 March 2014

 



03 March 2014

DRAX GROUP PLC

Symbol: DRX

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This notification is made further to an announcement made on 28 February 2014, which due to an administrative error, incorrectly stated the number of Deferred Shares awarded.  The correct position is noted below (there has been no change to the number of Matching Shares awarded).

The notifications below are all in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b) and the dealings were in respect of ordinary shares of 11 ¹⁶/₂₉ pence each in the share capital of Drax Group plc.

On 26 February 2014, Matching Awards and Deferred Awards were made through the Drax Bonus Matching Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the share awards.

The Matching Awards, made at nil consideration, are conditional awards and vesting is subject to performance conditions established in accordance with the rules of the Plan and measured over a three year period commencing on 1 January 2014.  

The Deferred Awards are in respect of the deferred element of the annual bonus for 2013, which is paid in shares deferred for three years and subject to the participant remaining in employment until the vesting date.

Director/PDMR	Number of Matching Shares Awarded	Number of Deferred Shares Awarded
Peter Emery	67,936	11,322
Philip Hudson	40,127	-
Andrew Koss	33,982	-
Tony Quinlan	82,494	13,749
Matthew Rivers	38,608	-
Paul Taylor	57,089	9,514
Dorothy Thompson	131,425	21,904

There were 402,570,658 shares in issue at the time of this notification.

Philip Hudson

Company Secretary

--ENDS--

 

END

 

 

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