Phoenix Group Holdings PLC

Director's Dealing • Mar 27, 2024

National Storage Mechanism | Additional information

RNS Number : 5667I

Phoenix Group Holdings PLC

27 March 2024

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 has today been informed that on 26 March 2024, 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 and DBSS granted on 11 March 2019 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 2021 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 seven-years with effect from 11 March 2024.

Name	Title	Number of ordinary shares acquired of 10 pence each on exercise of options
Jonathan Pears	Group Chief Risk Officer	34,512

In order to meet the Income Tax and National Insurance liabilities arising on the exercise of the options, the below number of shares were sold on 26 March 2024:

Name	Title	Number of ordinary shares of 10 pence each sold for Tax/NIC purposes	Sale price per share
Jonathan Pears	Group Chief Risk Officer	16,351	5.289797

DBSS

Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the 2021 financial year to 31 December 2022.  The options become exercisable for up to six-months with effect from 12 March 2024. 

Name	Title	Number of ordinary shares acquired of 10 pence each on exercise of options
Andy Briggs	Group Chief Executive Officer	84,510
Jonathan Pears	Group Chief Risk Officer	13,863

In order to meet the Income Tax and National Insurance liabilities arising on the exercise of the options, the below numbers of shares were sold on 26 March 2024:

Name	Title	Number of ordinary shares of 10 pence each sold for Tax/NIC purposes	Sale price per share
Andy Briggs	Group Chief Executive Officer	40,039	5.260072
Jonathan Pears	Group Chief Risk Officer	6,568	5.289797

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 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

Andy 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

GB00BGXQNP29

b)

Nature of the transaction

Exercise of options under the Company's DBSS

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
Exercise of DBSS Options	nil	84,510
Sale of Shares	5.260072	40,039

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

26 March 2024

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Pears

2

Reason for the notification

a)

Position/status

Group Chief Risk 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

GB00BGXQNP29

b)

Nature of the transaction

Exercise of options under the Company's LTIP and DBSS.

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
Exercise of LTIP Options	nil	34,512
Exercise of DBSS Options	nil	13,863
Sale of Shares for LTIP	5.289797	16,351
Sale of Shares for DBSS	5.289797	6,568

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

26 March 2024

f)

Place of the transaction

London Stock Exchange

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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