REG - XPS Pensions Group - Director/PDMR Shareholding

XPS PensionsAnnouncement

08/07/2024 13:30

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RNS Number : 5420V  XPS Pensions Group PLC  08 July 2024

8 July 2024

XPS Pensions Group plc

(the "Company")

 

TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

XPS announces that, on 3 July 2024, Paul Cuff (Co-Chief Executive Officer),
Ben Bramhall (Co-Chief Executive Officer), Snehal Shah (Chief Financial
Officer), and Ben Gold (Head of Investment), all persons discharging
managerial responsibilities ("PDMRs"), exercised nominal-cost options granted
on 1 July 2021 under the Company's Performance Share Plan ("PSP") to acquire
ordinary shares of 0.05 pence each in the Company ("Ordinary Shares").

 

Following exercise, Paul Cuff, Ben Bramhall and Snehal Shah sold Ordinary
Shares to pay the related income tax and National Insurance contributions
arising upon the acquisition of Ordinary Shares. Ben Gold sold all Ordinary
Shares that he received upon exercise.

 

XPS also announces that, on 5 July 2024, Paul Cuff transferred 90,084 Ordinary
Shares from a nominee account to a personal account, and subsequently sold
258,534 Ordinary Shares at a price of £3.15 per Ordinary Share. Additionally
on 5 July 2024, Ben Bramhall sold 509,380 Ordinary Shares at a price of £3.15
per Ordinary Share.

 

Both Co-Chief Executive Officers continue to maintain material holdings in the
Company. Paul Cuff retains 427,852 Ordinary Shares and Ben Bramhall retains
492,246 Ordinary Shares, equal to 375% and 431% of salary respectively. Both
Co-Chief Executive Officers also continue to hold 903,805 unvested options, as
a result of in-flight awards granted under the Company's PSP.

 

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                   Acquisition of Ordinary Shares following the exercise of nominal-cost options
                                                 granted under the XPS Pensions Group plc Performance Share Plan on 1 July
                                                 2021.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           0.05p     341,217 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the 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/                        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                   Disposal of Ordinary Shares to satisfy income tax and National Insurance
                                                 contributions liability relating to option exercise.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           318p      160,965 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    London Stock Exchange (XLON)

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the 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/                        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                   Acquisition of Ordinary Shares following the exercise of nominal-cost options
                                                 granted under the XPS Pensions Group plc Performance Share Plan on 1 July
                                                 2021.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           0.05p     341,217 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 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                   Disposal of Ordinary Shares to satisfy income tax and National Insurance
                                                 contributions liability relating to option exercise.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           318p      143,847 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    London Stock Exchange (XLON)

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the 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/                        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                   Acquisition of Ordinary Shares following the exercise of nominal-cost options
                                                 granted under the XPS Pensions Group plc Performance Share Plan on 1 July
                                                 2021.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           0.05p     240,181 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 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                   Disposal of Ordinary Shares to satisfy income tax and National Insurance
                                                 contributions liability relating to option exercise.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           318p      113,302 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    London Stock Exchange (XLON)

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 1.  Details of PDMR/person closely associated with them ('PCA')
 a)  Name                                         Ben Gold
 b)  Position/status                              Head of Investment / 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                   Acquisition of Ordinary Shares following the exercise of nominal-cost options
                                                 granted under the XPS Pensions Group plc Performance Share Plan on 1 July
                                                 2021.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           0.05p     31,721 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the transaction

 

n/a

 

 

 

 1.  Details of PDMR/person closely associated with them ('PCA')
 a)  Name                                         Ben Gold
 b)  Position/status                              Head of Investment / 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                   Disposal of Ordinary Shares received as a result of option exercise.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           318p      31,721 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     03 July 2024
 f)  Place of the transaction                    London Stock Exchange (XLON)

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the 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/                        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                   Transfer of shares from a nominee account to a personal account. The
                                                 beneficial ownership of the shares remained the same.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           0.05p     90,084 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     05 July 2024
 f)  Place of the transaction                    n/a

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

05 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                   Sale of Ordinary Shares.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           315p      258,534 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     5 July 2024
 f)  Place of the transaction                    London Stock Exchange (XLON)

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

5 July 2024

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 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                   Sale of Ordinary Shares.
 c)  Price(s) and                                Price(s)  Volume(s)

                                           315p      509,380 Ordinary Shares
     volume(s)

 

 d)  Aggregated information                      n/a (single transaction)

     Aggregated volume

     Price
 e)  Date of the transaction                     05 July 2024
 f)  Place of the transaction                    London Stock Exchange (XLON)

 

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

05 July 2024

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

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