Drax Group PLC has announced the purchase of 210,000 of its ordinary shares of 11 16/29 pence each through RBC Europe Limited. The weighted average price paid for the shares was 650.26 pence, with the highest price paid at 653.50 pence and the lowest at 643.00 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 in Drax Group, excluding treasury shares, at 386,260,197 as of 13 August 2024.
Since the announcement of the Programme on 7 August 2024, Drax Group has purchased 1,005,558 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, including the venue, weighted average price, and aggregated volume for each trade.
Shareholders and others with notification obligations can use the total number of voting rights as of 13 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.
This announcement is in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), and it provides transparency regarding the company's share buyback program and the individual trades made as part of the Programme.