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Last checked at 
3 Jul 2020 12:56
3 July 2020
XPS Pensions Group plc(the "Company")
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
XPS announces that, on 1 July 2020, Jonathan Bernstein, Chief Operating Officer, Patrick McCoy, Head of Advisory and David Watkins, Managing Director of Administration, persons discharging managerial responsibilities ("PDMRs") were granted awards under the Company's Performance Share Plan ("PSP") as set out below.
The value of the awards was calculated by reference to the price of an ordinary share on 30 June 2020 being £1.15. The awards were made in the form of nominal-cost options which will generally become exercisable on the third anniversary of the date of grant. The options would then be exercisable until the tenth anniversary of the date of grant, unless the exercise period is shortened in accordance with the PSP rules.
Further details are set out in the below notification, made in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Jonathan Bernstein | ||||
b) | Position/status | Chief Operating 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
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b) | Nature of the transaction | Grant of award under the XPS Pensions Group plc Performance Share Plan, of Ordinary Share options which will vest on 30 June 2023.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
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e) | Date of the transaction | 1 July 2020 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON)
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1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Patrick McCoy | ||||
b) | Position/status | Head of Advisory / 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 | Grant of award under the XPS Pensions Group plc Performance Share Plan, of Ordinary Share options which will vest on 30 June 2023. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
e) | Date of the transaction | 1 July 2020 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON)
| ||||
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | David Watkins | ||||
b) | Position/status | Managing Director of Administration / 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 | Grant of award under the XPS Pensions Group plc Performance Share Plan, of Ordinary Share options which will vest on 30 June 2023. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
Aggregated volume Price | n/a (single transaction)
| ||||
e) | Date of the transaction | 1 July 2020 | ||||
f) | Place of the transaction
| London Stock Exchange (XLON)
| ||||
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