Drax Group Plc Acquires a Further 150,000 of its Own Shares

Drax Group plc, in a strategic move to optimize shareholder value, has purchased an additional 150,000 of its own ordinary shares as part of its ongoing share buyback programme, initiated in August 2024. The purchase, carried out through RBC Europe Limited, saw shares bought at an average price of 617.88 pence each, with the highest price paid reaching 620.00 pence per share and the lowest being 615.50 pence each.

Following this transaction, the total number of ordinary shares in issue, including treasury shares, currently stands at 429,598,592 shares. The latest transaction pushes the company’s treasury stocks to a total of 74,642,620 shares. The remaining 354,955,972 viable voting rights, excluding treasury shares, in Drax Group is what shareholders can use as the basis to determine if they have to notify their interest in the company as per the Financial Conduct Authority’s Disclosure and Transparency Rules.