Notification of Investigation by FCA

Summary by AI BETAClose X

On August 26, 2025, Drax Group PLC was notified that the Financial Conduct Authority (FCA) has initiated an investigation covering the period from January 2022 to March 2024. The investigation concerns certain historical statements made by Drax regarding its biomass sourcing. It also includes a review of the compliance of Drax's 2021, 2022, and 2023 Annual Reports with the Listing Rules and Disclosure Guidance and Transparency Rules. Drax Group PLC has stated it will cooperate with the FCA throughout the investigation.

Disclaimer*

Drax Group PLC
28 August 2025
 

28 August 2025

 

 

 

Drax Group plc
("Drax", "The Company")

 

Notification of Investigation by the Financial Conduct Authority (FCA)

 

The Company was notified on 26 August 2025 that the Financial Conduct Authority ("FCA") has commenced an investigation into the Company covering the period January 2022 to March 2024 relating to certain historical statements regarding Drax's biomass sourcing and the compliance of Drax's 2021, 2022 and 2023 Annual Reports with the Listing Rules and Disclosure Guidance and Transparency Rules.

The Company will cooperate with the FCA as part of their investigation.

Enquiries:

Drax Investor Relations:

Chris Simpson

Chris.Simpson@drax.com

+44 (0) 7923 257 815

Media:

Drax External Communications:

Chris Mostyn

chris.mostyn@drax.com

+44 (0) 7743 963 483

Website: www.drax.com

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Drax Group (DRX)
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