Drax Group PLC Transaction in Own Shares (4944O)

TIDMDRX

RNS Number : 4944O

Drax Group PLC

17 May 2018

Transactions in own shares

Drax Group plc (the Company) announces today it has purchased the following number of its ordinary shares of 11 16/29 pence each through J.P. Morgan Securities plc.

 
 Date of purchase:                17 May 2018 
 Aggregate number of ordinary 
  shares purchased:               74,910 
 Lowest price paid per share:     344.80000 
 Highest price paid per share:    351.20000 
 Average price paid per share:    348.11935

The Company intends to hold the purchased shares in treasury.

Since 20 April 2018, the Company has purchased 1,557,411 shares at a cost (including dealing and associated costs) of GBP5,005,746.74.

Following the above transaction, the Company holds 1,557,411, of its ordinary shares in treasury and has 405,482,164 ordinary shares in issue (excluding treasury shares).

The table below contains detailed information about the purchases made as part of the buyback programme.

Schedule of Purchases

 
 Shares purchased:    74,910 (ISIN: GB00B1VNSX38) 
 Date of purchases:   17 May 2018 
 Investment           J.P. Morgan Securities 
  firm:                plc

Aggregate information:

 
    Venue      Volume-weighted  Aggregated     Lowest     Highest price 
                average price     volume      price per     per share 
                    (GBp)                    share (GBp)      (GBp) 
-------------  ---------------  ----------  ------------  ------------- 
London Stock 
 Exchange         348.11935       74,910     344.80000      351.20000 
-------------  ---------------  ----------  ------------  -------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 17, 2018 12:56 ET (16:56 GMT)

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