Director/PDMR Shareholding

XPS Pensions

14/07/2025 14:47

RNS Number : 9832Q

XPS Pensions Group PLC

14 July 2025

 

14 July 2025

XPS Pensions Group plc

(the "Company")

 

TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

XPS announces that, on 10 July 2025, Paul Cuff (Co-Chief Executive Officer), Ben Bramhall (Co-Chief Executive Officer), and Snehal Shah (Chief Financial Officer), all persons discharging managerial responsibilities ("PDMRs"), exercised nominal-cost options granted on 1 July 2022 under the Company's Performance Share Plan ("PSP") to acquire ordinary shares of 0.05 pence each in the Company ("Ordinary Shares").

 

Following exercise, the Directors sold Ordinary Shares to pay the related income tax and National Insurance contributions arising upon the acquisition of Ordinary Shares.

 

Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation. 

 

 

1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Benjamin Bramhall
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Descriptionofthe financialinstrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN:GB00BDDN1T20
b)
Natureofthe transaction
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2022.
c)
Price(s)and
volume(s)
Price(s)
Volume(s)
0.05p
383,948 Ordinary Shares
d)
Aggregatedinformation
Aggregatedvolume
Price
n/a (single transaction)
e)
Date ofthe transaction
10 July 2025
f)
Placeofthe transaction
n/a

 

 

1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Benjamin Bramhall
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Descriptionofthe financialinstrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN:GB00BDDN1T20
b)
Natureofthe transaction
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.
c)
Price(s)and
volume(s)
Price(s)
Volume(s)
380p
181,117 Ordinary Shares
d)
Aggregatedinformation
Aggregatedvolume
Price
n/a (single transaction)
e)
Date ofthe transaction
10 July 2025
f)
Placeofthe transaction
London Stock Exchange (XLON)

 

1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Paul Cuff
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Descriptionofthe financialinstrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN:GB00BDDN1T20
b)
Natureofthe transaction
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2022.
c)
Price(s)and
volume(s)
Price(s)
Volume(s)
0.05p
383,948 Ordinary Shares
d)
Aggregatedinformation
Aggregatedvolume
Price
n/a (single transaction)
e)
Date ofthe transaction
10 July 2025
f)
Placeofthe transaction
n/a

 

 

1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Paul Cuff
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Descriptionofthe financialinstrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN:GB00BDDN1T20
b)
Natureofthe transaction
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.
c)
Price(s)and
volume(s)
Price(s)
Volume(s)
380p
181,117 Ordinary Shares
d)
Aggregatedinformation
Aggregatedvolume
Price
n/a (single transaction)
e)
Date ofthe transaction
10 July 2025
f)
Placeofthe transaction
London Stock Exchange (XLON)

 

 

1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Snehal Shah
b)
Position/status
Chief Financial Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Descriptionofthe financialinstrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN:GB00BDDN1T20
b)
Natureofthe transaction
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2022.
c)
Price(s)and
volume(s)
Price(s)
Volume(s)
0.05p
270,260 Ordinary Shares
d)
Aggregatedinformation
Aggregatedvolume
Price
n/a (single transaction)
e)
Date ofthe transaction
10 July 2025
f)
Placeofthe transaction
n/a

 

 

1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Snehal Shah
b)
Position/status
Chief Financial Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Descriptionofthe financialinstrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN:GB00BDDN1T20
b)
Natureofthe transaction
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.
c)
Price(s)and
volume(s)
Price(s)
Volume(s)
380p
127,488 Ordinary Shares
d)
Aggregatedinformation
Aggregatedvolume
Price
n/a (single transaction)
e)
Date ofthe transaction
10 July 2025
f)
Placeofthe transaction
London Stock Exchange (XLON)

 

 

 

-Ends-

For further information, contact:

 

XPS Pensions Group
Sarah Rixon
Group Company Secretary
+44 11 8918 5265
Canaccord Genuity (Joint Broker)
+44 (0)20 7523 8000
Adam James
George Grainger
Deutsche Bank (Joint Broker)
+44 (0)20 7260 1000
Stuart Skinner
Kevin Cruickshank
Media Enquiries:
Camarco
+44 (0)20 3757 4980; xps@camarco.co.uk
Gordon Poole
Rosie Driscoll
Phoebe Pugh


 

Notes to Editors:

 

XPS Group is a leading consulting and administration business focused on UK pension schemes and insurers. XPS combines expertise, insight and technology to address the needs of over 1,300 pension schemes and their sponsoring employers on an ongoing and project basis, also providing advice and administration to UK insurance companies. We undertake pensions administration for c. 1.2 million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 86 with assets over £1bn.

 

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