![](https://www.drax.com/uk/wp-content/uploads/sites/8/2019/02/DSC4765-3_RT.jpg)
Enabling a zero carbon, lower cost energy future
![](https://www.drax.com/uk/wp-content/uploads/sites/8/2019/02/DSC4765-3_RT.jpg)
Adjusted(1) | Total | |||
Twelve months ended 31 December | 2018 | 2017 Restated(2) | 2018 | 2017 Restated(2) |
Key financial performance measures | ||||
EBITDA (£ million)(3) | 250 | 229 | ||
Profit / (loss) before tax (£ million) | 37 | 5 | 14 | (204) |
Basic earnings / (loss) per share (pence) | 10.4 | 0.7 | 5.0 | (41.3) |
Dam and reservoir, Cruachan Power Station
“Drax is now one of the leading generators of flexible, low carbon and renewable electricity in the UK. As the grid decarbonises, our ability to support intermittent renewables will become increasingly important as we strive to deliver our purpose of enabling a zero carbon, lower cost energy future.
“Drax performed well in 2018. Our commitment to operating safely and sustainably remains at our core. We commissioned our third pellet production plant, which contributed to our good results. After a difficult first quarter for our Power Generation business, we delivered strong availability and financial results. Whilst the year was challenging for our B2B Energy Supply business, we continued to grow our customer base and are investing in the significant opportunity created by smart meters.
“We are confident in our ability to continue growing our earnings and advancing our strategy through the year. We have attractive investment opportunities throughout our business, and while short-term uncertainty over the Capacity Market remains, we look forward to developing those opportunities in a disciplined fashion.”
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Register and watch 9am webcast of presentation
Drax Group plc (“Drax”) confirms that it will be announcing its Full Year Results for the twelve months ended 31 December 2018 on Tuesday 26 February 2019.
Information regarding the results presentation meeting and webcast is detailed below.
Management will host a presentation for analysts and investors at 9:00am (UK Time), Tuesday 26 February 2018, at The Lincoln Centre, 18 Lincoln’s Inn Fields, London, WC2A 3ED.
Would anyone wishing to attend please confirm by e-mailing [email protected]
or calling Christopher Laing at FTI Consulting on +44 (0)20 3727 1355.
The meeting can also be accessed remotely via a live webcast, as detailed below. After the meeting, the webcast will be made available and access details of this recording are also set out below.
A copy of the presentation will be made available from 7:00am (UK time) on Tuesday 26 February 2019 for download at: www.drax.com/uk>>investors>>results-reports-agm>> #investor-relations-presentations or use the link https://www.drax.com/uk/investors/results-reports-agm/#investor-relations-presentations
Event Title: Drax Group plc: Full Year Results
Event Date: Tuesday 26 February 2019, 9:00am (UK time)
Webcast Live Event Link:
webcast.merchantcantoscdn.com/webcaster/dyn/4000/7464/16531/111250/Lobby/default.htm
Start Date: Tuesday 26 February 2019
Delete Date: Monday 24 February 2020
Archive Link: webcast.merchantcantoscdn.com/webcaster/dyn/4000/7464/16531/111250/Lobby/default.htm
For further information please contact Christopher Laing on+44 (0)20 3727 1355.
Website: www.drax.com/uk
Drax Group plc (the Company) announces that following the purchased ordinary shares on Monday, 21 January 2019, the Company’s £50 million share buyback programme, managed by J.P. Morgan Securities plc, which was announced on 20 April 2018, was completed in accordance with its terms.
In aggregate between 20 April 2018 and 21 January 2019, the Company repurchased 13,841,295 ordinary shares.
Mark Strafford
Ali Lewis
Website: www.drax.com/uk
END
RNS Number : 8681L
Drax Group PLC
Drax Group plc is pleased to announce that it has completed the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation, which comprises ScottishPower Generation Group and its wholly owned subsidiary, SMW.
The Acquisition was originally announced on 16 October 2018.
Drax Investor Relations: Mark Strafford
+44 (0) 1757 612 491
+44 (0) 7730 763 949
Drax External Communications: Matt Willey
+44 (0) 7711 376 087
Website: www.drax.com/uk
END
No. | Brief Description | Votes For | % | Votes Against | % | Votes Total | Votes Withheld |
---|---|---|---|---|---|---|---|
1. | To approve the acquisition of the entire issued share capital of ScottishPower Generation Limited | 268,580,494 | 85.75 | 44,619,027 | 14.25 | 313,199,521 | 21,841 |
The resolution was carried. Completion of the acquisition is expected to occur on 31 December 2018.
The number of shares in issue is 407,193,168 (of which 12,867,349 are held in treasury. Treasury shares don’t carry voting rights).
Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against the resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.
A copy of the resolution is available for inspection in the Circular, which was previously submitted to the UK Listing Authority’s Document Viewing Facility, via the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.
The Circular and the voting results are also available on the Company’s website at www.drax.com/uk.
Mark Strafford
+44 (0) 1757 612 491
+44 (0) 7730 763 949
Matt Willey
+44 (0) 7711 376 087
Website: www.drax.com/uk
END