Drax Group PLC has announced the purchase of 160,000 of its ordinary shares of 11 16/29 pence each through RBC Europe Limited. The weighted average price paid for the shares was 662.82 pence, with the highest price paid at 666.50 pence and the lowest at 657.50 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 in the company, excluding treasury shares, at 384,982,322 as of 22 August 2024.
Since the announcement of the Programme on 7 August 2024, Drax Group has purchased 2,287,898 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 Programme, in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation).
For further information, contacts at Drax Group and RBC Europe Limited have been provided for investor relations and inquiries. This announcement provides shareholders and others with notification obligations the necessary information for calculating their interest in, or a change to their interest in, Drax Group under the FCA's Disclosure and Transparency Rules.