Business
Director/PDMR Shareholding
Drax Group PLC announced on March 17, 2026, that its Chief Executive Officer, Will Gardiner, received a deferred share award of 39,474 ordinary shares under the Deferred Share Plan, and its Chief Financial Officer, Frank Lemmink, received an award of 7,708 ordinary shares. These awards, granted on March 13, 2026, for nil consideration, represent the deferred element of the 2025 financial year annual bonus and are subject to a three-year vesting period contingent on continued employment. Disclaimer*
About this update from Drax Group Plc
[{"type":"text","content":"\n\n17 March 2026\nDRAX GROUP PLC\nSymbol: DRX\n(\"Drax\", \"the Group\", \"Drax Group\", \"the Company\")\n \nNotification of Transactions of Directors,\nPersons Discharging Managerial Responsibility or Connected Persons\n \nOn Friday 13 March 2026, awards over shares were made under The Drax Group plc Deferred Share Plan (DSP), as part of the normal annual cycle of grants. Consequently, the share interests of the under-noted directors have changed following the granting of these awards.\n \nAwards made under the DSP\n \nThe deferred awards, made under the DSP for nil consideration as conditional awards, were made in respect of the deferred element of the annual bonus for the financial year ended 31 December 2025. Vesting of the DSP shares is normally deferred for three years and subject to the participant remaining in employment until the vesting date.\n \n\n\n\n\nDirector/PDMR\n\n\nNumber of shares over which DSP award made\n\n\n\n\nWill Gardiner\n\n\n39,474\n\n\n\n\nFrank Lemmink\n\n\n7,708\n\n\n\n\n \n \nRebecca Dunn\nGroup Company Secretary\n \n \n \nThe notifications below are all in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.\n \n\n\n\n\n1.\n\n\nDetails of PDMR / person closely associated with them (\"PCA\")\n\n\n\n\na)\n\n\nName\n\n\nWill Gardiner\n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition / status\n\n\nChief Executive Officer\n\n\n\n\nb)\n\n\nInitial notification / amendment\n\n\nInitial Notification\n\n\n\n\n3.\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nDrax Group plc\n\n\n\n\nb)\n\n\nLEI\n\n\n549300YPSNTXR4ZHSR98\n\n\n\n\n4.\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument\nIdentification code\n\n\nOrdinary shares of 11 16/29 pence\nGB00BIVNSX38\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\n(i) Deferred award made pursuant to The Drax Group plc Deferred Share Plan (DSP)\n \n\n\n\n\nc)\n\n\nPrice(s) and volume(s)\n\n\n \n\n\n\n\n\n\n\nPrice...