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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 |
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) Dow Jones Newswires
December 02, 2020 05:02 ET (10:02 GMT)
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