Duyuru • May 30
Drax Group Plc Announces CFO Changes Drax Group Plc had confirmed that its Chief Financial Officer, Frank Lemmink, had returned to work following a leave of absence to support his recovery from a recent health issue. The Company's Board of Directors had acknowledged the service of Deputy Chief Financial Officer, Daniel Peacock, who served as interim Chief Financial Officer for the duration of Frank Lemmink's leave. Duyuru • Apr 30
Drax Group plc to Report First Half, 2026 Results on Jul 30, 2026 Drax Group plc announced that they will report first half, 2026 results on Jul 30, 2026 Duyuru • Apr 03
Drax Group plc (LSE:DRX) acquired Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million. Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million on January 21, 2026. The agreed sale price generates expected total sale proceeds of £42 million which represents an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million, which is subject to customary closing adjustments.
Flexitricity today employs over 85 people across operations, technology, engineering, finance, sales and trading.
Transaction is conditional on completion of regulatory approvals and processes. Completion is expected in Q1 2026.
Jefferies International Limited acted as financial advisor for Quinbrook Infrastructure Partners Pty Ltd. DLA Piper Group acted as legal advisor for Quinbrook Infrastructure Partners Pty Ltd.
Drax Group plc (LSE:DRX) completed the acquisition of Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. on April 1, 2026. Duyuru • Mar 25
Drax Group plc, Annual General Meeting, Apr 30, 2026 Drax Group plc, Annual General Meeting, Apr 30, 2026. Location: 200 aldersgate, st pauls, ec1a 4hd, london United Kingdom Duyuru • Mar 06
Drax Group plc Announces CFO Changes, Effective March 5, 2026 Drax Group plc announced that its Chief Financial Officer, Frank Lemmink, took a six-month leave of absence to support his recovery from a recent health issue, effective March 5, 2026. The Company's Board of Directors appointed Deputy Chief Financial Officer, Daniel Peacock, as interim Chief Financial Officer for the duration of Frank's leave. In this role, Daniel will report to Will Gardiner, Chief Executive Officer. Daniel is a Chartered Accountant and, prior to becoming Deputy Chief Financial Officer, was Director of Business Finance and FP&A since joining the Group in 2019. Duyuru • Mar 03
Drax Group plc Announces Executive Changes, Effective March 2, 2026 Drax Group Plc announced that Rebecca Dunn has been appointed Group Company Secretary with effect from 2 March 2026. Rebecca replaces Hillary Berger, Group General Counsel, who had held the position on an interim basis since December 2025. Further to the appointment of Mark Clare as a non-executive director on 13 February 2026, the Board is pleased to confirm that Mark has been appointed a member of the Nomination, Audit and Remuneration Committees with effect from 2 March 2026. Duyuru • Feb 26
Drax Group plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on May 15, 2026 Drax Group plc proposed final dividend of 17.4 pence for the year ended 31 December 2025, subject to approval at the 2026 Annual General Meeting, the final dividend will be paid on 15 May 2026. Ex-dividend date: 23 April 2026 and Record date: 24 April 2026. Duyuru • Jan 22
Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million. Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million on January 21, 2026. The agreed sale price generates expected total sale proceeds of £42 million which represents an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million, which is subject to customary closing adjustments.
Flexitricity today employs over 85 people across operations, technology, engineering, finance, sales and trading.
Transaction is conditional on completion of regulatory approvals and processes. Completion is expected in Q1 2026.
