REG - XPS Pensions Group - Director/PDMR Shareholding

XPS PensionsAnnouncement

04/07/2024 09:00

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RNS Number : 0689V  XPS Pensions Group PLC  04 July 2024

4 July 2024

XPS Pensions Group plc

(the "Company")

 

TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

XPS announces that, on 1 July 2024, Ben Bramhall (Co-Chief Executive Officer),
Paul Cuff (Co-Chief Executive Officer) and Snehal Shah (Chief Financial
Officer), all Directors and persons discharging managerial responsibilities
("PDMRs"), were granted awards under the Company's Performance Share Plan
("PSP") as set out below.

The value of the awards was calculated by reference to the price of an
ordinary share on 28 June 2024, being £2.99. The awards were made in the form
of nominal-cost options which will generally become exercisable on the third
anniversary of the date of grant, subject to the satisfaction of the following
performance targets: (1) 70% of the awards are subject to an Earnings Per
Share (EPS) growth target whereby 25% vests for compounded annual growth (CAG)
of 5% and 100% vests for CAG of 10% (with vesting on a straight-line basis for
performance between 5% and 10% CAG and no vesting for performance below 5%
CAG); (2) 20% of the awards are subject to a relative Total Shareholder Return
(TSR) target whereby 25% vests for median ranking and 100% vests for upper
quartile ranking (with vesting on a straight-line basis for performance
between median and upper quartile ranking and no vesting for a ranking below
median), the TSR Comparator Group consists of the constituents of the FTSE
Small Cap Index (excluding investment trusts); and (3) 10% of the awards are
subject to a performance measure relating to reducing the Company's CO2
emissions (scope 1 and 2), whereby 25% vests for 20% reduction in emissions /
number of employees and 100% vests for 30% reduction in emissions / number of
employees (with vesting on a straight-line basis for reduction between 20% and
30% and no vesting for a reduction less than 20%).

Once vested, the options will be exercisable until the tenth anniversary of
the date of grant, unless the exercise period is shortened in accordance with
the PSP rules.

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/                       Initial notification

     amendment
 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)  Description of the financial instrument     Ordinary shares of 0.05 pence each ("Ordinary Shares")

                                                 ISIN: GB00BDDN1T20

 b)  Nature of the transaction                  Grant of nominal-cost options over Ordinary Shares under the XPS Pensions
                                                Group plc Performance Share Plan, which will vest on 1 July 2027, subject to
                                                the satisfaction of performance conditions.
 c)  Price(s) and                               Price(s)  Volume(s)

                                          0.05p     186,657 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                     n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                    1 July 2024
 f)  Place of the transaction                   n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

1 July 2024

f)

Place of the 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/                       Initial notification

     amendment
 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)  Description of the financial instrument     Ordinary shares of 0.05 pence each ("Ordinary Shares")

                                                 ISIN: GB00BDDN1T20

 b)  Nature of the transaction                  Grant of nominal-cost options over Ordinary Shares under the XPS Pensions
                                                Group plc Performance Share Plan, which will vest on 1 July 2027, subject to
                                                the satisfaction of performance conditions.
 c)  Price(s) and                               Price(s)  Volume(s)

                                          0.05p     186,657 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                     n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                    1 July 2024
 f)  Place of the transaction                   n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

1 July 2024

f)

Place of the 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/                       Initial notification

     amendment
 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)  Description of the financial instrument     Ordinary shares of 0.05 pence each ("Ordinary Shares")

                                                 ISIN: GB00BDDN1T20

 b)  Nature of the transaction                  Grant of nominal-cost options over Ordinary Shares under the XPS Pensions
                                                Group plc Performance Share Plan, which will vest on 1 July 2027, subject to
                                                the satisfaction of performance conditions.
 c)  Price(s) and                               Price(s)  Volume(s)

                                          0.05p     134,531 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                     n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                    1 July 2024
 f)  Place of the transaction                   n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

1 July 2024

f)

Place of the transaction

 

n/a

 

 

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