Phoenix Group Holdings PLC

Transaction in Own Shares • Mar 26, 2025

National Storage Mechanism | Additional information

RNS Number : 3605C

Phoenix Group Holdings PLC

26 March 2025

26 March 2025

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 25 March 2025, the following Person Discharging Managerial Responsibilities "PDMRs" exercised their nil-cost options over ordinary shares of 10 pence each in the Company under a LTIP Buy Out award granted on 14 August 2020 ("2020 LTIP Buy Out"), a LTIP Joining award granted on 14 August 2020 ("2020 LTIP Joining") and the DBSS granted on 18 March 2022.

LTIP

Vesting of options under the 2020 LTIP Buy Out were subject to criteria relating to the Company performance over a three-year period to 31 December 2022. The number of options acquired includes dividend equivalent shares awarded at vest.

Name	Title	Plan	Number of options exercised	Number of ordinary shares sold to cover Tax and Employee NI	Number of shares held	Sale price per share (in pence)
Michael Eakins	Group Chief Investment Officer	2020 LTIP Joining	54,089	25,626	28,463	575.237
Michael Eakins	Group Chief Investment Officer	2020 LTIP Buy Out	52,229	24,745	27,484	575.237

DBSS

Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the financial year ended 31 December 2021 . The number of options acquired relate to the dividend equivalent shares awarded at vest.

Name	Title	Number of options exercised	Number of ordinary shares sold to cover Tax and Employee NI	Number of shares held	Sale price per share (in pence)
Michael Eakins	Group Chief Investment Officer	73,001	34,586	38,415	575.237

Notification and public disclosure of transactions by a person discharging managerial responsibilities

The Notification of Dealing Forms for the 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

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 10 pence each

GB00BGXQNP29

b)

Nature of the transaction

Acquisition of shares pursuant to the exercise of options for the LTIP Buy Out, LTIP Joining and DBSS Award and sale of shares to cover tax liabilities

c)

Price(s) and volume(s)

Item	Price(s) in pence	Volume(s)
Exercise of LTIP Joining options	Nil	54,089
Exercise of LTIP Buy Out options	Nil	52,229
Exercise of DBSS options	Nil	73,001
Sale of Shares - LTIP Joining	575.237	25,626
Sale of Shares - LTIP Buy Out	575.237	25,745
Sale of Shares - DBSS	575.237	34,586

d)

Aggregated information

- Aggregated volume

- Price

84,957

575.237

e)

Date of the transaction

25 March 2025

f)

Place of the transaction

London Stock Exchange (XLON)

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