Company Announcements
Director/PDMR Shareholding
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By LSE RNS
30 March 2017
DRAX GROUP PLC
Symbol: DRX
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
The notifications below are all in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 and the dealings were in respect of ordinary shares of 11 16/29 pence each in the share capital of Drax Group plc.
On 28 March 2017, Deferred Awards over shares were made under the Drax Bonus Matching Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Deferred Awards.
The Deferred Awards were made in respect of the deferred element of the annual bonus for 2016. Vesting of the Deferred Award shares is normally deferred for three years and subject to the participant remaining in employment until the vesting date.
|
Director/PDMR |
Number of shares over which Deferred Awards made |
|
Will Gardiner |
50,486 |
|
Andy Koss |
40,130 |
|
Dorothy Thompson |
79,611 |
There were 406,848,843 shares in issue at the time of this notification.
The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
|||||
|
a) |
Name |
Dorothy Thompson |
||||
|
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 |
n/a |
||||
|
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 GB00BIVNSX38 |
||||
|
b) |
Nature of the transaction |
Deferred awards made pursuant to the Drax Group plc Bonus Matching Plan ("BMP") |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
79,611 nil |
||||
|
e) |
Date of the transaction |
2017-03-28 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
|||||
|
a) |
Name |
Will Gardiner |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position / status |
Group 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 |
n/a |
||||
|
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 GB00BIVNSX38 |
||||
|
b) |
Nature of the transaction |
Deferred awards made pursuant to the Drax Group plc Bonus Matching Plan ("BMP") |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
50,486
nil |
||||
|
e) |
Date of the transaction |
2017-03-28 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
|||||
|
a) |
Name |
Andy Koss |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position / status |
Chief Executive, Drax Power |
||||
|
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 |
n/a |
||||
|
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 GB00BIVNSX38 |
||||
|
b) |
Nature of the transaction |
Deferred awards made pursuant to the Drax Group plc Bonus Matching Plan ("BMP") |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
40,130 nil |
||||
|
e) |
Date of the transaction |
2017-03-28 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
David McCallum
Company Secretary
--ENDS--
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