Last checked at 17 May 2017 16:10
17 May 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 15 May 2017, Awards over shares were made under the Drax Group plc Performance Share Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Awards.
The Awards, made for nil consideration, are conditional awards and vesting is subject to performance conditions (relative total shareholder return (50% of each Award) and average corporate balanced scorecard (50% of each Award)) established in accordance with the rules of the Plan and measured over a three year period commencing on 1 January 2017.
Director/PDMR | Number of shares over which Awards made |
Will Gardiner | 213,326 |
Clare Harbord | 76,235 |
Jonathan Kini | 70,136 |
Andy Koss | 169,567 |
Pete Madden | 90,443 |
Dorothy Thompson | 313,956 |
There were 406,851,207 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 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 | Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP") | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
213,326
nil | ||||
e) | Date of the transaction | 2017-05-15 | ||||
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 | 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 | Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP") | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
76,235 Nil | ||||
e) | Date of the transaction | 2017-05-15 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Jonathan Kini | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Executive, Drax Retail | ||||
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 | Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP") | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
70,136 nil | ||||
e) | Date of the transaction | 2017-05-15 | ||||
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 | Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP") | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
169,567 nil | ||||
e) | Date of the transaction | 2017-05-15 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Pete Madden | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Executive, Drax Biomass | ||||
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 | Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP") | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
90,443 nil | ||||
e) | Date of the transaction | 2017-05-15 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Awards made pursuant to the Drax Group plc Performance Share Plan ("PSP") | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
313,956 nil | ||||
e) | Date of the transaction | 2017-05-15 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
David McCallum
Company Secretary
--ENDS--