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Director/PDMR Shareholding

26th Mar 2025 15:46

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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END
 
 
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Phoenix Group Holdings
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