Director/PDMR Shareholding

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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