REG - Phoenix Group Hldgs - Director/PDMR Shareholding

Phoenix groupAnnouncement

28/03/2023 16:45

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RNS Number : 5183U  Phoenix Group Holdings PLC  28 March 2023

PHOENIX GROUP HOLDINGS PLC ("Company")

 

NOTIFICATION OF TRANSACTION OF DIRECTOR AND PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMR")

 

 

Phoenix Group Holdings plc has been notified that Rakesh Thakrar, Group Chief
Financial Officer and PDMR, purchased 3,566 ordinary shares of £0.10 each in
the Company. Full details of the share purchase are set out below.

 

 Name            Number of shares purchased  Purchase price per ordinary share  Date of purchase
 Rakesh Thakrar  3,566                       558 pence                          27 March 2023

 

 

In addition, he exercised his nil-cost options over ordinary shares of £0.10
each in the Company under the DBSS on 27 March 2023.

 

DBSS

 

Vesting of these options was subject to a three-year holding period in respect
of the deferred bonus for the 2019 financial year to 31 December 2022.  The
options become exercisable for up to six- months with effect from 13 March
2023.

 

 Name            Title                          Number of ordinary shares acquired of £0.10 each on exercise of options
 Rakesh Thakrar  Group Chief Financial Officer  18,738

 

In order to meet the Income Tax and National Insurance liabilities arising on
the exercise of the options, the following numbers of shares were sold on 27
March 2023 at a price of 547 pence per share:

 

 Name            Title                          Number of ordinary shares of £0.10 each sold for tax/NIC purposes
 Rakesh Thakrar  Group Chief Financial Officer  8,878

 

The Notification of Dealing Form can be found below. This announcement is made
in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 (as
incorporated into UK domestic law by the European Union (Withdrawal) Act
2018).

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Rakesh Thakrar
 2   Reason for notification
 a.  Position/Status                                              Group Chief Financial Officer/PDMR
 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  ordinary shares of 10 pence each

Identification Code
 

                                                                  GB00BGXQNP29

 
 b.  Nature of the transaction                                    a)     Purchase of ordinary shares

                                                                  b)    Exercise of the Company's DBSS Award

                                                                  c)     DBSS Award - amount sold to cover tax and NI
 c.  Price(s) and volume(s)                                       Price(s)               Volume(s)

                                                                  a)     558 pence       3,566
                                                                  b)    Nil              18,738

                                                                  c)     547 pence       8,878

 
 d.  Aggregated information

     - Aggregated Volume                                           N/A

     - Price
 e.  Date of the transaction                                      27 March 2023
 f.  Place of the transaction                                     London Stock Exchange

 

d.

Aggregated information

- Aggregated Volume

- Price

 

 N/A

e.

Date of the transaction

27 March 2023

f.

Place of the transaction

London Stock Exchange

 

 

Enquiries:

 Media                                                             Investors
 Douglas Campbell                                                  Claire Hawkins, Corporate Affairs Director, Phoenix Group

                                                                 +44 (0) 204 559 3161
 Teneo

                                                                 Andrew Downey, Investor Relations Director, Phoenix Group
 +44 (0)7753 136628

                                                                 +44 (0) 204 559 3145
 Shellie Wells, Corporate Communications Director, Phoenix Group

 +44 (0) 204 559 3031

 

NOTE: Please email any major shareholding notifications under DTR 5.1.2 R to
the Group Company Secretary (kulbinder.dosanjh@thephoenixgroup.com
(mailto:kulbinder.dosanjh@thephoenixgroup.com) ) copying in
andrew.downey@thephoenixgroup.com (mailto:andrew.downey@thephoenixgroup.com)
and vickie.reuben@thephoenixgroup.com
(mailto:vickie.reuben@thephoenixgroup.com)

 

 

 

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