XPS Pensions Group PLC Director/PDMR Shareholding (0214S)

TIDMXPS

RNS Number : 0214S

XPS Pensions Group PLC

03 July 2020

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 GBP1.15. 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/          Initial notification 
       amendment 
===  =============================  ===================================== 
 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    Ordinary shares of 0.05 pence each 
       instrument                      ("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                    Price(s)   Volume(s) 
       volume(s)                       0.05p      109,565 Ordinary 
                                                   Shares 
                                                 ----------------- 
===  =============================  ===================================== 
 d)   Aggregated information        n/a (single transaction) 
 
       Aggregated volume 
       Price 
===  =============================  ===================================== 
 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                           Patrick McCoy 
===  =============================  ===================================== 
 b)   Position/status                Head of Advisory / PDMR 
===  =============================  ===================================== 
 c)   Initial notification/          Initial notification 
       amendment 
===  =============================  ===================================== 
 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    Ordinary shares of 0.05 pence each 
       instrument                      ("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                    Price(s)   Volume(s) 
       volume(s)                       0.05p      109,565 Ordinary 
                                                   Shares 
                                                 ----------------- 
===  =============================  ===================================== 
 d)   Aggregated information        n/a (single transaction) 
 
       Aggregated volume 
       Price 
===  =============================  ===================================== 
 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/          Initial notification 
       amendment 
===  =============================  ===================================== 
 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    Ordinary shares of 0.05 pence each 
       instrument                      ("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                    Price(s)   Volume(s) 
       volume(s)                       0.05p      86,957 Ordinary Shares 
                                                 ----------------------- 
===  =============================  ===================================== 
 d)   Aggregated information        n/a (single transaction) 
 
       Aggregated volume 
       Price 
===  =============================  ===================================== 
 e)   Date of the transaction       1 July 2020 
===  =============================  ===================================== 
 f)   Place of the transaction       London Stock Exchange (XLON) 
===  =============================  ===================================== 
 

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END

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July 03, 2020 07:56 ET (11:56 GMT)