Phoenix Group Holdings PLC

Director's Dealing • Apr 2, 2024

National Storage Mechanism | Additional information

RNS Number : 0345J

Phoenix Group Holdings PLC

02 April 2024

Phoenix Group Holdings plc (the "Company")

Exercise of nil-cost options under the Phoenix Group Holdings plc the Deferred Bonus Share Scheme (the "DBSS")

The Company has today been informed that on 28 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 DBSS granted on 12 March 2021.

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 Curran	CEO Savings & Retirement - UK & Europe	22,086
Claire Hawkins	Corporate Affairs & Investor Relations Director	13,402

In order to meet the Income Tax and Employee National Insurance liabilities arising on the exercise of the options, the below numbers of shares were sold on 28 March 2024:

Name	Title	Number of ordinary shares of 10 pence each sold for Tax/NIC purposes	Sale price per share
Andy Curran	CEO Savings & Retirement - UK & Europe	10,464	5.486
Claire Hawkins	Corporate Affairs & Investor Relations Director	6,350	5.469141

Notification and public disclosure of transactions by a person discharging managerial responsibilities and persons closely associated with them.

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 / person closely associated

a)

Name

Andy Curran

2

Reason for the notification

a)

Position/status

CEO Savings & Retirement - UK & Europe

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

Acquisition of shares pursuant to the exercise of options under the Company's DBSS and sale of shares to cover tax liabilities.

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
Exercise of DBSS Options	nil	22,086
Sale of Shares	5.486	10,464

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction.

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange (XLON)

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

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

Acquisition of shares pursuant to the exercise of options under the Company's DBSS and sale of shares to cover tax liabilities.

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
Exercise of DBSS Options	nil	13,402
Sale of Shares	5.469141	6,350

d)

Aggregated information

- Aggregated volume

- Price

N/A  - single transaction

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange (XLON)

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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