Director/PDMR Shareholding

RNS Number : 7346Z

Drax Group PLC

11 March 2013

 



11 March 2013

Drax Group plc

("Drax" or the "Company")

Symbol: DRX

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

The notifications below are 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 the Company of which there were 401,590,233 shares in issue at the time of the dealing.

On 8 March 2013, the individuals below, each a person discharging managerial responsibility, had nil cost conditional deferred share awards vest in relation to the deferred element of annual bonus awards made on 8 March 2010 and entered into transactions in the Company's ordinary shares as detailed in the table below.

Details of the vesting and sale transactions are as follows:-

	Deferred Awards vesting1	Shares sold2	Shares retained	Total number of shares held at 11 March 2013
Peter Emery	16,893	8,816	8,077	48,295
Philip Hudson	9,868	5,150	4,718	10,529
Tony Quinlan	20,538	10,718	9,820	15,993
Paul Taylor	12,496	6,521	5,975	13,565
Dorothy Thompson	34,719	18,118	16,601	96,831

Notes:

1.     This is inclusive of Distribution Shares added at vesting based on accrued dividends throughout the holding period.

2.     The shares sold were required to be sold under the rules of the plan to satisfy income tax and National Insurance Contributions liabilities and were sold on the London Stock Exchange at 621.51 pence per share.

In addition, the following performance share awards lapsed due to their Performance Conditions not being met:

	Awards Lapsed
Peter Emery	85,171
Philip Hudson	49,753
Tony Quinlan	103,541
Paul Taylor	63,003
Dorothy Thompson	175,039

Philip Hudson

Company Secretary

--ENDS--

 

END

 

 

RDSJBMATMBABBRJ