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Drax Group

Drax Group Plc - Director/PDMR Shareholding

RNS Number : 3760U
Drax Group PLC
28 March 2019
 

28 March 2019

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 2019, awards over shares were made under the Drax Group plc Deferred Share Plan ("DSP") and performance share awards made under the Drax Group plc Performance Share Plan ("PSP"). Consequently, the share interests of the under-noted directors and persons discharging managerial responsibility (PDMRs) have changed following the making of these awards.

 

The deferred awards, made under the DSP for nil consideration as conditional awards, were made in respect of the deferred element of the annual bonus for 2018.  Vesting of the DSP shares is normally deferred for three years and subject to the participant remaining in employment until the vesting date. 

 

The performance awards, made for nil consideration under the PSP, are conditional awards for PDMRs. Vesting of the performance award shares is normally deferred for three years and subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date.  

 

 

Director/PDMR

Number of

shares over which Deferred Awards made

Number of shares over which Performance Awards made

Will Gardiner

38,941

247,245

Andy Koss

22,617

153,863

Andy Skelton


165,607

Clare Harbord


68,942

Jonathan Kini


111,960

Penny Small


70,641

 

 

There were 407,933,944 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

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

GB00BIVNSX38

b)

Nature of the transaction

(i) Deferred awards made pursuant to the Drax Group plc Deferred Share Plan ("DSP")

(ii) Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)


Price(s)

Volume(s)

(i)

nil

38,941

 

 

(ii)

nil

247,245

d)

Aggregated information

-      Aggregated volume

-      Price

 

286,186

 

nil

e)

Date of the transaction

 28 March 2019

f)

Place of the transaction

Outside a trading venue

 

 

1.

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

a)

Name

Andrew 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

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

GB00BIVNSX38

b)

Nature of the transaction

(i)            Deferred awards made pursuant to the Drax Group plc Deferred Share Plan ("DSP")

(ii)           Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)


Price(s)

Volume(s)

(i)

nil

22,617

(ii)

nil

153,863

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

176,480

 

nil

e)

Date of the transaction

28 March 2019

f)

Place of the transaction

Outside a trading venue

 

 

1.

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

a)

Name

Andrew Skelton

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

GB00BIVNSX38

b)

Nature of the transaction

Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

165,607

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

165,607

nil

e)

Date of the transaction

28 March 2019

f)

Place of the transaction

Outside a trading venue

 

 

1.

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

a)

Name

Clare Harbord

2.

Reason for the notification

a)

Position / status

Director of Corporate Affairs

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

GB00BIVNSX38

b)

Nature of the transaction

Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

68,942

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

 

68,942

nil

e)

Date of the transaction

28 March 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

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

Name

Jonathan Kini

Reason for the notification

Position / status

Chief Executive, Drax Retail

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

GB00BIVNSX38

Nature of the transaction

Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

Price(s) and volume(s)

Price(s)

Volume(s)

nil

111,960

 

 

Aggregated information

-      Aggregated volume

-      Price

 

111,960

 

nil

Date of the transaction

28 March 2019

Place of the transaction

Outside a trading venue

 

 

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

Name

Penelope Small

Reason for the notification

Position / status

Chief Transformation 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

GB00BIVNSX38

Nature of the transaction

Performance awards made pursuant to the Drax Group plc Performance Share Plan ("PSP")

Price(s) and volume(s)

Price(s)

Volume(s)

nil

70,641

 

 

Aggregated information

-      Aggregated volume

-      Price

 

70,641

 

nil

Date of the transaction

28 March 2019

Place of the transaction

Outside a trading venue

 

 

 

--ENDS--


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