Drax Group Executes Share Buyback As Part of Programme Announced in 2024

Drax Group, a leading force in the energy sector, has made a confident stride in the financial market. As announced on March 28, 2025, the company has undertaken a transaction in its shares. This significant action is in line with the terms of its share buyback programme, originally announced on August 7, 2024, with the aim of improving the company’s market position and enhancing shareholder value. Drax Group purchased a staggering 366,669 of its Ordinary Shares through RBC Europe Limited. Each share purchased was valued at 11 16/29 pence, showing a bold step towards financial growth and stability. The average price paid for the shares was 593.42p, with the highest price paid being 597.00p and the lowest 590.50p. This noteworthy move has resulted in Drax Group holding 429,561,219 Ordinary Shares in issue, inclusive of treasury shares, with a total number of 68,937,719 Ordinary Shares vested in the treasury. The total voting rights in Drax Group, excluding treasury shares as of March 28, 2025, stand at 360,623,500. Shareholders and those with notification obligations may find this figure useful in determining whether they are required to notify their interest, or any change in their interest, in the Drax Group under the Financial Conduct Authority’s Disclosure and Transparency Rules. Since the original announcement of the share buyback programme, the company has shown remarkable determination and progress, purchasing an aggregate of 28,962,840 Ordinary Shares for its treasury. These calculated decisions by Drax Group reassure both investors and shareholders of the company’s dedication towards sustainable financial growth and market dominance.