Drax Group PLC Director/PDMR Shareholding
April 05 2024 - 3:00AM
RNS Regulatory News
RNS Number : 4114J
Drax Group PLC
05 April 2024
05 April 2024
Drax Group
plc
("Drax" or "the
Company")
Symbol: DRX
Notification of Transactions
of Directors,
Persons Discharging
Managerial Responsibility or Connected Persons
Vesting of Deferred Share Plan
Shares
On 3 April 2024, shares
in Drax Group plc were issued to Will
Gardiner (CEO) and Andy Skelton (CFO) as set forth
in the table below.
The issuance was an automatic
vesting on conclusion of a three-year vesting period for awards
originally granted on 1 April 2021 under the Drax
Group plc Deferred Share Plan (the "DSP"). The shares granted
in April 2021 represented the deferred element of the
annual bonus for the financial year ended 31 December
2020.
The Company was notified on 3
April 2024 that Will Gardiner and Andy
Skelton each sold sufficient shares to satisfy their liability
to Income Tax and National Insurance Contributions ("Tax
Liability") arising on the vesting of shares. Shares were sold at a price of
489.1012 pence per share. The retained
shares for both Will Gardiner and Andy Skelton are
subject to a two-year post-vesting holding period.
Director/PDMR
|
Total DSP award
vesting1
|
Number of shares sold to meet the
tax liability
|
Net shares retained
|
Will Gardiner
|
60,237
|
28,412
|
31,825
|
Andy Skelton
|
33,645
|
15,869
|
17,776
|
Notes:
1. Includes shares in lieu of
accrued dividends throughout the holding period.
Vesting of Long-Term Incentive Plan
Shares
On 3 April 2024, shares in Drax
Group plc were issued to Persons Discharging Managerial
Responsibility ("PDMRs") as set forth in the table
below.
The issuance was an automatic
vesting on conclusion of a three-year vesting period for awards
originally granted on 1 April 2021 under the Drax Group plc
Long-Term Incentive Plan 2020 (the "LTIP").
The Company was notified on 3 April
2024 that Will Gardiner, Andy Skelton and Paul Sheffield sold
sufficient shares to satisfy their liability to Income Tax and
National Insurance Contributions ("Tax Liability") arising on the
vesting of shares. Shares were sold at a price of 489.1012 pence per share. The retained shares for both
Will Gardiner and Andy Skelton are subject to a two-year
post-vesting holding period. Penelope Small sold all shares arising
on the vesting of the 1 April 2021 grant under the LTIP. Shares
were sold at a price of 489.1012 pence per
share.
Director/PDMR
|
Total LTIP award vesting
|
Number of shares sold to meet the
tax liability
|
Net shares retained
|
Total number of shares held in the
Company (incl. held by spouse)
|
Will Gardiner
|
294,746
|
139,018
|
155,728
|
1,272,964
|
Andy Skelton
|
168,039
|
79,256
|
88,783
|
577,614
|
Paul Sheffield
|
74,262
|
35,026
|
39,236
|
55,554
|
Director/PDMR
|
Total LTIP award vesting
|
Number of shares sold
|
Net shares retained
|
Total number of shares held in the
Company (incl. held by spouse)
|
Penelope Small
|
73,684
|
73,684
|
0
|
130,425
|
The information below is provided in
accordance with the requirements of Article 19 of the UK Market
Abuse Regulation.
Details of PDMR / person closely associated with them
("PCA")
|
Name
|
Will Gardiner
|
Reason for the notification
|
Position / status
|
Group Chief Executive
|
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
GB00B1VNSX38
|
Nature of the transaction
|
Automatic vesting of the LTIP and
DSP awards and sale of sufficient shares to cover taxes
due.
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
489.1012 pence per share
|
139,018
|
489.1012 pence per share
|
28,412
|
|
Aggregated information
- Aggregated
volume
-
Price
|
167,430
489.1012 pence per share
|
Date of the transaction
|
03 April 2024
|
Place of the transaction
|
XLON
|
Details of PDMR / person closely associated with them
("PCA")
|
Name
|
Andy Skelton
|
Reason for the notification
|
Position / status
|
Chief Financial 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
GB00B1VNSX38
|
Nature of the transaction
|
Automatic vesting of the LTIP and
DSP awards and sale of sufficient shares to cover taxes
due.
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
489.1012 pence per share
|
79,256
|
489.1012 pence per share
|
15,869
|
|
Aggregated information
- Aggregated
volume
-
Price
|
95,125
489.1012 pence per share
|
Date of the transaction
|
03 April 2024
|
Place of the transaction
|
XLON
|
Details of PDMR / person closely associated with them
("PCA")
|
Name
|
Paul Sheffield
|
Reason for the notification
|
Position / status
|
Chief Commercial 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
GB00B1VNSX38
|
Nature of the transaction
|
Automatic vesting of the LTIP award
and sale of sufficient shares to cover taxes due.
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
489.1012 pence per share
|
35,026
|
|
Aggregated information
- Aggregated
volume
-
Price
|
n/a
|
Date of the transaction
|
03 April 2024
|
Place of the transaction
|
XLON
|
Details of PDMR / person closely associated with them
("PCA")
|
Name
|
Penelope Small
|
Reason for the notification
|
Position / status
|
Interim Chief Operations
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
GB00B1VNSX38
|
Nature of the transaction
|
Automatic vesting of the LTIP award
and sale of all vested shares.
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
489.1012 pence per share
|
73,684
|
|
Aggregated information
- Aggregated
volume
-
Price
|
n/a
|
Date of the transaction
|
03 April 2024
|
Place of the transaction
|
XLON
|
--ENDS--
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
DSHIIMLTMTTMBLI
Drax (LSE:DRX)
Historical Stock Chart
From Jul 2024 to Aug 2024
Drax (LSE:DRX)
Historical Stock Chart
From Aug 2023 to Aug 2024