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XPS PENSIONS GROUP PLC Director's Dealing 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 5420V
XPS Pensions Group PLC
08 July 2024
8 July 2024
XPS Pensions Group plc
(the "Company")
TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
XPS announces that, on 3 July 2024, Paul Cuff (Co-Chief Executive Officer), Ben Bramhall (Co-Chief Executive Officer), Snehal Shah (Chief Financial Officer), and Ben Gold (Head of Investment), all persons discharging managerial responsibilities ("PDMRs"), exercised nominal-cost options granted on 1 July 2021 under the Company's Performance Share Plan ("PSP") to acquire ordinary shares of 0.05 pence each in the Company ("Ordinary Shares").
Following exercise, Paul Cuff, Ben Bramhall and Snehal Shah sold Ordinary Shares to pay the related income tax and National Insurance contributions arising upon the acquisition of Ordinary Shares. Ben Gold sold all Ordinary Shares that he received upon exercise.
XPS also announces that, on 5 July 2024, Paul Cuff transferred 90,084 Ordinary Shares from a nominee account to a personal account, and subsequently sold 258,534 Ordinary Shares at a price of £3.15 per Ordinary Share. Additionally on 5 July 2024, Ben Bramhall sold 509,380 Ordinary Shares at a price of £3.15 per Ordinary Share.
Both Co-Chief Executive Officers continue to maintain material holdings in the Company. Paul Cuff retains 427,852 Ordinary Shares and Ben Bramhall retains 492,246 Ordinary Shares, equal to 375% and 431% of salary respectively. Both Co-Chief Executive Officers also continue to hold 903,805 unvested options, as a result of in-flight awards granted under the Company's PSP.
Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation.
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Benjamin Bramhall
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 0.05p | 341,217 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
n/a
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Benjamin Bramhall
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 318p | 160,965 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Paul Cuff
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 0.05p | 341,217 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
n/a
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Paul Cuff
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 318p | 143,847 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Snehal Shah
b)
Position/status
Chief Financial Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 0.05p | 240,181 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
n/a
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Snehal Shah
b)
Position/status
Chief Financial Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 318p | 113,302 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Ben Gold
b)
Position/status
Head of Investment / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 0.05p | 31,721 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
n/a
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Ben Gold
b)
Position/status
Head of Investment / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Disposal of Ordinary Shares received as a result of option exercise.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 318p | 31,721 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
03 July 2024
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Paul Cuff
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Transfer of shares from a nominee account to a personal account. The beneficial ownership of the shares remained the same.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 0.05p | 90,084 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
05 July 2024
f)
Place of the transaction
n/a
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Paul Cuff
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Sale of Ordinary Shares.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 315p | 258,534 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
5 July 2024
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Benjamin Bramhall
b)
Position/status
Co-Chief Executive Officer / PDMR
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
XPS Pensions Group plc
b)
LEI
2138004Y8OBPJEAACJ11
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 0.05 pence each ("Ordinary Shares")
ISIN: GB00BDDN1T20
b)
Nature of the transaction
Sale of Ordinary Shares.
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 315p | 509,380 Ordinary Shares |
d)
Aggregated information
Aggregated volume
Price
n/a (single transaction)
e)
Date of the transaction
05 July 2024
f)
Place of the transaction
London Stock Exchange (XLON)
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