REG - Phoenix Group Hldgs - Director/PDMR Shareholding

Phoenix groupAnnouncement

03/04/2024 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240403:nRSC1901Ja&default-theme=true

RNS Number : 1901J  Phoenix Group Holdings PLC  03 April 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 2 April 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 2022 and the
options were then subject to a two-year holding period following the end of
the performance period. The number of options acquired includes the dividend
equivalent Shares which participants receive upon exercise. The options become
exercisable for up to five-years with effect from 11 March 2024.

 

 Name            Title                          Number of ordinary shares acquired of 10 pence each on exercise of options
 Rakesh Thakrar  Group Chief Financial Officer  43,141

 

In order to meet the Income Tax and Employee National Insurance liabilities
arising on the exercise of the options, the below number of shares were sold
on 2 April 2024:

 

 Name            Title                          Number of ordinary shares of 10 pence each sold for Tax/NIC purposes  Sale price per share
 Rakesh Thakrar  Group Chief Financial Officer  20,439                                                                5.530667

 

DBSS

 

Vesting of these options was subject to a three-year holding period in respect
of the deferred bonus for the 2020 financial year to 31 December 2022. The
number of options acquired includes the dividend equivalent Shares which
participants receive upon exercise. 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
 Rakesh Thakrar  Group Chief Financial Officer  34,396

 

In order to meet the Income Tax and Employee National Insurance liabilities
arising on the exercise of the options, the below numbers of shares were sold
on 2 April 2024:

 

 Name            Title                          Number of ordinary shares of 10 pence each sold for Tax/NIC purposes  Sale price per share
 Rakesh Thakrar  Group Chief Financial Officer  16,296                                                                5.530667

 

Notification and public disclosure of transactions by a person discharging
managerial responsibilities and persons closely associated with them.

 

The Notification of Dealing Forms for each PDMR can be found below. This
announcement is made in accordance with Article 19(3) of 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                                                         Rakesh Thakrar

 2    Reason for the notification

 a)   Position/status                                              Group Chief Financial 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

                                                                   Phoenix Group Holdings plc ordinary shares of 10 pence

      Identification code

                                                                   GB00BGXQNP29
 b)   Nature of the transaction                                    Acquisition of shares pursuant to the exercise of options under the Company's

                                                            LTIP and DBSS and sale of shares to cover tax liabilities

 c)   Price(s) and volume(s)

Item                      Price(s)  Volume(s)
                                                                   Exercise of LTIP          nil       43,141

                                                            Exercise of DBSS Options  nil       34,396
                                                                   Sale of Shares for LTIP   5.530667  20439
                                                                   Sale of Shares for DBSS   5.530667  16296
 d)   Aggregated information

      - Aggregated volume                                          36,735

      - Price                                                      5.530667

 e)   Date of the transaction                                      2 April 2024

 f)   Place of the transaction                                     London Stock Exchange (XLON)

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

36,735

 

5.530667

 

e)

 

Date of the transaction

2 April 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFXLFBZZLEBBK