Phoenix Group Holdings plc (the "Company")
Exercise of nil-cost options under the Phoenix Group Holdings plc the Deferred Bonus Share Scheme (the "DBSS")
The Company has today been informed that on 28 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 DBSS granted on 12 March 2021.
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 Curran | CEO Savings & Retirement - UK & Europe | 22,086 |
| Claire Hawkins | Corporate Affairs & Investor Relations Director | 13,402 |
In order to meet the Income Tax and Employee National Insurance liabilities arising on the exercise of the options, the below numbers of shares were sold on 28 March 2024:
| Name | Title | Number of ordinary shares of 10 pence each sold for Tax/NIC purposes | Sale price per share |
| Andy Curran | CEO Savings & Retirement - UK & Europe | 10,464 | 5.486 |
| Claire Hawkins | Corporate Affairs & Investor Relations Director | 6,350 | 5.469141 |
Notification and public disclosure of transactions by a person discharging managerial responsibilities and persons closely associated with them.
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 / person closely associated
| ||||||||||
| a)
| Name
| Andy Curran | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| CEO Savings & Retirement - UK & Europe | |||||||||
| 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
| Acquisition of shares pursuant to the exercise of options under the Company's DBSS and sale of shares to cover tax liabilities. | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
N/A - single transaction.
| |||||||||
| e)
| Date of the transaction | 28 March 2024 | |||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||||
| a)
| Name
| Claire Hawkins | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Corporate Affairs & Investor Relations Director | |||||||||
| 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
| Acquisition of shares pursuant to the exercise of options under the Company's DBSS and sale of shares to cover tax liabilities. | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
N/A - single transaction
| |||||||||
| e)
| Date of the transaction | 28 March 2024 | |||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||
| 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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