Transaction in Own Shares

Drax Group PLC

19 July 2023

 

Transactions in own shares

Drax Group plc ("Drax Group") announces today that it has, in accordance with the terms of its share

buyback programme announced on 18 May 2023 (the "Programme") purchased the following number

of its ordinary shares of 0.115517 pence each (the "Ordinary Shares") through J.P. Morgan Securities

plc.

Date of purchase:	18 July 2023
Aggregate number of Ordinary Shares purchased:	677
Lowest price paid per share (p):	575.60000
Highest price paid per share (p):	575.60000
Volume weighted average price paid per share (p):	575.6000

The Company intends to hold the purchased Ordinary Shares in treasury.

Following the above transaction, Drax Group will have 424,517,683 Ordinary Shares in issue (including treasury shares). The total number of Ordinary Shares held in treasury is 35,086,975.

The total number of voting rights in Drax Group, excluding treasury shares as at 18 July 2023 is 389,430,708. This figure may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Drax Group under the FCA's Disclosure and Transparency Rules.

Since the announcement of the Programme on 18 May 2023, Drax Group has purchased 21,254,687 Ordinary Shares in aggregate for treasury.

For further information, please contact:

Drax Group

Mark Stafford, Head of Investor

Relations

Brett Gladden, Group Company Secretary

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK (the Market

Abuse Regulation), the table below contains a breakdown of the individual trades made by J.P. Morgan

Aggregate information:

Venue	Volume-weighted average price (GBp)	Aggregated volume	Lowest price per share (GBp)	Highest price per share (GBp)
London Stock Exchange	575.6000	677	575.60000	575.60000

Individual transactions:

Transaction Date and Time	Number of shares purchased	Transaction price per share (pence)	Venue	Transaction Reference Number
18-Jul-2023 08:01:18	677	575.6000	XLON	07002070000002871-E0FGP0xAe2vU20230718

 

END