Last checked at 11 Mar 2013 15:58
11 March 2013
Drax Group plc
("Drax" or the "Company")
Symbol: DRX
Notification of Transactions of Directors,
Persons Discharging Managerial Responsibility or Connected Persons
The notifications below are in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b) and the dealings were in respect of ordinary shares of 11 16/29 pence each in the share capital of the Company of which there were 401,590,233 shares in issue at the time of the dealing.
On 8 March 2013, the individuals below, each a person discharging managerial responsibility, had nil cost conditional deferred share awards vest in relation to the deferred element of annual bonus awards made on 8 March 2010 and entered into transactions in the Company's ordinary shares as detailed in the table below.
Details of the vesting and sale transactions are as follows:-
Deferred Awards vesting1 | Shares sold2 | Shares retained | Total number of shares held at 11 March 2013 | |
Peter Emery | 16,893 | 8,816 | 8,077 | 48,295 |
Philip Hudson | 9,868 | 5,150 | 4,718 | 10,529 |
Tony Quinlan | 20,538 | 10,718 | 9,820 | 15,993 |
Paul Taylor | 12,496 | 6,521 | 5,975 | 13,565 |
Dorothy Thompson | 34,719 | 18,118 | 16,601 | 96,831 |
Notes:
1. This is inclusive of Distribution Shares added at vesting based on accrued dividends throughout the holding period.
2. The shares sold were required to be sold under the rules of the plan to satisfy income tax and National Insurance Contributions liabilities and were sold on the London Stock Exchange at 621.51 pence per share.
In addition, the following performance share awards lapsed due to their Performance Conditions not being met:
Awards Lapsed | |
Peter Emery | 85,171 |
Philip Hudson | 49,753 |
Tony Quinlan | 103,541 |
Paul Taylor | 63,003 |
Dorothy Thompson | 175,039 |
Philip Hudson
Company Secretary
--ENDS--