14 July 2023
XPS Pensions Group plc
(the "Company")
TRANSACTION BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
XPS announces that, on 14 July 2023 Paul Cuff, Co-Chief Executive Officer and person discharging managerial responsibilities (PDMR), transferred 768,450 shares of 0.05 pence each in the Company ("Ordinary Shares") to a nominee account. Paul Cuff, then sold 600,000 Ordinary Shares at a price of £1.86 per Ordinary Share, on 14 July 2023.
Additionally on 14 July 2023, Ben Bramhall, Co-Chief Executive Officer and person discharging managerial responsibilities ("PDMR"), sold 1,000,000 Ordinary Shares at a price of £1.86 per Ordinary Share.
Both Paul Cuff and Ben Bramhall have sold Ordinary Shares which they have held since the Company's listing on the London Stock Exchange in February 2017. Both Co-Chief Executive Officers continue to maintain material holdings in the Company. Paul Cuff retains 367,191 Ordinary Shares and Ben Bramhall retains 699,549 Ordinary Shares.
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 | Paul Cuff | ||||
| b) | Position/status | Co-Chief Executive Officer / 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 | Transfer of shares from Mr Cuff to a nominee account. The beneficial ownership of the shares remained the same. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction (settlement) | 14 July 2023 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON)
| ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Paul Cuff | ||||
| b) | Position/status | Co-Chief Executive Officer / 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 | Sale of Ordinary Shares. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction (settlement) | 14 July 2023 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON)
| ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Benjamin Bramhall | ||||
| b) | Position/status | Co-Chief Executive Officer / 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 | Sale of Ordinary Shares. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction (settlement) | 14 July 2023 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON)
| ||||
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