Drax Group plc has announced that its Chief Executive Officer, Will Gardiner, has transferred 350,000 ordinary shares in the company to Ann Gardiner, a person closely associated with him. Following the transaction, Will Gardiner's total shareholding in the company is now 735,411 ordinary shares, while Ann Gardiner's total shareholding is 350,000 ordinary shares. The transaction took place on 27 October 2023 outside of a trading venue.
This notification is in accordance with the requirements of Article 19 of the UK Market Abuse Regulation. The details of the transaction, including the nature of the transaction, the price, volume, and date, are provided in the announcement. The identification code for the ordinary shares is GB00B1VNSX38, and the LEI of Drax Group plc is 549300YPSNTXR4ZHSR98.
No price was paid for the transfer of the ordinary shares, indicating that it was a non-cash transaction. The announcement does not provide any further information regarding the reason for the transfer or any other details about the individuals involved.
This notification of the transaction of shares by the CEO and a person closely associated with him provides transparency and compliance with regulatory requirements. It allows shareholders and the market to be informed about changes in the shareholdings of key individuals within the company.