Phoenix Group Holdings PLC

Remuneration Information • Apr 1, 2025

National Storage Mechanism | Additional information

RNS Number : 1960D

Phoenix Group Holdings PLC

01 April 2025

1 April 2025

Phoenix Group Holdings plc (the "Company")

Grant of Awards under the Phoenix Group Holdings plc 2018 Deferred Bonus Share Scheme (the "DBSS") and the Phoenix Group Holdings plc 2018 Long Term Incentive Plan (the "LTIP")

The Company announces that on 1 April 2025, the following Persons Discharging Managerial Responsibilities "PDMRs" were granted awards over Ordinary Shares of £0.10 each in the Company under the 2018 DBSS and LTIP schemes. The number of shares was calculated using a market price of £5.7233, being the average market share price for the three days preceding the award date.

DBSS

Name	Position	Number of shares subject to award	Vesting Date	Date Exercisable
Andrew Briggs	Chief Executive Officer	115,603	1 April 2028	1 April 2028
Nicolaos Nicandrou	Group Chief Financial Officer	8,771	1 April 2028	1 April 2028
Arlene Cairns	Life CFO & Group Performance Director	11,970	1 April 2028	1 April 2028
Andrew Curran	Chief Executive Officer, Standard Life	58,676	1 April 2028	1 April 2028
Michael Eakins	Group Chief Investment Officer	85,980	1 April 2028	1 April 2028
Dean Galligan	Chief Capital Officer	14,277	1 April 2028	1 April 2028
Tom Ground	CEO - Retirement Solutions	53,261	1 April 2028	1 April 2028
Claire Hawkins	Director of Corporate Affairs & Brand	33,738	1 April 2028	1 April 2028
Brid Meaney	Group Chief Risk Officer	43,531	1 April 2028	1 April 2028
Jacqueline Noakes	Chief Operating Officer	45,175	1 April 2028	1 April 2028
Sara Thompson	Chief People Officer	31,877	1 April 2028	1 April 2028
Colin Williams	Chief Executive Officer, Pensions and Savings	46,160	1 April 2028	1 April 2028
Quentin Zentner	Group General Counsel	30,016	1 April 2028	1 April 2028

The above awards were granted as nil cost options in respect of the deferred bonus for the 2024 financial year.

LTIP

Name	Position	Performance Award Number of Shares	Vesting Date	Date Exercisable
Andrew Briggs	Chief Executive Officer	416,346	1 April 2028	1 April 2030
Nicolaos Nicandrou	Group Chief Financial Officer	350,759	1 April 2028	1 April 2030
Arlene Cairns	Life CFO & Group Performance Director	46,063	1 April 2028	1 April 2030
Andrew Curran	Chief Executive Officer, Standard Life	136,602	1 April 2028	1 April 2030
Michael Eakins	Group Chief Investment Officer	120,718	1 April 2028	1 April 2030
Dean Galligan	Chief Capital Officer	46,063	1 April 2028	1 April 2030
Tom Ground	CEO - Retirement Solutions	117,541	1 April 2028	1 April 2030
Claire Hawkins	Director of Corporate Affairs & Brand	60,359	1 April 2028	1 April 2030
Brid Meaney	Group Chief Risk Officer	104,834	1 April 2028	1 April 2030
Jacqueline Noakes	Chief Operating Officer	115,953	1 April 2028	1 April 2030
Sara Thompson	Chief People Officer	60,359	1 April 2028	1 April 2030
Colin Williams	Chief Executive Officer, Pensions and Savings	112,776	1 April 2028	1 April 2030
Quentin Zentner	Group General Counsel	58,770	1 April 2028	1 April 2030

The above awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three-year performance period to 31 December 2027. The awards will be subject to a two-year holding period from the vesting date.

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

a)

Name

Andrew 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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	115,603
b.	Nil	416,346

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Nicolaos Nicandrou

2

Reason for the notification

a)

Position/status

Group Chief Financial 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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	8,771
b.	Nil	350,759

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Arlene Cairns

2

Reason for the notification

a)

Position/status

Life CFO & Group Performance 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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	11,970
b.	Nil	46,063

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Andrew Curran

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Standard Life

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

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	58,676
b.	Nil	136,602

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	85,980
b.	Nil	120,718

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Dean Galligan

2

Reason for the notification

a)

Position/status

Chief Capital 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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	14,277
b.	Nil	46,063

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Tom Ground

2

Reason for the notification

a)

Position/status

CEO - 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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	53,261
b.	Nil	117,541

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Claire Hawkins

2

Reason for the notification

a)

Position/status

Director of Corporate Affairs & Brand

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

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	33,738
b.	Nil	60,359

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Brid Meaney

2

Reason for the notification

a)

Position/status

CRO Phoenix Group

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

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	43,531
b.	Nil	104,834

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Jacqueline Noakes

2

Reason for the notification

a)

Position/status

Group Chief Operating 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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	45,175
b.	Nil	115,953

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	31,877
b.	Nil	60,359

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Colin Williams

2

Reason for the notification

a)

Position/status

CEO - 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 £0.10

GB00BGXQNP29

b)

Nature of the transaction

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	46,160
b.	Nil	112,776

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities

a)

Name

Quentin Zentner

2

Reason for the notification

a)

Position/status

Group General Counsel

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

a.   Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme

b.   Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price(s)	Volume(s)
a.	Nil	30,016
b.	Nil	58,770

d)

Aggregated information

- Aggregated volume

- Price

Nil

e)

Date of the transaction

1 April 2025

f)

Place of the transaction

Outside a trading venue

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