7th Apr 2015 14:12
07 April 2015
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 2 April 2015, Grants of Options were made through the Drax Group plc Approved Savings-Related Share Option 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 405,857,302 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 | Exercise Price (per share) | Period during which options will mature and become exercisable |
Peter Bennell | 2,816 | 319.50 pence | 1 May 2018 to 31 October 2018
|
Andy Koss | 5,633 | 319.50 pence | 1 May 2018 to 31 October 2018
|
Tony Quinlan | 2,816 | 319.50 pence | 1 May 2018 to 31 October 2018
|
Matthew Rivers | 9,389 | 319.50 pence | 1 May 2020 to 31 October 2020
|
Dorothy Thompson | 2,816 | 319.50 pence | 1 May 2018 to 31 October 2018
|
On 31 March 2015, the directors and PDMRs 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.
Director/PDMR | Number of Share Options Granted | Option Price (per share) | Period during which options would mature and become exercisable (had they not lapsed) |
Peter Bennell | 1,483 | 606.5 pence | 1 June 2017 to 30 November 2017
|
Tony Quinlan | 1,483 | 606.5 pence | 1 June 2017 to 30 November 2017
|
Matthew Rivers | 1,483 | 606.5 pence | 1 June 2017 to 30 November 2017
|
Dorothy Thompson | 2,473 | 606.5 pence | 1 June 2019 to 30 November 2019
|
Philip Hudson
Company Secretary
Related Shares:
Drax