REG - Phoenix Group Hldgs - Director/PDMR Shareholding
24/03/2025 17:45
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RNS Number : 9518B Phoenix Group Holdings PLC 24 March 2025
24 March 2025
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 was today informed that on 21 March 2025, the following Persons
Discharging Managerial Responsibilities "PDMRs" exercised their nil-cost
options over ordinary shares of 10 pence each in the Company under an LTIP
Buy Out award granted on 17 August 2021 ("2021 LTIP Buy Out") LTIP's granted
on 17 August 2021 ("2021 LTIP") and 18 March 2022 ("2022 LTIP") respectively,
and the DBSS granted on 18 March 2022.
LTIP
Vesting of options under the 2021 and 2022 LTIP were subject to criteria
relating to the Company performance over a three-year period to 31 December
2023 ("2021 LTIP") and 31 December 2024 ("2022 LTIP"). The number of options
acquired includes dividend equivalent shares awarded at vest
Name Title Award Number of options exercised Number of ordinary shares sold Sale price per share (in pence)
Colin Williams Chief Executive Officer, Pensions and Savings 2021 LTIP 42,087 42,087 575.249
Colin Williams Chief Executive Officer, Pensions and Savings 2021 LTIP Buy Out 80,532 80,532 575.249
Colin Williams Chief Executive Officer, Pensions and Savings 2022 LTIP 56,699 56,699 575.249
Tom Ground Chief Executive Officer, Retirement Solutions 2022 LTIP 54,310 54,310 574.888
Income Tax and Employee National Insurance liabilities were paid on exercise
through the sale of shares. All shares were sold.
DBSS
Vesting of these options was subject to a three-year holding period in respect
of the deferred bonus for the financial year ended 31 December 2021. The
number of options acquired relate to the dividend equivalent shares awarded at
vest.
Name Title Number of options exercised Number of ordinary shares sold Sale price per share (in pence)
Tom Ground Chief Executive Officer, Retirement Solutions 7,114 7,114 574.888
Colin Williams Chief Executive Officer, Pensions and Savings 18,675 18,675 575.249
Income Tax and Employee National Insurance liabilities were paid on exercise
through the sale of shares. All the shares were sold.
Name Title Number of options exercised Number of ordinary shares sold to cover Tax and Employee NI Number of shares held Sale price per share (in pence)
Sara Thompson Chief People Officer 24,643 11,676 12,967 577.000
Notification and public disclosure of transactions by persons discharging
managerial responsibilities
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
a) Name Colin Williams
2 Reason for the notification
a) Position/status Chief Executive Officer, Pensions and Savings
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 each
Identification code
GB00BGXQNP29
b) Nature of the transaction Acquisition of shares pursuant to the exercise of options for an LTIP Buy Out
Award, under the Company's LTIP and DBSS and sale of all shares
c) Price(s) and volume(s)
Item Price(s) in pence Volume(s)
Exercise of 2021 LTIP options Nil 42,087
Exercise of 2021 Buy Out award options Nil 80,532
Exercise of 2022 LTIP options Nil 56,699
Exercise of 2022 DBSS options Nil 18,675
Sale of Shares - 2021 LTIP 575.249 42,087
Sale of Shares - 2021 Buy Out award 575.249 80,532
Sale of Shares - 2022 LTIP 575.249 56,699
Sale of Shares - DBSS 575.249 18,675
d) Aggregated information
- Aggregated volume 197,993
- Price 575.249
e) Date of the transaction 21 March 2025
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
197,993
575.249
e)
Date of the transaction
21 March 2025
f)
Place of the transaction
London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities
a) Name Tom Ground
2 Reason for the notification
a) Position/status Chief Executive Officer, Retirement Solutions
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 each
Identification code
GB00BGXQNP29
b) Nature of the transaction Acquisition of shares pursuant to the exercise of options under the Company's
DBSS and LTIP and sale of all shares
c) Price(s) and volume(s)
Item Price(s) in pence Volume(s)
Exercise of LTIP options Nil 54,310
Exercise of DBSS options Nil 7,114
Sale of Shares - LTIP 574.888 54,310
Sale of Shares - DBSS 574.888 7,114
d) Aggregated information
- Aggregated volume 61,424
- Price 574.888
e) Date of the transaction 21 March 2025
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
61,424
574.888
e)
Date of the transaction
21 March 2025
f)
Place of the transaction
London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities
a) Name Sara Thompson
2 Reason for the notification
a) Position/status Chief People 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 each
Identification code
GB00BGXQNP29
b) Nature of the transaction Acquisition of shares pursuant to the exercise of options for the DBSS Award
and sale of shares to cover tax liabilities
c) Price(s) and volume(s)
Item Price(s) Volume(s)
Exercise of DBSS Options Nil 24,643
Sale of Shares - DBSS 577.000 11,676
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 21 March 2025
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 March 2025
f)
Place of the transaction
London Stock Exchange (XLON)
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