6 Apr 2016 13:34
06 April 2016
DRAX GROUP PLC
Symbol: DRX
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") OR CONNECTED PERSONS
The notifications below are all in accordance with DTR 3.1.4 R(1)(a) and DTR 3.1.4 R(1)(b).
On 5 April 2016, Grants of Options were made through the Drax Group plc Sharesave Plan (the "Plan"). The options are in respect of ordinary shares of 11 16/29 pence each in the share capital of Drax Group plc of which there were 406,683,099 shares in issue at the time of the grants.
The interests of the under-noted directors and PDMRs have changed following each one being granted an option under the Plan.
The grants were made at nil consideration.
Director/PDMR | Number of Share Options Granted
| Option Price (per share) | Period during which options will mature and become exercisable |
Will Gardiner | 14,778 | 203 pence | 1 May 2021 to 31 October 2021
|
Matthew Rivers | 8,866 | 203 pence | 1 May 2019 to 31 October 2019
|
On 31 March 2016, the PDMR detailed below ceased to have an interest in share options which lapsed upon the termination of a savings contract held under the Plan. Details are also provided of the option price and the period during which the options would have become exercisable had they not lapsed.
PDMR | Number of Share Options Lapsed
| Option Price (per share) | Period during which options would mature and become exercisable (had they not lapsed) |
Matthew Rivers | 9,389 | 319.5 pence | 1 May 2020 to 31 October 2020
|
Philip Hudson
Company Secretary
Drax (DRX)