Drax Group PLC has announced the purchase of 141,786 of its ordinary shares through RBC Europe Limited as part of its share buyback program. The weighted average price paid for the shares was 667.00 pence, with the highest price paid at 668.50 pence and the lowest at 663.00 pence. Following this transaction, Drax Group will have 427,491,322 Ordinary Shares in issue, including treasury shares, with the total number of voting rights at 385,462,717 as of 19 August 2024.
Since the announcement of the Program on 7 August 2024, Drax Group has purchased 1,807,503 Ordinary Shares in aggregate for treasury. The company has provided a breakdown of the individual trades made by RBC Europe Limited on behalf of Drax Group as part of the Program, detailing the venues, weighted average prices, and aggregated volumes for the transactions.
The company has also provided contact information for Drax Group and RBC Europe Limited for further inquiries. This announcement is in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) and may be used by shareholders and others with notification obligations to determine if they are required to notify their interest in, or a change to their interest in, Drax Group under the FCA's Disclosure and Transparency Rules.