27 September 2022
XPS Pensions Group plc
(the "Company")
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
XPS announces that, on 23 September 2022, David Watkins (Head of Administration) and Ben Gold (Head of Investment), and on 26 September 2022, Patrick McCoy (Head of Advisory), all persons discharging managerial responsibilities ("PDMRs"), exercised nominal-cost options granted on 4 July 2019 under the Company's Performance Share Plan ("PSP") to acquire ordinary shares of 0.05 pence each in the Company ("Shares").
Following exercise, all PDMRs either sold Shares to pay the related income tax and National Insurance contributions arising upon the acquisition of Shares or sold all of the Shares acquired.
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 | David Watkins | ||||
| b) | Position/status | Head of Administration / 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 4 July 2019. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| f) | Place of the transaction
| n/a
| ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | David Watkins | ||||
| b) | Position/status | Head of Administration / 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 acquired through option exercise. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | David Watkins | ||||
| b) | Position/status | Head of Administration / 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 4 July 2019. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| f) | Place of the transaction
| n/a
| ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | David Watkins | ||||
| b) | Position/status | Head of Administration / 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) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| 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 4 July 2019. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| 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 to satisfy income tax and National Insurance contributions liability relating to option exercise. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| 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 4 July 2019. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| 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 to satisfy income tax and National Insurance contributions liability relating to option exercise. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 23 September 2022 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Patrick McCoy | ||||
| b) | Position/status | Head of Advisory / 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 4 July 2019. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 26 September 2022 | ||||
| f) | Place of the transaction
| n/a
| ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Patrick McCoy | ||||
| b) | Position/status | Head of Advisory / 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) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 26 September 2022 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Patrick McCoy | ||||
| b) | Position/status | Head of Advisory / 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 4 July 2019. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 26 September 2022 | ||||
| f) | Place of the transaction
| n/a
| ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Patrick McCoy | ||||
| b) | Position/status | Head of Advisory / 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) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 26 September 2022 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
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