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Drax Group plc held its Annual General Meeting on Thursday, 30 April 2026, where all 22 proposed resolutions were passed by a poll. Shareholders approved a final dividend of 17.4 pence per share and elected Frank Lemmink and Mark Clare as Directors, alongside the re-election of several existing directors. The total votes cast across the resolutions represented between 71.17% and 71.88% of the Company's total voting rights.
| Date | 30 Apr 2026 |
| Time | 12:53:55 |
| Category | AGMs and other meetings |
| ID | 6383C |
Drax Group plc
(Symbol: DRX)
Results of the Annual General Meeting
Drax Group plc (the "Company") held a hybrid Annual General Meeting at 10.00am on Thursday 30 April 2026 at 200 Aldersgate, St. Paul's, London EC1A 4HD. All 22 resolutions were passed and decided upon by a poll. The table below shows the results for each resolution:
|
No.
|
Brief Description3 |
Votes For 1 |
% |
Votes Against1 |
% |
Total votes cast 2l |
% of Total Voting Rights |
Votes Withheld1 |
|
1. |
Receive and adopt the Annual Report and Accounts of the Company |
239,285,984 |
100.00 |
4,963 |
0.00 |
239,290,947 |
71.17 |
2,401,838 |
|
2. |
To approve the Annual Report on Remuneration |
236,377,489 |
97.81 |
5,283,716 |
2.19 |
241,661,205 |
71.88 |
31,580 |
|
3. |
To approve the Directors' Remuneration Policy |
225,179,273 |
93.18 |
16,482,678 |
6.82 |
241,661,951 |
71.88 |
30,834 |
|
4. |
To approve the final dividend of 17.4 pence per share |
239,785,114 |
99.22 |
1,882,191 |
0.78 |
241,667,305 |
71.88 |
25,480 |
|
5. |
To elect Frank Lemmink as a Director of the Company |
238,395,969 |
98.65 |
3,265,233 |
1.35 |
241,661,202 |
71.88 |
31,583 |
|
6. |
To elect Mark Clare as a Director of the Company |
241,163,014 |
99.79 |
502,022 |
0.21 |
241,665,036 |
71.88 |
27,749 |
|
7. |
To re-elect Andrea Bertone as a Director of the Company |
211,066,638 |
87.34 |
30,599,522 |
12.66 |
241,666,160 |
71.88 |
26,625 |
|
8. |
To re-elect Will Gardiner as a Director of the Company |
241,108,550 |
99.77 |
557,119 |
0.23 |
241,665,669 |
71.88 |
27,116 |
|
9. |
To re-elect John Baxter as a Director of the Company |
237,784,001 |
98.39 |
3,881,035 |
1.61 |
241,665,036 |
71.88 |
27,749 |
|
10. |
To re-elect Kim Keating as a Director of the Company |
238,847,976 |
98.83 |
2,817,550 |
1.17 |
241,665,526 |
71.88 |
27,259 |
|
11. |
To re-elect David Nussbaum as a Director of the Company |
235,074,252 |
97.27 |
6,590,784 |
2.73 |
241,665,036 |
71.88 |
27,749 |
|
12. |
To re-elect Erika Peterman as a Director of the Company |
240,849,838 |
99.66 |
814,689 |
0.34 |
241,664,527 |
71.88 |
28,258 |
|
13. |
To re-elect Rob Shuter as a Director of the Company |
241,157,158 |
99.79 |
503,759 |
0.21 |
241,660,917 |
71.88 |
28,749 |
|
14. |
To re-appoint PricewaterhouseCoopers LLP as auditor |
241,648,090 |
99.99 |
15,546 |
0.01 |
241,663,636 |
71.88 |
29,149 |
|
15. |
Authority to determine the auditor's remuneration |
241,010,593 |
99.73 |
651,752 |
0.27 |
241,662,345 |
71.88 |
30,440 |
|
16. |
Authority to make political donations to specified limits |
239,867,001 |
99.78 |
527,948 |
0.22 |
240,394,949 |
71.50 |
1,297,836 |
|
17. |
Authority to allot shares* |
225,952,799 |
93.50 |
15,713,494 |
6.50 |
241,666,293 |
71.88 |
26,492 |
|
18. |
Authority to make non pre-emptive share allotments* |
235,076,524 |
97.27 |
6,587,920 |
2.73 |
241,664,444 |
71.88 |
28,341 |
|
19. |
Additional disapplication of pre-emption rights* |
217,373,135 |
89.95 |
24,291,309 |
10.05 |
241,664,444 |
71.88 |
28,341 |
|
20. |
Authority to purchase own shares* |
236,221,876 |
97.95 |
4,940,971 |
2.05 |
241,162,847 |
71.73 |
529,938 |
|
21. |
Authority to call a General Meeting on not less than 14 clear days' notice* |
232,663,066 |
96.27 |
9,004,649 |
3.73 |
241,667,715 |
71.88 |
25,070 |
|
22. |
To approve the amendment to the rules of the Drax Group plc Long-Term Incentive Plan 2020 |
233,793,487 |
96.75 |
7,858,589 |
3.25 |
241,652,076 |
71.87 |
40,709 |
*Special resolution requiring 75% of votes cast to be carried.
Notes:
1. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a resolution.
2. As at 6.30pm (UK time) on Tuesday 28 April 2026, the time by which shareholders who wanted to attend and vote at the AGM must have been entered on the Company's register of members, there were 432,526,196 ordinary shares of 11 16/29 pence each in issue, of which 96,310,800 ordinary shares are held in treasury. Treasury shares do not carry voting rights. Accordingly, the total number of voting rights in respect of these ordinary shares is 336,215,396. Shareholders are entitled to one vote per share on a poll.
3. To view the full wording of the resolutions, please refer to the 2026 Notice of Annual General Meeting on the Company's website at www.drax.com.
4. In accordance with UKLR 6.4.2R, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Company details:
LEI: 549300YPSNTXR4ZHSR98
ISIN: GB00BIVNSX38
Rebecca Dunn
Group Company Secretary
Drax Group plc
END