Jefferies International Limited acted as financial advisor for Quinbrook Infrastructure Partners Pty Ltd. DLA Piper Group acted as legal advisor for Quinbrook Infrastructure Partners Pty Ltd. Duyuru • Dec 11
Drax Group plc to Report Fiscal Year 2025 Results on Feb 26, 2026 Drax Group plc announced that they will report fiscal year 2025 results on Feb 26, 2026 Duyuru • Jul 31
Drax Group plc Expects to Propose A Dividend for the 2025 Financial Year, Payable on 24 October 2025 Drax Group plc expects to propose a dividend for the 2025 financial year of 29.0 pence per ordinary share, an 11.5% increase (H1-24: 10.4 pence per share), consistent with policy to pay a dividend which is sustainable and expected to grow. As has been practice, 40% of the expected full year dividend, or 11.6 pence per ordinary share will be paid as an interim dividend. The interim dividend will be paid on 24 October 2025 with a record date of 26 September 2025. Duyuru • May 02
Drax Group plc Approves the Final Dividend Drax Group plc approved the final dividend of 15.6 pence per share, at the AGM held on 1 May 2025. Duyuru • Mar 26
Drax Group plc (LSE:DRX) reached an agreement to acquire Harmony Energy Income Trust Plc (LSE:HEIT) for £200 million. Drax Group plc (LSE:DRX) reached an agreement to acquire Harmony Energy Income Trust Plc (LSE:HEIT) for £200 million on March 25, 2025. A cash consideration valued at £0.88 per share will be paid by Drax Group plc. The conditions outlined for the Scheme and Acquisition are comprehensive and cover various aspects necessary for the successful completion of the transaction. Here's a summary of the key conditions, The acquisition is contingent upon the Scheme becoming unconditional and effective, subject to approval by HEIT Shareholders and the Court. The Consideration will be funded from existing cash on the balance sheet and does not impact Drax's ongoing £300 million share buyback programme announced on July 26, 2024, nor its planned dividend. It was in this context, and in order to explore opportunities to maximize value to HEIT Shareholders, that the HEIT Board engaged Jones Lang LaSalle in May 2024 with a mandate to seek offers for some or all of the HEIT portfolio. The aim of this process was to demonstrate to the market the true value of the HEIT portfolio and the continuing disconnect with the share price. At the time, HEIT Shares were trading at an approximately 50 per cent. discount to the published adjusted Net Asset Value per HEIT Share. The Scheme requires approval by a majority of HEIT Shareholders, representing at least 75% of the value of shares voted at the Court Meeting and General Meeting. The acquisition may require notification and approval by the Secretary of State under the NSI Act, and all necessary regulatory approvals must be obtained. The transaction is Subject to the satisfaction waiver of the Conditions, the Acquisition is expected to become Effective around the end of Q2 2025. Chris Clarke, Darren Vickers, Will King of Panmure Liberum Capital Limited acted as financial advisor for Harmony Energy Income Trust Plc. Robert Constant, James Robinson, Alia Malik, Rupert Budge of J.P. Morgan Securities plc acted as financial advisor for Drax Group plc. Pinsent Masons act as legal advisor for Drax Group plc, Gowling WLG (UK) LLP act as legal advisor for Harmony Energy Income Trust Plc, Computershare Investor Services PLC act as registrar for Harmony Energy Income Trust Plc. Duyuru • Mar 01
Drax Group plc Proposes Final Dividend for Year 2024, Payable on May 16, 2025 Drax Group plc board proposes to pay a final dividend in respect of 2024 of £57 million, equivalent to 15.6 pence per share. This will make the full-year 2024 dividend £97 million (26.0 pence per share) (2023: £89 million, 23.1 pence per share). This represents a 12.6% increase on the dividend per share paid in respect of 2023. At the Annual General Meeting on 1 May 2025, the Board will seek shareholder approval to pay a final dividend for the year ended 31 December 2024 of 15.6 pence per share. If approved, the final dividend will be paid on 16 May 2025, with a record date of 25 April 2025. Duyuru • Nov 12
Drax Group plc to Report Fiscal Year 2024 Results on Feb 27, 2025 Drax Group plc announced that they will report fiscal year 2024 results on Feb 27, 2025 Duyuru • Jul 29
Drax Group plc (LSE:DRX) announces an Equity Buyback for £300 million worth of its shares. Drax Group plc (LSE:DRX) announces a share repurchase program. Under the program, the company will repurchase up to £300 million worth of its shares. The program is valid for 2 years Duyuru • Jun 13
Drax Group plc Announces Appointment of Rob Shuter as Non-Executive Director and Audit Committee Chair Drax Group plc announced the appointment of Rob Shuter as a non-executive director and Audit Committee Chair, effective from June 11, 2024. Rob brings a wealth of complex financial, regulatory and strategic experience gained from over 30 years in the telecommunications and financial services sectors. Rob served on the BT Group plc executive committee as the divisional CEO of BT Enterprise between 2021 and January 2023, prior to which he served for 3 years as Group President and CEO of MTN Group Ltd. Rob also held a number of senior executive positions within the Vodafone Group between 2009 and 2016 including most recently as Chief Executive Officer, European Cluster in addition to serving between 2009 and 2011 as Chief Financial Officer of Vodacom Group Ltd. Rob worked in the financial services sector between 1992 and 2009 which included executive positions in retail banking at Nedbank Group Ltd. and investment banking at Standard Bank Group Ltd. More recently he served as Non-Executive Director and Chair of the Audit and Risk Committee for The GSM Association. Rob Shuter is a dual national of Britain and South Africa and qualified as a Chartered Accountant (South Africa) whilst working at Deloitte & Touche LLP. As previously announced, Vanessa Simms a non-executive director and the Chair of the Audit Committee will be standing down from Drax on June 18, 2024 after six years on the Board. Mr. Shuter was also formerly an executive director at: MTN Group Ltd, between March 2017 and September 2020; MTN Nigeria communications plc between March 2017 and September 2020. Duyuru • Apr 27
