Phoenix Group Holdings PLC

Transaction in Own Shares • Apr 5, 2024

National Storage Mechanism | Additional information

RNS Number : 5612J

Phoenix Group Holdings PLC

05 April 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 was today informed that on 4 April 2024, the following Person Discharging Managerial Responsibilities "PDMR" exercised their nil-cost options over ordinary shares of 10 pence each in the Company under the LTIP and DBSS granted on 21 March 2018 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 2020 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 five-years with effect from 21 March 2023.  

Name	Title	Number of options part-exercised	Number of shares sold	Sale price in pence
Quentin Zentner	General Counsel	3,712	3,712	551.5933

Income Tax and Employee National Insurance liabilities were paid on exercise.

DBSS

Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the 2020 financial year to 31 December 2023.  The options become exercisable for up to six-months with effect from 12 March 2024. 

Name	Title	Number of options exercised	Number of shares sold	Sale price in pence
Quentin Zentner	General Counsel	14,490	14,490	551.5933

Income Tax and Employee National Insurance liabilities were paid on exercise.

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

Quentin Zentner

2

Reason for the notification

a)

Position/status

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 10 pence each

GB00BGXQNP29

b)

Nature of the transaction

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

c)

Price(s) and volume(s)

Item	Price in pence	Volume(s)
Sale of Shares - LTIP	551.5933	3,712
Sale of Shares - DBSS	551.5933	14,490

d)

Aggregated information

- Aggregated volume

- Price

18,202

551.5933

e)

Date of the transaction

4 April 2024

f)

Place of the transaction

London Stock Exchange (XLON)

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