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Drax Group plc was notified on 26 August 2025 that the Financial Conduct Authority (FCA) commenced an investigation into the Company. The investigation covers the period from January 2022 to March 2024, relating to historical statements about Drax's biomass sourcing and the compliance of its 2021, 2022, and 2023 Annual Reports with the Listing Rules and Disclosure Guidance and Transparency Rules.
| Date | 28 Aug 2025 |
| Time | 07:00:09 |
| Category | Miscellaneous |
| ID | 9506W |
28 August 2025
Drax Group plc
("Drax", "The Company")
Notification of Investigation by the Financial Conduct Authority (FCA)
The Company was notified on 26 August 2025 that the Financial Conduct Authority ("FCA") has commenced an investigation into the Company covering the period January 2022 to March 2024 relating to certain historical statements regarding Drax's biomass sourcing and the compliance of Drax's 2021, 2022 and 2023 Annual Reports with the Listing Rules and Disclosure Guidance and Transparency Rules.
The Company will cooperate with the FCA as part of their investigation.
Enquiries:
Drax Investor Relations:
Chris Simpson
+44 (0) 7923 257 815
Media:
Drax External Communications:
Chris Mostyn
+44 (0) 7743 963 483
Website: www.drax.com
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