18th Dec 2006 09:07
Drax Group PLC18 December 2006 DRAX GROUP PLC ("DRAX" or the "Company") (Symbol: DRX) Directors' Share Dealings On 15 December 2005, Drax Group plc was Admitted to Listing and at that timecertain directors received awards through an LTIP. As foreshadowed in thepre-listing prospectus, an element of the awards made was subject to a lock-inarrangement whereby those shares could not be disposed of until the firstanniversary of Listing. On 8 June 2006, Drax announced that it's Chairman, Gordon Horsfield hadtransferred a number of shares to fund The Holbeck Charitable Trust of which heand his wife Francesca (who are Connected Persons) are co-trustees along withJohn Lane. The shares transferred to the trust have been subject to the samerestrictions under the lock-in arrangements. On 15 December 2006, certain directors and The Holbeck Charitable Trust chose todeal in Drax shares following the end of the lock-in arrangements. The detailsrequired to be given in respect of directors, Persons Discharging ManagerialResponsibilities and Connected Persons are outlined below. In all cases: • the issuer is Drax Group plc; • the notifications relate to transactions notified in accordance with DR 3.1.4R(1)(a) and DR 3.1.4R(1)(b), a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; • the class of shares are ordinary shares of 11 1/29 pence each in Drax Group plc; and • the date of dealing was 15 December 2006. 1. Gordon Boyd disposed of 168,859 shares (0.046%) at 816.75 pence per share. Following this notification, he now has an interest in 28,355 shares (0.007%). 2. Peter Emery disposed of 161,000 shares (0.043%) registered in his own name and 4,000 shares (0.001%) registered in his wife's name, Pamela Emery, all at 816.75 pence per share. Following this notification, he now has an interest in 32,214 shares (0.009%). 3. Gordon Horsfield in his capacity as a trustee of The Holbeck Charitable Trust and acting jointly with his co-trustees who are his wife, Francesca Horsfield and John Lane, disposed of a non-beneficial interest in 250,000 shares (0.068%) at 816.75 pence per share. Following this notification, in his capacity as a trustee and jointly with his co-trustees, he now has a non-beneficial interest in 67,187 shares (0.018%). He also has a beneficial interest in 2,490,296 shares (0.675%). 4. Dorothy Thompson acquired 20,000 shares (0.005%) at 825 pence per share. Following this notification, she now has an interest in 66,549 shares (0.018%). Peter Rothwell, Company Secretary Date of Notification - 18 December 2006 Enquiries: Andrew Jones, Head of Investor Relations on 01757 612938. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Drax