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XPS Xps Pensions Group Plc

250.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Xps Pensions Group Plc LSE:XPS London Ordinary Share GB00BDDN1T20 ORD GBP0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 250.00 247.00 248.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pension,health,welfare Funds 166.79M 15.84M 0.0763 32.77 518.86M

XPS Pensions Group PLC Director/PDMR Shareholding (2685H)

02/12/2020 10:02am

UK Regulatory


Xps Pensions (LSE:XPS)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMXPS

RNS Number : 2685H

XPS Pensions Group PLC

02 December 2020

2 December 2020

XPS Pensions Group plc

(the "Company")

TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

XPS announces that, on 30 November 2020, Ben Bramhall (Co-Chief Executive Officer), Paul Cuff (Co-Chief Executive Officer) and Snehal Shah (Chief Financial Officer), all Directors and 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 27 November 2020, being GBP1.24. 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, subject to the satisfaction of the following performance targets: (1) 50% of the awards vests subject to an Earnings Per Share (EPS) growth target whereby 25% vests for compounded annual growth (CAG) of 3% above CPI and 100% vests for CAG of 7% above CPI (with vesting on a straight-line basis for performance between 3% and 7% CAG and no vesting for performance below 3% CAG); and (2) 50% of the awards vests subject to a relative Total Shareholder Return (TSR) target whereby 25% vests for median ranking and 100% vests for upper quartile ranking (with vesting on a straight-line basis for performance between median and upper quartile ranking and no vesting for a ranking below median).

Once vested, the options will 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                           Benjamin Bramhall 
===  =============================  =========================================== 
 b)   Position/status                Co-Chief Executive 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 nominal-cost option over 
                                     Ordinary Shares under the XPS Pensions 
                                     Group plc Performance Share Plan, 
                                     which will vest on 30 November 2023, 
                                     subject to the satisfaction of performance 
                                     conditions. 
===  =============================  =========================================== 
 c)   Price(s) and                    Price(s)   Volume(s) 
       volume(s)                       0.05p      348,387 Ordinary 
                                                   Shares 
                                                 ----------------- 
===  =============================  =========================================== 
 d)   Aggregated information        n/a (single transaction) 
 
       Aggregated volume 
       Price 
===  =============================  =========================================== 
 e)   Date of the transaction       30 November 2020 
===  =============================  =========================================== 
 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/          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 nominal-cost option over 
                                     Ordinary Shares under the XPS Pensions 
                                     Group plc Performance Share Plan, 
                                     which will vest on 30 November 2023, 
                                     subject to the satisfaction of performance 
                                     conditions. 
===  =============================  =========================================== 
 c)   Price(s) and                    Price(s)   Volume(s) 
       volume(s)                       0.05p      348,387 Ordinary 
                                                   Shares 
                                                 ----------------- 
===  =============================  =========================================== 
 d)   Aggregated information        n/a (single transaction) 
 
       Aggregated volume 
       Price 
===  =============================  =========================================== 
 e)   Date of the transaction       30 November 2020 
===  =============================  =========================================== 
 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 / 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 nominal-cost option over 
                                     Ordinary Shares under the XPS Pensions 
                                     Group plc Performance Share Plan, 
                                     which will vest on 30 November 2023, 
                                     subject to the satisfaction of performance 
                                     conditions. 
===  =============================  =========================================== 
 c)   Price(s) and                    Price(s)   Volume(s) 
       volume(s)                       0.05p      240,423 Ordinary 
                                                   Shares 
                                                 ----------------- 
===  =============================  =========================================== 
 d)   Aggregated information        n/a (single transaction) 
 
       Aggregated volume 
       Price 
===  =============================  =========================================== 
 e)   Date of the transaction       30 November 2020 
===  =============================  =========================================== 
 f)   Place of the transaction       London Stock Exchange (XLON) 
===  =============================  =========================================== 
 

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END

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December 02, 2020 05:02 ET (10:02 GMT)

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