Drax Group PLC Director/PDMR Shareholding (4612F)
18 May 2017 - 1:10AM
UK Regulatory
TIDMDRX
RNS Number : 4612F
Drax Group PLC
17 May 2017
17 May 2017
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 15 May 2017, Awards over shares were made under the Drax
Group plc Performance Share Plan (the "Plan"), consequently, the
share interests of the under-noted directors and persons
discharging managerial responsibility have changed following the
making of the Awards.
The Awards, made for nil consideration, are conditional awards
and vesting is subject to performance conditions (relative total
shareholder return (50% of each Award) and average corporate
balanced scorecard (50% of each Award)) established in accordance
with the rules of the Plan and measured over a three year period
commencing on 1 January 2017.
Director/PDMR Number of
shares over which
Awards made
------------------ -------------------
Will Gardiner 213,326
------------------ -------------------
Clare Harbord 76,235
------------------ -------------------
Jonathan Kini 70,136
------------------ -------------------
Andy Koss 169,567
------------------ -------------------
Pete Madden 90,443
------------------ -------------------
Dorothy Thompson 313,956
------------------ -------------------
There were 406,851,207 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 Group Chief Financial Officer
/ status
--- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/ amendment
--- ------------------------------ ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------------
a) Name Drax Group plc
--- ------------------------------ ----------------------------------
b) LEI n/a
--- ------------------------------ ----------------------------------
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 Ordinary shares of 11 16/29
of the financial pence
instrument GB00BIVNSX38
Identification
code
--- ------------------------------ ----------------------------------
b) Nature of Awards made pursuant to the
the transaction Drax Group plc Performance Share
Plan ("PSP")
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
nil 213,326
---------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 213,326
* Price nil
--- ------------------------------ ----------------------------------
e) Date of the 2017-05-15
transaction
--- ------------------------------ ----------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------------ ----------------------------------
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------------
a) Name Clare Harbord
--- ------------------------------ ----------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position Director of Corporate Affairs
/ status
--- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/ amendment
--- ------------------------------ ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------------
a) Name Drax Group plc
--- ------------------------------ ----------------------------------
b) LEI n/a
--- ------------------------------ ----------------------------------
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 Ordinary shares of 11 16/29
of the financial pence
instrument GB00BIVNSX38
Identification
code
--- ------------------------------ ----------------------------------
b) Nature of Awards made pursuant to the
the transaction Drax Group plc Performance Share
Plan ("PSP")
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
nil 76,235
---------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 76,235
Nil
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2017-05-15
transaction
--- ------------------------------ ----------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------------ ----------------------------------
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------------
a) Name Jonathan Kini
--- ------------------------------ ----------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position Chief Executive, Drax Retail
/ status
--- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/ amendment
--- ------------------------------ ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------------
a) Name Drax Group plc
--- ------------------------------ ----------------------------------
b) LEI n/a
--- ------------------------------ ----------------------------------
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 Ordinary shares of 11 16/29
of the financial pence
instrument GB00BIVNSX38
Identification
code
--- ------------------------------ ----------------------------------
b) Nature of Awards made pursuant to the
the transaction Drax Group plc Performance Share
Plan ("PSP")
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
nil 70,136
---------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 70,136
nil
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2017-05-15
transaction
--- ------------------------------ ----------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------------ ----------------------------------
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------------
a) Name Andy Koss
--- ------------------------------ ----------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position Chief Executive, Drax Power
/ status
--- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/ amendment
--- ------------------------------ ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------------
a) Name Drax Group plc
--- ------------------------------ ----------------------------------
b) LEI n/a
--- ------------------------------ ----------------------------------
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 Ordinary shares of 11 16/29
of the financial pence
instrument GB00BIVNSX38
Identification
code
--- ------------------------------ ----------------------------------
b) Nature of Awards made pursuant to the
the transaction Drax Group plc Performance Share
Plan ("PSP")
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
nil 169,567
---------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 169,567
nil
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2017-05-15
transaction
--- ------------------------------ ----------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------------ ----------------------------------
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------------
a) Name Pete Madden
--- ------------------------------ ----------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position Chief Executive, Drax Biomass
/ status
--- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/ amendment
--- ------------------------------ ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------------
a) Name Drax Group plc
--- ------------------------------ ----------------------------------
b) LEI n/a
--- ------------------------------ ----------------------------------
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 Ordinary shares of 11 16/29
of the financial pence
instrument GB00BIVNSX38
Identification
code
--- ------------------------------ ----------------------------------
b) Nature of Awards made pursuant to the
the transaction Drax Group plc Performance Share
Plan ("PSP")
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
nil 90,443
---------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 90,443
nil
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2017-05-15
transaction
--- ------------------------------ ----------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------------ ----------------------------------
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------------
a) Name Dorothy Thompson
--- ------------------------------ ----------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position Group Chief Executive
/ status
--- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/ amendment
--- ------------------------------ ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------------
a) Name Drax Group plc
--- ------------------------------ ----------------------------------
b) LEI n/a
--- ------------------------------ ----------------------------------
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 Ordinary shares of 11 16/29
of the financial pence
instrument GB00BIVNSX38
Identification
code
--- ------------------------------ ----------------------------------
b) Nature of Awards made pursuant to the
the transaction Drax Group plc Performance Share
Plan ("PSP")
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
nil 313,956
---------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 313,956
nil
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2017-05-15
transaction
--- ------------------------------ ----------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------------ ----------------------------------
David McCallum
Company Secretary
--ENDS--
This information is provided by RNS
The company news service from the London Stock Exchange
END
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