Director/PDMR Shareholding

Phoenix Group Holdings PLC
10 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 9 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 granted on 21 March 2018 and 11 March 2019 and the DBSS granted on 12 March 2021.

 

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 31 December 2021 and the options were then subject to a two-year holding period following the end of the performance period. The number of options acquired includes the dividend equivalent shares where the whole award has been exercised.

 

 

Name

Title

Award

Number of options exercised

Number of ordinary shares sold

Sale price in pence

Quentin Zentner

General Counsel

LTIP 2018

73,636

73,636

557.997

Quentin Zentner

General Counsel

LTIP 2019

57,471 (part exercised)

57,471

557.997

 

Income Tax and Employee National Insurance liabilities were paid on exercise through the sale of shares. All shares were sold.

 

DBSS

 

Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the 2020 financial year. The number of options acquired relate to the dividend equivalent shares allocated at vest.

 

 

Name

Title

Number of options exercised

Number of ordinary shares sold

Sale price in pence

Quentin Zentner

General Counsel

3,712

3,712

557.997

 

Income Tax and Employee National Insurance liabilities were paid on exercise through the sale of shares. All the shares were sold.

 

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 of shares pursuant to the exercise of options under the Company's DBSS/LTIP and sale of all shares

c)

 

Price(s) and volume(s)

 

 

 

Item

Price(s) in pence

Volume(s)

Sale of Shares - LTIP 2018

557.997

73,636

Sale of Shares - LTIP 2019

557.997

57,471

Sale of Shares dividend equivalents - DBSS

557.997

3712

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

134,819

 

557.997

 

e)

 

Date of the transaction

9 April 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

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END
 
 
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