Investors FAQs
These pages provide you with useful information on managing your Drax Group plc shares and dividends, registering for a Shareview portfolio and for e-communications.
Shares
On which exchanges is Drax Group plc listed?
Drax Group plc shares are listed on the London Stock Exchange (LSE).
What is the stock symbol for Drax Group plc?
The stock symbol for Drax Group plc on the LSE is DRX.
What is the ISIN number for Drax Group plc?
The ISIN number is GB00B1VNSX38.
What is the nominal value of Drax Group plc ordinary shares?
The nominal value of Drax Group plc ordinary shares is 11 16/29 pence each.
Who are the Company’s registrars and how do I contact them?
The contact details of the Company’s registrars are as follows:
Equiniti Limited
Highdown House
Yeoman Way
Worthing
BN99 6DA
Telephone: From within the UK 0371 384 2030 (calls cost 10 pence per minute from a BT landline, other providers’ costs may vary). From outside the UK +44 371 384 2030.
You should contact Equiniti Limited directly if you have a query which relates to any of the following:
- Change of name or address
- Lost or stolen share certificate or dividend cheque
- Death of the registered holder of the shares
When contacting Equiniti Limited it would be helpful if you had your investor code to hand and also be sure to quote Drax Group plc in any communication.
How do I sell or transfer my ordinary shares?
This is usually done through a stockbroker, bank, or building society. They all offer a similar service although the commissions they charge will vary. Drax does not recommend any broker.
If you hold a paper share certificate, you will need to complete a stock transfer form and send it to Equiniti Limited, together with your share certificate(s), to arrange the transfer of ownership. You can find more details here Equiniti Shareview | Sell paper share certificates
Please note: Where the transfer is for a cash consideration you will need to send the stock transfer form to your local HM Revenue & Customs office for stamping. For further information, please contact either your local HM Revenue & Customs office or Equiniti Limited.
Do you have a corporate Individual Savings Account (ISA) facility?
No.
Is there any way I can donate ordinary shares to charity?
If you would like to donate some or all of your Drax Group plc shares to charity, you can do so by contacting ShareGift at:
4th Floor Rear, 67/68 Jermyn Street, London, SW1Y 6NY
Telephone: 020 7930 3737
Website: sharegift.org
Is Drax Group plc a member of the FTSE4Good Index Series?
Yes.
Dividends
I have an out-of-date dividend cheque. What can I do?
You will need to contact Equiniti, who will inform you of the next steps. To contact Equiniti, please visit help.shareview.co.uk (from here, you can securely email Equiniti with your enquiry).
Can I have my Drax dividends paid directly into my bank or building society account?
Yes. You will need to request a BACS dividend mandate form from Equiniti. To contact Equiniti, please visit help.shareview.co.uk (from here, you can securely email Equiniti with your enquiry).
Will I still receive notification of dividend payments if they are paid direct into my bank or building society account?
Yes, a dividend tax voucher will be sent to your registered address once per year. This tax voucher covers the whole tax year.
Why are Drax dividends now chequeless?
UK dividends are going chequeless primarily to modernise the financial system, reduce fraud, lower corporate costs, and improve environmental sustainability. The shift is part of a broader government-backed initiative. The UK Digitisation Taskforce was established to modernise the UK’s shareholding framework, and the phasing out of paper cheques in favour of direct electronic communications and bank transfers was a core recommendation of this modernisation strategy.
Dividend payments are now paid directly to your bank or building society account, which is quicker and more secure. Having your dividend paid directly into your bank or building society account through the BACS system means:
- faster and more convenient payment;
- no more lost or stolen cheques;
- reduces the risk of fraud; and
- reduces the amount of paper we use.
If I don’t update my bank mandate what will happen to my dividend?
Your dividend will be retained by our Registrar, Equiniti, until you provide your bank or building society account. Your dividend will not accrue any interest whilst it is being held for you, and Equiniti could charge a fee for the release of your dividend.
What if my bank account is an overseas account?
Equiniti offer an overseas payment service, where they can arrange for payments to be made in over 90 countries worldwide. The fee is usually less than paying a cheque in GBP.
How can I update my bank details?
Log into or register at www.shareview.co.uk to update your bank details. Shareview is a free, easy and secure service that enables you to manage your shareholding online. Alternatively, you can download and complete a bank mandate form here. You can contact Equiniti by visiting shareview.co.uk.
Can I take my dividend in shares?
Drax Group plc does not offer this option.
Where can I find Drax’s dividend history?
Electronic communications
We encourage our shareholders to take advantage of electronic communications. By signing up to receive electronic communications, you will be helping to reduce print, paper and postage costs and the associated environmental impact.
Just go to www.shareview.co.uk and follow the ‘Register’ link in the top right corner. You will need to enter your Shareholder Reference Number, select ‘electronic’ as your preferred method of delivery of communications and provide an email address. You will then receive an email each time a shareholder document is placed on our website, giving you full details of where and how to access it.
Updated October 2026
