Last checked at 28 Mar 2019 15:33
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) |
| |||||||||
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) |
| |||||||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
Aggregated information - Aggregated volume - Price |
70,641
nil | ||||
Date of the transaction | 28 March 2019 | ||||
Place of the transaction | Outside a trading venue | ||||
--ENDS--