Drax Group PLC has announced the purchase of 301,000 of its ordinary shares through RBC Europe Limited as part of its share buyback program. The weighted average price paid for the shares was 651.33 pence, with the highest price paid at 658.50 pence and the lowest at 639.00 pence. Following this transaction, Drax Group will have 427,486,857 Ordinary Shares in issue, including treasury shares, with the total number of voting rights at 386,470,197 as of 9 August 2024.
Since the announcement of the Programme on 7 August 2024, Drax Group has purchased 795,558 Ordinary Shares in aggregate for treasury. The breakdown of individual trades made by RBC Europe Limited on behalf of Drax Group as part of the Programme has been detailed, including the venues and prices per share for each transaction.
Shareholders and others with notification obligations can use the total number of voting rights as of 9 August 2024 as the denominator for the calculations 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.
Contacts at Drax Group and RBC Europe Limited have been provided for further information.