Last checked at 11 Oct 2019 09:00
11 October 2019
DRAX GROUP PLC
Symbol: DRX
Notification of Transactions of Persons Discharging Managerial Responsibility
The notification below is 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 10 October 2019, a performance share award over 99,878 shares was made under the Drax Group plc Performance Share Plan ("PSP") to Esa Heiskanen. The performance award, made for nil consideration, is a conditional award with vesting normally deferred for three years, subject to the satisfaction of certain performance conditions and to the participant remaining in employment until the vesting date.
There were 410,270,609 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.
Details of PDMR / person closely associated with them ("PCA") | |||||
Name | Esa Heiskanen | ||||
Reason for the notification | |||||
Position / status | EVP Capital Projects | ||||
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 award made pursuant to the Drax Group plc Performance Share Plan ("PSP") | ||||
Price(s) and volume(s) |
| ||||
Aggregated information - Aggregated volume - Price |
nil | ||||
Date of the transaction | 10 October 2019 | ||||
Place of the transaction | Outside a trading venue | ||||
--ENDS--