REG - Drax Group Plc - Director/PDMR Shareholding

DraxAnnouncement

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RNS Number : 8181X  Drax Group PLC  03 September 2025

3 September 2025

DRAX GROUP PLC

Symbol: DRX

("Drax", "the Group", "Drax Group", "the Company")

 

Notification of Transactions of Directors,

Persons Discharging Managerial Responsibility or Connected Persons

 

On 2 September 2025, awards over shares were made under The Drax Group plc
Long Term Incentive Plan 2020 (LTIP) in connection with Frank Lemmink's
appointment as Chief Financial Officer of the Company on 1 September 2025.
Consequently, the share interests of the under-noted directors and persons
discharging managerial responsibility (PDMRs) have changed following the
granting of these awards.

 

2025 LTIP Award

 

Mr Lemmink has been awarded a conditional award under the LTIP. Vesting of the
LTIP award is subject to the satisfaction of certain performance conditions,
which will be measured over the period of financial years ending on 31
December 2027, and to the participant remaining in employment until the
vesting date. The award is due to vest on 20 March 2028. Awards to Executive
Directors are subject to an additional two-year holding period following the
date of vesting.

 

 Director/PDMR   Number of shares over which LTIP award made
 Frank Lemmink*  133,577

*Executive Director of Drax Group plc.

 

 

Replacement awards

 

Two replacement awards have been granted to Mr Lemmink under the LTIP to
replace awards forfeited on the termination of his previous employment.
Vesting of the awards which were forfeited were subject to continued
employment and certain performance conditions. Vesting of the replacement
awards is also subject to continued employment within the Group and certain
performance conditions. The vesting will be in tranches, taking account of the
vesting dates of the forfeited awards, as set out below.

 

 

 Date of vesting  Number of shares over which share award made  Performance conditions
 31 March 2026    114,417                                       Vesting shall be based on the final performance vesting outcome of Shell's
                                                                2023 LTIP award as confirmed in Shell's 2025 annual report.
 15 March 2027    108,866                                       Vesting shall be based on the final performance vesting outcome of the Drax
                                                                2024 LTIP award.

 

 

Brett Gladden

Group Company Secretary

 

 

 

 

The notifications below are all in accordance with the requirements of Article
19 of the UK Market Abuse Regulation.

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Frank Lemmink
 2.  Reason for the notification
 a)  Position / status                        Chief Financial Officer
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Drax Group plc
 b)  LEI                                      549300YPSNTXR4ZHSR98
 4.  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
 a)  Description of the financial instrument  Ordinary shares of 11 16/29 pence

     Identification code                      GB00BIVNSX38
 b)  Nature of the transaction                Grant of three conditional awards under The Drax Group plc Long Term Incentive
                                              Plan 2020 (LTIP):

                                              (i)         2025 LTIP Award

                                              (ii)         Replacement award 1

                                              (iii)        Replacement award 2

 c)  Price(s) and volume(s)

           Price(s)  Volume(s)
                                              (i)                   Nil       133,577
                                              (ii)                  Nil       114,417
                                              (iii)                 Nil       108,866
 d)  Aggregated information

     -     Aggregated volume                  N/A

     -     Price
 e)  Date of the transaction                   2 September 2025
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

e)

Date of the transaction

 2 September 2025

f)

Place of the transaction

Outside a trading venue

 

 

--ENDS--

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