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15 Mar 2023 17:30
Phoenix Group Holdings plc (the "Company")
Exercise of nil-cost options under the Phoenix Group Holdings plc Deferred Bonus Share Scheme (the "DBSS")
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The Company announces that on 14 March 2023, the following Persons Discharging Managerial Responsibilities "PDMRs" exercised their nil-cost options over ordinary shares of ÂŁ0.10 each in the Company under the DBSS granted on 13 March 2020.Â
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DBSS
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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 6 months with effect from 13 March 2023.
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Name | Title | Number of ordinary shares acquired of ÂŁ0.10 each on exercise of options |
Jonathan Pears | Chief Risk Officer | 10,778 |
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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 14 March 2023 at a price of ÂŁ5.796981 per share:
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Name | Title | Number of ordinary shares of ÂŁ0.10 each sold for tax/NIC purposes |
Jonathan Pears | Chief Risk Officer | 5,215 |
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Notification and public disclosure of transactions by persons discharging managerial
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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).Â
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1  | Details of the person discharging managerial responsibilities / person closely associated  | ||||||||||
a)  | Name  | Jonathan Pears | |||||||||
2  | Reason for the notification  | ||||||||||
a)  | Position/status  | Chief Risk Officer | |||||||||
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) Â | LEI Â | 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 £0.10   GB00BGXQNP29 | |||||||||
b)  | Nature of the transaction  | Exercise of options under the Company's DBSS and sale of shares to cover tax and NI. | |||||||||
c) Â | Price(s) and volume(s) Â Â | Â
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d)  | Aggregated information  - Aggregated volume  - Price |    | |||||||||
e) Â | Date of the transaction | 14 March 2023 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
Enquiries:
Media Douglas Campbell Teneo +44 (0)7753 136628 Shellie Wells, Corporate Communications Director, Phoenix Group +44 (0) 204 559 3031Â | Investors Claire Hawkins, Corporate Affairs Director, Phoenix Group+44 (0) 204 559 3161Â Andrew Downey, Investor Relations Director, Phoenix Group +44 (0) 204 559 3145Â |
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