Director/PDMR Shareholding
Summary by AI BETAClose X
8 May 2026
DRAX GROUP PLC
(the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibility and Persons Closely Associated with them
The Company announces the following transactions in the Company's Ordinary shares undertaken by persons discharging managerial responsibilities ("PDMRs").
The Drax Group plc Long Term Incentive Plan 2020 ("LTIP")
On 7 May 2026, the following conditional awards were granted under the LTIP for nil consideration. Vesting of the "Core" and "Stretch" elements of the LTIP award shares is normally deferred for three years and is subject to the satisfaction of certain performance conditions and the participant remaining in employment until the vesting date. The awards granted to the Executive Directors are subject to an additional two-year holding period following the date of vesting.
|
PDMR |
Number of shares awarded under the Core LTIP |
Number of shares awarded under the Stretch LTIP |
|
Will Gardiner* |
210,477 |
126,286 |
|
Frank Lemmink* |
126,609 |
74,814 |
|
Lee Dawes |
69,733 |
34,866 |
|
Paul Sheffield |
74,955 |
37,477 |
*Executive Directors of Drax Group plc
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulations.
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
||||||||||
|
a) |
Name |
Will Gardiner |
|||||||||
|
2. |
Reason for the notification |
||||||||||
|
a) |
Position / status |
Group Chief Executive |
|||||||||
|
b) |
Initial notification / amendment |
Initial Notification |
|||||||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
Drax Group plc |
|||||||||
|
b) |
LEI |
549300YPSNTXR4ZHSR98 |
|||||||||
|
4. |
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 |
||||||||||
|
a) |
Description of the financial instrument Identification code |
Ordinary shares of 11 16/29 pence GB00B1VNSX38 |
|||||||||
|
b) |
Nature of the transaction |
(i) Award made pursuant to the Core LTIP (ii) Award made pursuant to the Stretch LTIP
|
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
|||||||||
|
e) |
Date of the transaction |
7 May 2026 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
||||||||||
|
a) |
Name |
Frank Lemmink |
|||||||||
|
2. |
Reason for the notification |
||||||||||
|
a) |
Position / status |
Chief Financial Officer |
|||||||||
|
b) |
Initial notification / amendment |
Initial Notification |
|||||||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
Drax Group plc |
|||||||||
|
b) |
LEI |
549300YPSNTXR4ZHSR98 |
|||||||||
|
4. |
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 |
||||||||||
|
a) |
Description of the financial instrument Identification code |
Ordinary shares of 11 16/29 pence GB00B1VNSX38 |
|||||||||
|
b) |
Nature of the transaction |
(i) Award made pursuant to the Core LTIP (ii) Award made pursuant to the Stretch LTIP
|
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
|||||||||
|
e) |
Date of the transaction |
7 May 2026 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
||||||||||
|
a) |
Name |
Paul Sheffield |
|||||||||
|
2. |
Reason for the notification |
||||||||||
|
a) |
Position / status |
Chief Commercial Officer |
|||||||||
|
b) |
Initial notification / amendment |
Initial Notification |
|||||||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
Drax Group plc |
|||||||||
|
b) |
LEI |
549300YPSNTXR4ZHSR98 |
|||||||||
|
4. |
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 |
||||||||||
|
a) |
Description of the financial instrument Identification code |
Ordinary shares of 11 16/29 pence GB00B1VNSX38 |
|||||||||
|
b) |
Nature of the transaction |
(i) Award made pursuant to the Core LTIP (ii) Award made pursuant to the Stretch LTIP
|
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
|||||||||
|
e) |
Date of the transaction |
7 May 2026 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
||||||||||
|
a) |
Name |
Lee Dawes |
|||||||||
|
2. |
Reason for the notification |
||||||||||
|
a) |
Position / status |
Chief Operations Officer |
|||||||||
|
b) |
Initial notification / amendment |
Initial Notification |
|||||||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
Drax Group plc |
|||||||||
|
b) |
LEI |
549300YPSNTXR4ZHSR98 |
|||||||||
|
4. |
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 |
||||||||||
|
a) |
Description of the financial instrument Identification code |
Ordinary shares of 11 16/29 pence GB00B1VNSX38 |
|||||||||
|
b) |
Nature of the transaction |
(i) Award made pursuant to the Core LTIP (ii) Award made pursuant to the Stretch LTIP
|
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
|||||||||
|
e) |
Date of the transaction |
7 May 2026 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
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