17th Apr 2008 09:06
Drax Group PLC17 April 2008 17 April 2007 Drax Group plc ("Drax" or the "Company") Symbol: DRX NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS The notifications below are all in accordance with DTR 3.1.4 R(1)(a) and DTR3.1.4 R(1)(b) and the dealings were in respect of ordinary shares of 11 16/29pence each in the share capital of the Company of which there were 339,397,000shares in issue at the time of the dealings. The share interests of the under-noted directors and persons dischargingmanagerial responsibility have increased following the Award of Free Sharesunder the Drax Group plc Approved Share Incentive Plan (the "Plan") on 15 April2007. In accordance with the rules of the Plan these shares will be held intrust by Capita IRG Trustees Limited and registered in the name TD WaterhouseNominees (Europe) Limited a/c CESNOMS. Director Number of % of issued Share Drax shares held % of issued/PDMR shares share capital price following purchase share capital awarded (pence) Gordon Boyd 416 Negligible 601 28,177 0.008% Peter Emery 416 Negligible 601 31,863 0.009% Dorothy Thompson 416 Negligible 601 64,881 0.019% In addition, the under-noted directors and persons discharging manegerialresponsibility have received and award of performance shares under the Company'sExecutive Share Incentive Plan ("ESIP"). The ESIP awards were made on 14 April2008, at nil consideration and the value in this instance is 100% of theparticipant's base salary at 31 December 2007. Performance for the 2008 ESIPaward will be measured over the three years from 1 January 2008 to 31 December2010, with potential vesting in April 2011. Director Number of ESIP % of Issued ESIP Performance Share % of Issued/PDMR Performance Shares Share Awards held following Share Awarded Capital purchase Capital Gordon Boyd 42,350 0.01% 102,547 0.03% Peter Emery 39,757 0.01% 95,499 0.03% Dorothy Thompson 70,872 0.02% 177,024 0.05% Philip Hudson Company Secretary --ENDS-- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Drax