RNS Number : 5420V
XPS Pensions Group PLC
08 July 2024
 

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8 July 2024

XPS Pensions Group plc
(the "Company")

 

TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

XPS announces that, on 3 July 2024, Paul Cuff (Co-Chief Executive Officer), Ben Bramhall (Co-Chief Executive Officer), Snehal Shah (Chief Financial Officer), and Ben Gold (Head of Investment), all persons discharging managerial responsibilities ("PDMRs"), exercised nominal-cost options granted on 1 July 2021 under the Company's Performance Share Plan ("PSP") to acquire ordinary shares of 0.05 pence each in the Company ("Ordinary Shares").

 

Following exercise, Paul Cuff, Ben Bramhall and Snehal Shah sold Ordinary Shares to pay the related income tax and National Insurance contributions arising upon the acquisition of Ordinary Shares. Ben Gold sold all Ordinary Shares that he received upon exercise.

 

XPS also announces that, on 5 July 2024, Paul Cuff transferred 90,084 Ordinary Shares from a nominee account to a personal account, and subsequently sold 258,534 Ordinary Shares at a price of £3.15 per Ordinary Share. Additionally on 5 July 2024, Ben Bramhall sold 509,380 Ordinary Shares at a price of £3.15 per Ordinary Share.

 

Both Co-Chief Executive Officers continue to maintain material holdings in the Company. Paul Cuff retains 427,852 Ordinary Shares and Ben Bramhall retains 492,246 Ordinary Shares, equal to 375% and 431% of salary respectively. Both Co-Chief Executive Officers also continue to hold 903,805 unvested options, as a result of in-flight awards granted under the Company's PSP.

 

Further details are set out in the below notification, made in accordance with the requirements of the UK 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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

341,217 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the transaction

 

n/a

 

 

 

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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

318p

160,965 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

341,217 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the transaction

 

n/a

 

 

 

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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

318p

143,847 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

240,181 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the transaction

 

n/a

 

 

 

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name

 Snehal Shah

b)

Position/status

 Chief Financial Officer / PDMR

c)

Initial notification/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

318p

113,302 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name

 Ben Gold

b)

Position/status

 Head of Investment / PDMR

c)

Initial notification/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 1 July 2021.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

31,721 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

f)

Place of the transaction

 

n/a

 

 

 

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name

 Ben Gold

b)

Position/status

 Head of Investment / PDMR

c)

Initial notification/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Disposal of Ordinary Shares received as a result of option exercise.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

318p

31,721 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

03 July 2024

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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Transfer of shares from a nominee account to a personal account. The beneficial ownership of the shares remained the same.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

90,084 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

05 July 2024

f)

Place of the transaction

 

n/a

 

 

 

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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Sale of Ordinary Shares.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

315p

258,534 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

5 July 2024

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

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/

amendment

 Initial notification

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 instrument

 Ordinary shares of 0.05 pence each ("Ordinary Shares")

 

 ISIN: GB00BDDN1T20 

 

b)

Nature of the transaction

Sale of Ordinary Shares.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

315p

509,380 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

05 July 2024

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

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