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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has applied for the block listing of 280,000 ordinary shares on the London Stock Exchange, associated with its Long Term Incentive Plan 2020. This move, expected to be effective on 23 December 2024, will see the shares rank equally with existing shares, potentially impacting the company’s stock liquidity and stakeholder interests.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing primarily on power generation and supply. The company is known for its efforts in renewable energy, particularly biomass power, and has a market focus on sustainable and low-carbon energy solutions.
YTD Price Performance: 35.27%
Average Trading Volume: 1,151,278
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.06B
Learn more about DRX stock on TipRanks’ Stock Analysis page.
