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31 Jul 2020 | 16:54

Director dealings: Drax CEO ups stake

(Sharecast News) - Drax Group revealed on Friday that chief executive Will Gardiner had acquired 54,772 ordinary shares in the FTSE 250-listed electricity generator. Gardiner, who joined Drax as CFO in 2015, purchased the shares on Thursday at an average price of 272.50p each, for a total value of £149,253.69.

On Wednesday, Drax reported a 30% improvement in group adjusted underlying earnings to £179m in its first half.

Drax said that Included an estimated £44m impact from the Covid-19 pandemic, primarily in its Customers SME operations.

Adjusted basic earnings per share came in at 10.8p, up from 2.0p year-on-year.

As of 1650 BST, Drax shares were up 3.31% at 281.20p.

Top Director Buys

Lloyds Banking Group (LLOY) Director name: Lupton,James Amount purchased: 1,000,000 @ 26.20p Value: £261,999.99

Drax Group (DRX) Director name: Gardiner,Will Amount purchased: 54,772 @ 272.50p Value: £149,253.69

Smith & Nephew (SN.) Director name: White,Bob Amount purchased: 2,800 @ $20.21 Value: $46,662.82

Power Metal Resources (POW) Director name: Bell,Andrew Amount purchased: 4,200,000 @ 0.91p Value: £38,052.00

Smith & Nephew (SN.) Director name: White,Bob Amount purchased: 2,200 @ $20.22 Value: $36,672.71

Vivo Energy (VVO) Director name: Daly,John Amount purchased: 50,000 @ 70.56p Value: £35,277.85

Vivo Energy (VVO) Director name: Rogers ,Christopher Amount purchased: 35,500 @ 69.83p Value: £24,788.09

Smith & Nephew (SN.) Director name: White,Bob Amount purchased: 1,000 @ $20.21 Value: $16,665.17

Sigmaroc (SRC) Director name: Barrett ,David Amount purchased: 40,000 @ 41.13p Value: £16,452.00

Sigmaroc (SRC) Director name: Vermoken ,Max Amount purchased: 25,644 @ 41.15p Value: £10,552.51

Enteq Upstream (NTQ) Director name: Steel,David Amount purchased: 75,000 @ 12.00p Value: £9,000.00

Volta Finance Limited (VTA) Director name: Meader,Paul Amount purchased: 1,533 @ 4.65 Value: 7,128.45

Volta Finance Limited (VTA) Director name: Page,Stephen Le Amount purchased: 1,348 @ 465.00p Value: £6,957.70

Volta Finance Limited (VTA) Director name: Varotsis,Paul Amount purchased: 1,201 @ 4.65 Value: 5,584.65

Volta Finance Limited (VTA) Director name: Harrison,Graham Amount purchased: 1,201 @ 4.65 Value: 5,584.65

Top Director Sells

Cranswick (CWK) Director name: Davey,Martin T P Amount sold: 7,164 @ 357,280.00p Value: £25,595,539.55

Power Metal Resources (POW) Director name: Bell,Andrew Amount sold: 3,900,000 @ 0.88p Value: £34,281.00

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