26 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 25 March 2025, the following Person Discharging Managerial Responsibilities "PDMRs" exercised their nil-cost options over ordinary shares of 10 pence each in the Company under a LTIP Buy Out award granted on 14 August 2020 ("2020 LTIP Buy Out"), a LTIP Joining award granted on 14 August 2020 ("2020 LTIP Joining") and the DBSS granted on 18 March 2022.
LTIP
Vesting of options under the 2020 LTIP Buy Out were subject to criteria relating to the Company performance over a three-year period to 31 December 2022. The number of options acquired includes dividend equivalent shares awarded at vest.
| Name | Title | Plan | 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) |
| Michael Eakins | Group Chief Investment Officer | 2020 LTIP Joining | 54,089 | 25,626 | 28,463 | 575.237 |
| Michael Eakins | Group Chief Investment Officer | 2020 LTIP Buy Out | 52,229 | 24,745 | 27,484 | 575.237 |
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 to cover Tax and Employee NI | Number of shares held | Sale price per share (in pence) |
| Michael Eakins | Group Chief Investment Officer | 73,001 | 34,586 | 38,415 | 575.237 |
Notification and public disclosure of transactions by a person discharging managerial responsibilities
The Notification of Dealing Forms for the 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
| Michael Eakins | |||||||||||||||||||||
| 2
| Reason for the notification
| ||||||||||||||||||||||
| a)
| Position/status
| Group Chief Investment 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 Buy Out, LTIP Joining and DBSS Award and sale of shares to cover tax liabilities | |||||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
84,957
575.237
| |||||||||||||||||||||
| e)
| Date of the transaction | 25 March 2025 | |||||||||||||||||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||||||||||||||||||||
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