Phoenix Group Holdings PLC

Director's Dealing • Mar 23, 2023

National Storage Mechanism | Additional information

RNS Number : 0580U

Phoenix Group Holdings PLC

23 March 2023

Phoenix Group Holdings plc (the "Company")

Exercise of nil-cost options under the Phoenix Group Holdings plc Long Term Incentive Plan (the "LTIP") and Deferred Bonus Share Scheme (the "DBSS").

The Company announces that on 22 March 2023, the following Persons Discharging Managerial Responsibilities "PDMRs" exercised their nil-cost options over ordinary shares of £0.10 each in the Company under the LTIP and DBSS granted on 13 March 2020. 

LTIP

Vesting of these options was subject to criteria relating to the Company's performance over a three-year performance period to 31 December 2022. The options become exercisable for up to 7 years from 13 March 2023.

Name	Title	Number of ordinary shares acquired of £0.10 each on exercise of options
Claire Hawkins	Corporate Affairs & Investor Relations Director	8432

The income tax and national insurance liabilities arising on the exercise of the options were self-funded by Claire Hawkins.

DBSS

Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the 2019 financial year to 31 December 2022.  The options become exercisable for up to 6 months with effect from 13 March 2023.  

Name	Title	Number of ordinary shares acquired of £0.10 each on exercise of options
Claire Hawkins	Corporate Affairs & Investor Relations Director	8407

The income tax and national insurance liabilities arising on the exercise of the options were self-funded by Claire Hawkins.

Notification and public disclosure of transactions by persons discharging managerial

The Notification of Dealing Forms for each PDMR can be found below. This announcement is made in accordance with 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

Claire Hawkins

2

Reason for the notification

a)

Position/status

Corporate Affairs & Investor Relations Director/PDMR

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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

Exercise of options under the Company's DBSS & LTIP (self-funded tax payment)  

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
Exercise of LTIP Options	nil	8432
Exercise of DBSS Options	nil	8407

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

22 March 2023

f)

Place of the transaction

Outside a trading venue

Enquiries:

Media Douglas Campbell Teneo +44 (0)7753 136628 Shellie Wells, Corporate Communications Director, Phoenix Group +44 (0) 204 559 3031	Investors Claire Hawkins, Corporate Affairs Director, Phoenix Group +44 (0) 204 559 3161  Andrew Downey, Investor Relations Director, Phoenix Group +44 (0) 204 559 3145

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