Phoenix Group Holdings PLC Director/PDMR Shareholding
28 March 2024 - 1:45AM
RNS Regulatory News
RNS Number : 5667I
Phoenix Group Holdings PLC
27 March 2024
Phoenix Group Holdings plc
(the "Company")
Exercise of nil-cost options
under the Phoenix Group Holdings plc Long Term
Incentive Plan (the "LTIP") and the Deferred Bonus Share Scheme
(the "DBSS")
The Company has today been informed
that on 26 March 2024, the following Persons Discharging Managerial
Responsibilities "PDMRs" exercised their nil-cost options over
ordinary shares of 10 pence each in the
Company under the LTIP and DBSS granted on 11 March 2019 and 12
March 2021 respectively.
LTIP
Vesting of these options was subject
to criteria relating to the Company's performance over a three-year
performance period to 31 December 2021 and
the options were then subject to a two-year holding period
following the end of the performance period. The options become
exercisable for up to seven-years with effect from 11 March
2024.
Name
|
Title
|
Number of ordinary shares acquired of
10
pence each on exercise of options
|
Jonathan Pears
|
Group Chief Risk Officer
|
34,512
|
In order to meet the Income Tax and
National Insurance liabilities arising on the exercise of the
options, the below number of shares were sold on 26 March
2024:
Name
|
Title
|
Number of ordinary shares of 10 pence
each sold for
Tax/NIC purposes
|
Sale
price per share
|
Jonathan Pears
|
Group Chief Risk Officer
|
16,351
|
5.289797
|
DBSS
Vesting of these options was subject
to a three-year holding period in respect of the deferred bonus for
the 2021 financial year to 31 December 2022. The options
become exercisable for up to six-months with effect from 12 March
2024.
Name
|
Title
|
Number of ordinary shares acquired of
10
pence each on exercise of options
|
Andy Briggs
|
Group Chief Executive
Officer
|
84,510
|
Jonathan Pears
|
Group Chief Risk Officer
|
13,863
|
In order to meet the Income Tax and
National Insurance liabilities arising on the exercise of the
options, the below numbers of shares were sold on 26 March
2024:
Name
|
Title
|
Number of ordinary shares of 10 pence
each sold for
Tax/NIC purposes
|
Sale
price per share
|
Andy Briggs
|
Group Chief Executive
Officer
|
40,039
|
5.260072
|
Jonathan Pears
|
Group Chief Risk Officer
|
6,568
|
5.289797
|
Notification and public disclosure of
transactions by a person
discharging managerial
responsibilities.
The Notification of Dealing Forms
for each PDMR can be found below. This announcement is made in
accordance with the UK Markets Abuse Regulation (Regulation (EU)
596/2014, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Andy Briggs
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Group Chief Executive
Officer
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Phoenix Group Holdings
plc
|
b)
|
LEI
|
2138001P49OLAEU33T68
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc ordinary
shares of 10 pence
GB00BGXQNP29
|
b)
|
Nature of the transaction
|
Exercise of options under the
Company's DBSS
|
c)
|
Price(s) and volume(s)
|
Item
|
Price(s)
|
Volume(s)
|
Exercise of DBSS Options
|
nil
|
84,510
|
Sale of Shares
|
5.260072
|
40,039
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
26 March 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Jonathan Pears
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Group Chief Risk Officer
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Phoenix Group Holdings
plc
|
b)
|
LEI
|
2138001P49OLAEU33T68
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc ordinary
shares of 10 pence
GB00BGXQNP29
|
b)
|
Nature of the transaction
|
Exercise of options under the
Company's LTIP and DBSS.
|
c)
|
Price(s) and volume(s)
|
Item
|
Price(s)
|
Volume(s)
|
Exercise of LTIP Options
|
nil
|
34,512
|
Exercise of DBSS Options
|
nil
|
13,863
|
Sale of Shares for LTIP
|
5.289797
|
16,351
|
Sale of Shares for DBSS
|
5.289797
|
6,568
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
26 March 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
Media Douglas
Campbell
Teneo
+44 (0)7753 136628
Shellie Wells, Corporate
Communications Director, Phoenix Group
+44 (0) 204 559
3031
|
Investors
Claire Hawkins, Corporate Affairs Director,
Phoenix Group
+44 (0) 204 559 3161
Andrew Downey, Investor Relations
Director, Phoenix Group
+44 (0) 204 559
3145
|
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