13 December 2023
XPS Pensions Group plc
(the "Company")
TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
XPS announces that, on 11 December 2023, Paul Cuff (Co-Chief Executive Officer) and Snehal Shah (Chief Financial Officer), and on 12 December 2023, Ben Bramhall (Co-Chief Executive Officer), all Directors and persons discharging managerial responsibilities ("PDMRs"), exercised nominal-cost options granted on 30 November 2020 under the Company's Performance Share Plan ("PSP") to acquire ordinary shares of 0.05 pence each in the Company ("Shares").
Following exercise, all Directors sold Shares to pay the related income tax and National Insurance contributions arising upon the acquisition of 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 | 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 | Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 30 November 2020. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 12 December 2023 | ||||
| f) | Place of the transaction
| n/a
| ||||
| 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 | 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 | 12 December 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 | Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 30 November 2020. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 11 December 2023 | ||||
| f) | Place of the transaction
| n/a
| ||||
| 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 | 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 | 11 December 2023 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON) | ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Snehal Shah | ||||
| b) | Position/status | Chief Financial Officer | ||||
| 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 30 November 2020. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
| e) | Date of the transaction | 11 December 2023 | ||||
| f) | Place of the transaction
| n/a
| ||||
| 1. | Details of PDMR/person closely associated with them ('PCA') | |||||
| a) | Name | Snehal Shah | ||||
| b) | Position/status | Chief Financial Officer | ||||
| 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 | 11 December 2023 | ||||
| f) | Place of the transaction
| London Stock Exchange (XLON)
| ||||
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