PHOENIX GROUP HOLDINGS PLC ("Company")
NOTIFICATION OF TRANSACTION OF DIRECTOR AND PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR")
Phoenix Group Holdings plc has been notified that Rakesh Thakrar, Group Chief Financial Officer and PDMR, purchased 3,566 ordinary shares of £0.10 each in the Company. Full details of the share purchase are set out below.
| Name | Number of shares purchased | Purchase price per ordinary share | Date of purchase |
| Rakesh Thakrar | 3,566 | 558 pence | 27 March 2023 |
In addition, he exercised his nil-cost options over ordinary shares of £0.10 each in the Company under the DBSS on 27 March 2023.
DBSS
Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the 2019 financial year to 31 December 2022. The options become exercisable for up to six- months with effect from 13 March 2023.
| Name | Title | Number of ordinary shares acquired of £0.10 each on exercise of options |
| Rakesh Thakrar | Group Chief Financial Officer | 18,738 |
In order to meet the Income Tax and National Insurance liabilities arising on the exercise of the options, the following numbers of shares were sold on 27 March 2023 at a price of 547 pence per share:
| Name | Title | Number of ordinary shares of £0.10 each sold for tax/NIC purposes |
| Rakesh Thakrar | Group Chief Financial Officer | 8,878 |
The Notification of Dealing Form can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018).
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Rakesh Thakrar | ||||||
| 2 | Reason for notification | | ||||||
| a. | Position/Status | Group Chief Financial Officer/PDMR | ||||||
| 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 | ordinary shares of 10 pence each GB00BGXQNP29 | ||||||
| b. | Nature of the transaction | a) Purchase of ordinary shares b) Exercise of the Company's DBSS Award c) DBSS Award - amount sold to cover tax and NI | ||||||
| c. | Price(s) and volume(s) |
| ||||||
| d. | Aggregated information - Aggregated Volume - Price |
N/A | ||||||
| e. | Date of the transaction | 27 March 2023 | ||||||
| f. | Place of the transaction | London Stock Exchange | ||||||
Enquiries:
| Media Teneo +44 (0)7753 136628 Shellie Wells, Corporate Communications Director, Phoenix Group +44 (0) 204 559 3031 | Investors Andrew Downey, Investor Relations Director, Phoenix Group +44 (0) 204 559 3145 |
NOTE: Please email any major shareholding notifications under DTR 5.1.2 R to the Group Company Secretary (kulbinder.dosanjh@thephoenixgroup.com) copying in andrew.downey@thephoenixgroup.com and vickie.reuben@thephoenixgroup.com
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