REG - Phoenix Group Hldgs - Director/PDMR Shareholding

Phoenix groupAnnouncement

27/03/2024 15:00

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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

                                                                   Phoenix Group Holdings plc ordinary shares of 10 pence

      Identification code

                                                                   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                                          N/A

      - Price
 e)   Date of the transaction                                      26 March 2024

 f)   Place of the transaction                                     London Stock Exchange

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

                                                                   Phoenix Group Holdings plc ordinary shares of 10 pence

      Identification code

                                                                   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                                          N/A

      - Price
 e)   Date of the transaction                                      26 March 2024

 f)   Place of the transaction                                     London Stock Exchange

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                                                             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

 

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