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Drax Group PLC announced on 18 June 2026 that the Financial Conduct Authority (FCA) has closed its investigation into the Company, with no action being taken. The investigation, which was announced on 28 August 2025, covered the period January 2022 to March 2024 and related to historical statements and the compliance of Drax's 2021, 2022, and 2023 Annual Reports.
| Date | 18 Jun 2026 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 7435I |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
18 June 2026
Drax Group plc
("Drax", "The Company"; Symbol: DRX)
Closure of Investigation by the Financial Conduct Authority (FCA)
Drax confirms that the FCA has closed its investigation into the Company, which was announced on 28 August 2025, and no action will be taken.
The investigation covered the period January 2022 to March 2024 and related 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 FCA has confirmed that it has no concerns warranting further investigation.
Commenting on the closure of the investigation, Will Gardiner, CEO of Drax said, "We recognise the importance of compliance with our regulatory obligations and have worked constructively with the FCA throughout this investigation.
We are pleased to see the investigation closed with no action being taken."
Enquiries:
Drax Investor Relations:
Mark Strafford
+44 (0) 7730 763 949
Chris Simpson
+44 (0) 7923 257 815
Media:
Drax External Communications:
Chris Mostyn
+44 (0) 7743 963 483
Andy Low
+44 (0) 7841 068 415
Website: www.drax.com
LEI: 549300YPSNTXR4ZHSR98
ISIN: GB00B1VNSX38
This announcement contains Inside Information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this Announcement via a Regulatory Information Service, this inside information will be in the public domain. The person responsible for arranging for the release of this Announcement is Rebecca Dunn (Company Secretary).
ENDS