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
Identification code
|
Phoenix Group Holdings plc ordinary shares of 10 pence
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| Exercise of options under the Company's DBSS | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| 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
Identification code
|
Phoenix Group Holdings plc ordinary shares of 10 pence
GB00BGXQNP29 | |||||||||||||||
| b)
| Nature of the transaction
| Exercise of options under the Company's LTIP and DBSS. | |||||||||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||||||||
| 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 Teneo +44 (0)7753 136628 Shellie Wells, Corporate Communications Director, Phoenix Group +44 (0) 204 559 3031 | Investors Andrew Downey, Investor Relations Director, Phoenix Group +44 (0) 204 559 3145 |
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