Drax Group plc Approves the Final Dividend for the Year 2023 Drax Group plc approved the final dividend of 13.9 pence per share for the year 2023. Duyuru • Dec 06
Drax Group plc to Report Fiscal Year 2023 Results on Feb 29, 2024 Drax Group plc announced that they will report fiscal year 2023 results on Feb 29, 2024 Duyuru • Sep 06
Drax Group Appoints Miguel Veiga-Pestana as Chief Sustainability Officer Drax Group appointed Miguel Veiga-Pestana as Chief Sustainability Officer. Miguel is a seasoned leader of strategic sustainability and reputation building functions and he will use his extensive experience in major global corporations and 'not-for-profit' organizations to support Drax in delivering its purpose, strategic aims and ambition. Prior to coming to Drax, Miguel most recently held the Executive Committee role of Chief Sustainability Officer and Head of Corporate Affairs at the British multinational consumer goods company, Reckitt Benckiser. He has also been Chief Communications Officer at the Executive Leadership level for the Bill and Melinda Gates Foundation, the world's largest philanthropic organisation, and worked for 11 years at Unilever where he was Vice President of Global External Affairs and Sustainability. Duyuru • Sep 01
Drax Group Appoints Andrea Bertone to Board of Directors Drax Group appointed Andrea Bertone as a non-executive director and Chair Designate of Drax. Bertone is the former President of Duke Energy Corporation's international division (DEI) where she spent 15 years in leadership roles, including seven years as President of DEI with executive responsibility for a portfolio of 4,400MW of hydro and thermal assets. The appointment is in anticipation of the conclusion of Philip Cox's successful nine-year tenure as a non-executive director during which he made a significant contribution to Drax's growth and success. Cox will step down as Chair and a non-executive director on December 31, 2023, and the Board expresses their sincere gratitude for Cox's valuable service. Bertone will assume the position of Chair effective January 1, 2024. The appointment of Bertone in the role of Chair Designate allows for a managed handover from Cox prior to her assuming the position. Prior to serving as President, Bertone held senior legal positions between 2001 and 2009 at DEI, including as associate General Counsel from 2003 to 2009, as part of which she oversaw legal and regulatory matters for the Group's business in Latin America. Bertone left Duke in 2016. Prior to Duke, Bertone's roles included Latin America counsel with Baker McKenzie. Bertone currently serves as a non-executive director of several companies each of which is publicly listed and operating in diverse sectors, spanning packaging manufacturing, energy and waste management. Duyuru • Aug 24
Drax Group plc Announces Board Changes Drax Group plc announced the appointment of Andrea Bertone as a non-executive director and Chair Designate of the Company, effective from 24 August 2023. The appointment is in anticipation of the conclusion of Philip Cox's successful nine-year tenure as a non-executive director during which he made a significant contribution to the Company's growth and success. Mr. Cox will step down as Chair and a non-executive director on 31 December 2023, and the Board expresses their sincere gratitude for Mr. Cox's valuable service. Ms Bertone will assume the position of Chair effective 1 January 2024. The appointment of Ms Bertone in the role of Chair Designate allows for a managed handover from Mr. Cox prior to Ms Bertone assuming the position of Chair. Ms Bertone is the former President of Duke Energy Corporation's ("Duke") international division ("DEI"). Ms Bertone spent 15 years at Duke, including seven years as President of DEI with executive responsibility for a portfolio of c.4,400MW of hydro and thermal assets.Prior to serving as President, Ms Bertone held senior legal positions between 2001 and 2009 at DEI, including as associate General Counsel from 2003 to 2009, as part of which she oversaw legal and regulatory matters for the Group's business in Latin America. Ms Bertone left Duke in 2016. Prior to Duke, Ms Bertone's roles included Latin America counsel with Baker McKenzie. Ms Bertone has current experience in serving as a non-executive director of several companies each of which is publicly listed and operating in diverse sectors, spanning packaging manufacturing, energy and waste management. Ms Bertone who is resident in Houston, Texas, earned a Bachelor of Law from the University of Sao Paulo Law School in Brazil and a Master of Law in International and Comparative Law from Chicago-Kent College of Law at the Illinois Institute of Technology. Ms Bertone is a member of the Brazilian Bar Association. Duyuru • Jul 28
Drax Group plc Resolves to Pay an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 6 October 2023 On 26 July 2023, the Board of Drax Group plc resolved to pay an interim dividend for the six months ended 30 June 2023 of 9.2 pence per share (£36 million), representing 40% of the expected full year dividend. The interim dividend will be paid on 6 October 2023 with a record date of 25 August 2023. Duyuru • Jun 29
Drax Group plc to Report First Half, 2023 Results on Jul 27, 2023 Drax Group plc announced that they will report first half, 2023 results on Jul 27, 2023 Duyuru • Dec 15
Drax Group plc to Report Fiscal Year 2022 Results on Feb 23, 2023 Drax Group plc announced that they will report fiscal year 2022 results on Feb 23, 2023 
