Energy Titan Drax Group Delivers on Share Buyback Promise, Boosting Shareholder Value

The renowned energy giant Drax Group has taken a significant step towards bolstering shareholder value. In a considerable move, the group has announced the purchase of 366,669 of its own ordinary shares. The acquisition is in line with the company’s commitment to its Share Buyback Programme, which was announced in 2024.

Conducted through RBC Europe Limited, the average price paid for each share was 593.42 pence, with the maximum price paid being 597.00 pence per share and the minimum 590.50 pence. This dynamic investment reflects Drax Group’s robust strategic vision towards corporate financial health.

Following this large-scale transaction, Drax Group now holds 429,561,219 Ordinary Shares, inclusive of treasury shares. The total number of Ordinary Shares parked in treasury now stands at a striking 68,937,719. The total number of voting rights in Drax Group, excluding treasury shares, is now 360,623,500.

Since announcing the Share Buyback Programme, Drax Group has significantly enhanced shareholder value by purchasing 28,962,840 Ordinary Shares for the treasury.

Breathing life into the UK’s energy sector, the Drax Group continues its commitment to increasing shareholder value through strategic share buybacks, exemplifying the group’s strength and foresight.