19 March 2025
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 18 March 2025, 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's granted on 11 March 2019 (2019 LTIP) and 13 March 2020 (2020 LTIP) respectively and the DBSS granted on 18 March 2022.
LTIP
Vesting of these options was subject to criteria relating to the Company performance over a three-year period to 31 December 2021 (2019 LTIP) and 31 December 2022 (2020 LTIP) and the options were then subject to a two-year holding period. The number of options acquired includes dividend equivalent shares.
| Name | Title | Award | Number of options exercised | Number of ordinary shares sold | Sale price per share (in pence) |
| Quentin Zentner | General Counsel | 2019 LTIP | 3,712 | 3,712 | 579.633 |
| Quentin Zentner | General Counsel | 2020 LTIP | 39,915 | 39,915 | 579.633 |
Income Tax and Employee National Insurance liabilities were paid on exercise through the sale of shares. All shares were sold.
| Name | Title | Award | Number of options exercised | Number of ordinary shares sold to cover Tax and Employee NI
| Number of ordinary shares held | Sale price per share (in pence) |
| Andrew Briggs | Group Chief Executive Officer | 2020 LTIP | 225,183 | 106,686 | 118,497 | 581.750 |
DBSS
Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the financial year ended 31 December 2021. The number of options acquired include dividend equivalent shares.
| Name | Title | Number of options exercised | Number of ordinary shares sold | Sale price per share (in pence) |
| Quentin Zentner | General Counsel | 25,060 | 25,060 | 579.633 |
| Tom Ground | Chief Executive Officer, Retirement Solutions | 24,755 | 24,755 | 581.263 |
Income Tax and Employee National Insurance liabilities were paid on exercise through the sale of shares. All the shares were sold.
| Name | Title | Number of options exercised | Number of ordinary shares sold to cover Tax and Employee NI | Number of shares held | Sale price per share (in pence) |
| Andrew Briggs | Group Chief Executive Officer | 94,770 | 44,900 | 49,870 | 581.019 |
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 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
| ||||||||||||||||||||||
| 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 of shares pursuant to the exercise of options under the Company's DBSS and LTIP and sale of all shares | |||||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
68,687
579.633
| |||||||||||||||||||||
| e)
| Date of the transaction | 18 March 2025 | |||||||||||||||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||||||||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||||||||
| a)
| Name
| Andrew 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 each
GB00BGXQNP29 | |||||||||||||||
| b)
| Nature of the transaction
| Acquisition of shares pursuant to the exercise of options for the LTIP and DBSS Award and sale of shares to cover tax liabilities | |||||||||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
151,586
581.533
| |||||||||||||||
| e)
| Date of the transaction | 18 March 2025 | |||||||||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Tom Ground | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Chief Executive Officer, Retirement Solutions | |||||||||
| 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 of shares pursuant to the exercise of options under the Company's DBSS and sale of all shares | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
N/A - single transaction | |||||||||
| e)
| Date of the transaction | 18 March 2025 | |||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||
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