Drax Group PLC has disclosed the purchase of 194,606 of its ordinary shares through RBC Europe Limited as part of its share buyback program. The weighted average price paid for the shares was 645.41 pence, with the highest price paid at 652.50 pence and the lowest at 637.00 pence. Following this transaction, Drax Group will have 427,461,539 Ordinary Shares in issue, including treasury shares, with a total of 40,415,708 shares held in treasury.
As of 7 August 2024, the total number of voting rights in Drax Group, excluding treasury shares, is 387,045,831. This figure 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.
Since the announcement of the Programme on 7 August 2024, Drax Group has purchased 194,606 Ordinary Shares in aggregate for treasury. The breakdown of the individual trades made by RBC Europe Limited on behalf of Drax Group as part of the Programme is detailed in the announcement.
For further information, contacts at Drax Group and RBC Europe Limited are provided in the announcement.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the detailed breakdown of the individual trades made by RBC Europe Limited on behalf of Drax Group as part of the Programme is also included in the announcement.