Drax Group plc has announced that Will Gardiner, the Chief Executive Officer of the company, has purchased 11,361 ordinary shares of the company at a price of 429.81 pence per share. Following this transaction, Gardiner's total shareholding in the company is now 1,085,411 ordinary shares. The notification of this transaction is in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
The transaction details provided include the name of the PDMR (Person Discharging Managerial Responsibility) and their position, the name of the issuer (Drax Group plc), and the identification code of the financial instrument (ordinary shares of 11 16/29 pence). The nature of the transaction is listed as a purchase of ordinary shares, and the price and volume of the transaction are provided as 429.81 pence per share and 11,361 shares, respectively. The date of the transaction was September 27, 2023, and the place of the transaction was XLON.
This announcement provides transparency regarding the shareholding of a key executive within Drax Group plc. It demonstrates the executive's confidence in the company and its future prospects.