Drax Group PLC has announced the purchase of 140,395 of its ordinary shares through RBC Europe Limited as part of its share buyback program. The weighted average price paid for the shares was 662.02 pence, with the highest price paid at 667.50 pence and the lowest at 656.50 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 385,142,322 as of 21 August 2024.
Since the announcement of the Program on 7 August 2024, Drax Group has purchased 2,127,898 Ordinary Shares in aggregate for treasury. The company has provided a detailed breakdown of the individual trades made by RBC Europe Limited on behalf of Drax Group as part of the Program, including the venues, weighted average prices, and aggregated volumes for each transaction.
Shareholders and others with notification obligations can use the total number of voting rights as of 21 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. For further information, contacts at Drax Group and RBC Europe Limited have been provided in the announcement.