Director/PDMR Shareholding

RNS Number : 3886U
Drax Group PLC
06 April 2016
 

06 April 2016

DRAX GROUP PLC

Symbol: DRX

 

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") OR CONNECTED PERSONS

 

The notifications below are all in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b).

 

On 5 April 2016, Grants of Options were made through the Drax Group plc Sharesave Plan (the "Plan").  The options are in respect of ordinary shares of 11 16/29 pence each in the share capital of Drax Group plc of which there were 406,683,099 shares in issue at the time of the grants.

 

The interests of the under-noted directors and PDMRs have changed following each one being granted an option under the Plan.

 

The grants were made at nil consideration.

 

 

Director/PDMR

Number of

Share Options Granted

 

Option Price

(per share)

Period during which options will mature and become exercisable

Will Gardiner

14,778

203 pence

1 May 2021 to 31 October 2021

 

Matthew Rivers

8,866

203 pence

1 May 2019 to 31 October 2019

 

 

On 31 March 2016, the PDMR detailed below ceased to have an interest in share options which lapsed upon the termination of a savings contract held under the Plan. Details are also provided of the option price and the period during which the options would have become exercisable had they not lapsed.

 

PDMR

Number of

Share Options Lapsed

 

Option Price

(per share)

Period during which options would mature and become exercisable (had they not lapsed)

Matthew Rivers

9,389

319.5 pence

1 May 2020 to 31 October 2020

 

 

 

Philip Hudson

Company Secretary


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