XPS PENSIONS GROUP PLC — Director's Dealing 2018

Jul 30, 2018

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RNS Number : 1945W

XPS Pensions Group PLC

30 July 2018

XPS Pensions Group plc                                                                                   

(the 'Company') 

Notification of transactions by persons discharging managerial responsibilities

The following notification is made in accordance with Article 19 of the Market Abuse Regulation. The Company hereby notifies the following changes in the interests of certain Directors, being persons discharging managerial responsibilities ('PDMRs'), in the ordinary shares of £0.0005 each in the Company on 26 July 2018.    

XPS Pensions Group plc Performance Share Plan ('PSP')

PSP awards were granted to the Executive Directors on 26 July 2018, as set out in the table below. The value of the awards was calculated by reference to the price of an ordinary share on 25 July 2018, being 179 pence. The awards were made in the form of nominal-cost options which will become exercisable on the third anniversary of the date of grant, subject to the satisfaction of performance targets. The options would then be exercisable until the tenth anniversary of the date of grant, unless the exercise period is shortened in accordance with the PSP rules.  

Details of the performance targets applicable to the PSP awards will be included in the Directors' Remuneration Report contained in the Company's Annual Report and Accounts for the year to 31 March 2019 to be published in July 2019.       

Recipient of PSP award (PDMR)	Value of PSP award on the date of grant 26 July 2018	Number of ordinary shares subject to PSP award
Ben Bramhall	£432,000	241,340
Paul Cuff	£432,000	241,340
Mike Ainslie	£315,000	175,977
Jonathan Bernstein	£315,000	175,977
John Batting	£150,000	83,798

Enquiries:                                                                                                                                             

Martin Smith, Prism Cosec 

+44 (0) 7775 836518

Company Secretary

XPS Pensions Group plc

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