24 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 21 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 an LTIP Buy Out award granted on 17 August 2021 ("2021 LTIP Buy Out") LTIP's granted on 17 August 2021 ("2021 LTIP") and 18 March 2022 ("2022 LTIP") respectively, and the DBSS granted on 18 March 2022.
LTIP
Vesting of options under the 2021 and 2022 LTIP were subject to criteria relating to the Company performance over a three-year period to 31 December 2023 ("2021 LTIP") and 31 December 2024 ("2022 LTIP"). The number of options acquired includes dividend equivalent shares awarded at vest
| Name | Title | Award | Number of options exercised | Number of ordinary shares sold | Sale price per share (in pence) |
| Colin Williams | Chief Executive Officer, Pensions and Savings
| 2021 LTIP | 42,087 | 42,087 | 575.249 |
| Colin Williams | Chief Executive Officer, Pensions and Savings
| 2021 LTIP Buy Out | 80,532 | 80,532 | 575.249 |
| Colin Williams | Chief Executive Officer, Pensions and Savings
| 2022 LTIP | 56,699 | 56,699 | 575.249 |
| Tom Ground | Chief Executive Officer, Retirement Solutions | 2022 LTIP | 54,310 | 54,310 | 574.888 |
Income Tax and Employee National Insurance liabilities were paid on exercise through the sale of shares. All shares were sold.
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 relate to the dividend equivalent shares awarded at vest.
| Name | Title | Number of options exercised | Number of ordinary shares sold | Sale price per share (in pence) |
| Tom Ground | Chief Executive Officer, Retirement Solutions | 7,114 | 7,114 | 574.888 |
| Colin Williams | Chief Executive Officer, Pensions and Savings
| 18,675 | 18,675 | 575.249 |
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) |
| Sara Thompson | Chief People Officer | 24,643 | 11,676 | 12,967 | 577.000 |
Notification and public disclosure of transactions by persons 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
| Colin Williams | |||||||||||||||||||||||||||
| 2
| Reason for the notification
| ||||||||||||||||||||||||||||
| a)
| Position/status
| Chief Executive Officer, Pensions and Savings | |||||||||||||||||||||||||||
| 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 an LTIP Buy Out Award, under the Company's LTIP and DBSS and sale of all shares | |||||||||||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
197,993
575.249
| |||||||||||||||||||||||||||
| e)
| Date of the transaction | 21 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 LTIP and sale of all shares | |||||||||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
61,424
574.888
| |||||||||||||||
| e)
| Date of the transaction | 21 March 2025 | |||||||||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Sara Thompson | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Chief People 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 DBSS Award 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 | 21 March 2025 | |||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||
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