3rd Sep 2026 11:59
3 September 2026
Drax Group plc
("Drax" or "the Company")
Symbol: DRX
Notification of Transactions by Persons Discharging Managerial Responsibility and Persons Closely Associated with them
In accordance with Article 19 of the Market Abuse Regulation, the Company announces that it has been notified of the following transactions in the Company's Ordinary shares undertaken by the following person discharging managerial responsibilities (PDMR).
Vesting of award under the Long-Term Incentive Plan (LTIP)
On 3 September 2026, ordinary shares in Drax Group plc were issued to Paul Sheffield (Chief Commercial Officer) following the automatic vesting of awards originally granted on 3 September 2024.
The Company was notified on 3 September 2026 that Paul Sheffield had elected to sell all shares acquired on the vesting of his LTIP award, as set out in the table below.
Director/PDMR | Total LTIP award vesting1 | Number of shares sold at 783p per share | Number of shares retained | Total number of shares held in the Company |
Paul Sheffield | 21,252 | 21,252 | 0 | 83,594 |
Notes:
1. Includes shares in lieu of accrued dividends throughout the vesting period.
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 LTIP awards and sale of all ordinary shares acquired. | ||||
Price(s) and volume(s) |
| ||||
Aggregated information - Aggregated volume - Price |
N/A
| ||||
Date of the transaction | 3 September 2026 | ||||
Place of the transaction | XLON | ||||
--ENDS--
Related Shares:
Drax