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PHNX Phoenix Group Holdings Plc

518.00
3.00 (0.58%)
Last Updated: 09:03:08
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Group Holdings Plc LSE:PHNX London Ordinary Share GB00BGXQNP29 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 0.58% 518.00 517.50 518.50 519.00 510.00 515.00 156,300 09:03:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 22.81B -116M -0.1159 -44.56 5.17B

Phoenix Group Holdings PLC Director/PDMR Shareholding

03/04/2024 1:02pm

RNS Regulatory News


RNS Number : 1901J
Phoenix Group Holdings PLC
03 April 2024
 

Phoenix Group Holdings plc (the "Company")

Exercise of nil-cost options under the Phoenix Group Holdings plc Long Term Incentive Plan (the "LTIP") and the Deferred Bonus Share Scheme (the "DBSS")

The Company has today been informed that on 2 April 2024, the following Persons Discharging Managerial Responsibilities "PDMRs" exercised their nil-cost options over ordinary shares of 10 pence each in the Company under the LTIP and DBSS granted on 11 March 2019 and 12 March 2021 respectively. 

 

LTIP

 

Vesting of these options was subject to criteria relating to the Company's performance over a three-year performance period to 31 December 2022 and the options were then subject to a two-year holding period following the end of the performance period. The number of options acquired includes the dividend equivalent Shares which participants receive upon exercise. The options become exercisable for up to five-years with effect from 11 March 2024.

 

Name

Title

Number of ordinary shares acquired of 10 pence each on exercise of options

Rakesh Thakrar

Group Chief Financial Officer

43,141

 

In order to meet the Income Tax and Employee National Insurance liabilities arising on the exercise of the options, the below number of shares were sold on 2 April 2024:

 

Name

Title

Number of ordinary shares of 10 pence each sold for Tax/NIC purposes

Sale price per share

Rakesh Thakrar

Group Chief Financial Officer

20,439

5.530667

 

DBSS

 

Vesting of these options was subject to a three-year holding period in respect of the deferred bonus for the 2020 financial year to 31 December 2022. The number of options acquired includes the dividend equivalent Shares which participants receive upon exercise. The options become exercisable for up to six-months with effect from 12 March 2024.

 

Name

Title

Number of ordinary shares acquired of 10 pence each on exercise of options

Rakesh Thakrar

Group Chief Financial Officer

34,396

 

In order to meet the Income Tax and Employee National Insurance liabilities arising on the exercise of the options, the below numbers of shares were sold on 2 April 2024:

 

Name

Title

Number of ordinary shares of 10 pence each sold for Tax/NIC purposes

Sale price per share

Rakesh Thakrar

Group Chief Financial Officer

16,296

5.530667

 

Notification and public disclosure of transactions by a person discharging managerial responsibilities and persons closely associated with them.

 

The Notification of Dealing Forms for each PDMR can be found below. This announcement is made in accordance with Article 19(3) of 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

 

Rakesh Thakrar

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Chief Financial 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)

 

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

 

Acquisition of shares pursuant to the exercise of options under the Company's LTIP and DBSS and sale of shares to cover tax liabilities

c)

 

Price(s) and volume(s)

 

 

 

Item

Price(s)

Volume(s)

Exercise of LTIP

nil

43,141

Exercise of DBSS Options

nil

34,396

Sale of Shares for LTIP

5.530667

20439

Sale of Shares for DBSS

5.530667

16296

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

36,735

 

5.530667

 

e)

 

Date of the transaction

2 April 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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