Phoenix Group Holdings plc (the "Company")
Exercise of nil-cost options under the Phoenix Group Holdings plc Long Term Incentive Plan (the "LTIP")
The Company announces that on 31 March 2023 the following Person Discharging Managerial Responsibilities "PDMR" exercised the dividend element of their nil-cost options over ordinary shares of 10 pence each in the Company under the LTIP granted on 13 March 2020. The award element of the LTIP was exercised on 22 March 2023.
LTIP
Vesting of the original award was subject to criteria relating to the Company's performance over a three-year performance period to 31 December 2022. Claire Hawkins was granted this award when not a PDMR with no additional two-year holding period applied. The options became exercisable for up to seven-years with effect from 13 March 2023.
| Name | Title | Number of ordinary shares acquired of 10 pence each on exercise of options |
| Claire Hawkins | Corporate Affairs & Investor Relations Director | 1,919 |
The Income Tax and National Insurance liabilities arising at exercise has been self-funded by Claire Hawkins. The gross number of options have been exercised.
Notification and public disclosure of transaction by person discharging managerial responsibilities.
The Notification of Dealing Forms for each PDMR can be found below. This announcement is made in accordance with 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
| Claire Hawkins | ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| Corporate Affairs & Investor Relations Director/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
Identification code
|
Phoenix Group Holdings plc ordinary shares of 10 pence
GB00BGXQNP29 | ||||||
| b)
| Nature of the transaction
| Exercise of options under the Company's LTIP (self-funded tax payment) | ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
N/A | ||||||
| e)
| Date of the transaction | 31 March 2023 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
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