Director/PDMR Shareholding

Drax Group PLC
12 May 2023
 

12 May 2023

 

Drax Group plc

("Drax" or "the Company")

 

Symbol: DRX

 

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

 

 

Vesting of Long-Term Incentive Plan Shares

On 9 May 2023, 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 of awards originally granted on 7 May 2020 under the Drax Group plc Long-Term Incentive Plan 2020 (the "LTIP 2020").

 

The Company was notified on 10 May 2023 that each PDMR sold sufficient shares to satisfy their liability to Income Tax and National Insurance Contributions ("Tax Liability") arising on the vesting of shares at 606.6594 pence per share. Each of the PDMRs retained the balance of the shares as noted below.

 

Director/PDMR

Total LTIP 2020 award vesting

Number of shares sold to meet the tax liability

Net shares retained

Total number of shares held in the Company

Will Gardiner

626,259

295,080

331,179

1,074,050

Andy Skelton

357,043

168,231

188,812

453,633

Penelope Small

156,563

73,778

82,785

116,263

Paul Sheffield

157,795

74,358

83,437

112,358

Matt White

58,434

19,540

38,894

38,894

 

 

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 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)

Volume(s)

606.6594 pence per share

295,080



Aggregated information

-     Aggregated volume

-     Price

 

n/a

Date of the transaction

10 May 2023

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 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)

Volume(s)

606.6594 pence per share

168,231



Aggregated information

-     Aggregated volume

-     Price

 

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

 

 

 

 

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

Name

Penelope Small

Reason for the notification

Position / status

Group Generation Director

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 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)

Volume(s)

606.6594 pence per share

73,778



Aggregated information

-     Aggregated volume

-     Price

 

n/a

Date of the transaction

10 May 2023

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 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)

Volume(s)

606.6594 pence per share

74,358



Aggregated information

-     Aggregated volume

-     Price

 

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

 

 

 

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

Name

Matt White

Reason for the notification

Position / status

Executive Vice President

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 2020 award and sale of sufficient shares to cover taxes due.

Price(s) and volume(s)

Price(s)

Volume(s)

606.6594 pence per share

19,540



Aggregated information

-     Aggregated volume

-     Price

 

n/a

Date of the transaction

10 May 2023

Place of the transaction

XLON

 

--ENDS--

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Drax Group (DRX)
UK 100

Latest directors dealings