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 was today informed that on 4 April 2024, the following Person Discharging Managerial Responsibilities "PDMR" exercised their nil-cost options over ordinary shares of 10 pence each in the Company under the LTIP and DBSS granted on 21 March 2018 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 2020 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 five-years with effect from 21 March 2023.
| Name | Title | Number of options part-exercised | Number of shares sold | Sale price in pence |
| Quentin Zentner | General Counsel | 3,712 | 3,712 | 551.5933 |
Income Tax and Employee National Insurance liabilities were paid on exercise.
DBSS
Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the 2020 financial year to 31 December 2023. The options become exercisable for up to six-months with effect from 12 March 2024.
| Name | Title | Number of options exercised | Number of shares sold | Sale price in pence |
| Quentin Zentner | General Counsel | 14,490 | 14,490 | 551.5933 |
Income Tax and Employee National Insurance liabilities were paid on exercise.
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
| Quentin Zentner | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| General Counsel | |||||||||
| 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 each
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| Acquisition and sale of shares pursuant to the exercise of options under the Company's DBSS and LTIP.
| |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
18,202
551.5933
| |||||||||
| e)
| Date of the transaction | 4 April 2024 | |||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||
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