PHNX Phoenix Group Holdings Plc

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 was today informed that on 4 April 2024, the following Person Discharging Managerial Responsibilities "PDMR" exercised their nil-cost options over ordinary shares of 10 pence each in the Company under the LTIP and DBSS granted on 21 March 2018 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 2020 and the options were then subject to a two-year holding period following the end of the performance period. The options become exercisable for up to five-years with effect from 21 March 2023.  

Income Tax and Employee National Insurance liabilities were paid on exercise.

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 2023.  The options become exercisable for up to six-months with effect from 12 March 2024. 

Income Tax and Employee National Insurance liabilities were paid on exercise.

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).