1 April 2025
Phoenix Group Holdings plc (the "Company")
Grant of Awards under the Phoenix Group Holdings plc 2018 Deferred Bonus Share Scheme (the "DBSS") and the Phoenix Group Holdings plc 2018 Long Term Incentive Plan (the "LTIP")
The Company announces that on 1 April 2025, the following Persons Discharging Managerial Responsibilities "PDMRs" were granted awards over Ordinary Shares of £0.10 each in the Company under the 2018 DBSS and LTIP schemes. The number of shares was calculated using a market price of £5.7233, being the average market share price for the three days preceding the award date.
DBSS
| Name | Position | Number of shares subject to award | Vesting Date | Date Exercisable |
| Andrew Briggs | Chief Executive Officer | 115,603 | 1 April 2028 | 1 April 2028 |
| Nicolaos Nicandrou | Group Chief Financial Officer | 8,771 | 1 April 2028 | 1 April 2028 |
| Arlene Cairns | Life CFO & Group Performance Director | 11,970 | 1 April 2028 | 1 April 2028 |
| Andrew Curran | Chief Executive Officer, Standard Life | 58,676 | 1 April 2028 | 1 April 2028 |
| Michael Eakins | Group Chief Investment Officer | 85,980 | 1 April 2028 | 1 April 2028 |
| Dean Galligan | Chief Capital Officer | 14,277 | 1 April 2028 | 1 April 2028 |
| Tom Ground | CEO - Retirement Solutions | 53,261 | 1 April 2028 | 1 April 2028 |
| Claire Hawkins | Director of Corporate Affairs & Brand | 33,738 | 1 April 2028 | 1 April 2028 |
| Brid Meaney | Group Chief Risk Officer | 43,531 | 1 April 2028 | 1 April 2028 |
| Jacqueline Noakes | Chief Operating Officer | 45,175 | 1 April 2028 | 1 April 2028 |
| Sara Thompson | Chief People Officer | 31,877 | 1 April 2028 | 1 April 2028 |
| Colin Williams | Chief Executive Officer, Pensions and Savings | 46,160 | 1 April 2028 | 1 April 2028 |
| Quentin Zentner | Group General Counsel | 30,016 | 1 April 2028 | 1 April 2028 |
The above awards were granted as nil cost options in respect of the deferred bonus for the 2024 financial year.
LTIP
| Name | Position | Performance Award Number of Shares | Vesting Date | Date Exercisable |
| Andrew Briggs | Chief Executive Officer | 416,346 | 1 April 2028 | 1 April 2030 |
| Nicolaos Nicandrou | Group Chief Financial Officer | 350,759 | 1 April 2028 | 1 April 2030 |
| Arlene Cairns | Life CFO & Group Performance Director | 46,063 | 1 April 2028 | 1 April 2030 |
| Andrew Curran | Chief Executive Officer, Standard Life | 136,602 | 1 April 2028 | 1 April 2030 |
| Michael Eakins | Group Chief Investment Officer | 120,718 | 1 April 2028 | 1 April 2030 |
| Dean Galligan | Chief Capital Officer | 46,063 | 1 April 2028 | 1 April 2030 |
| Tom Ground | CEO - Retirement Solutions | 117,541 | 1 April 2028 | 1 April 2030 |
| Claire Hawkins | Director of Corporate Affairs & Brand | 60,359 | 1 April 2028 | 1 April 2030 |
| Brid Meaney | Group Chief Risk Officer | 104,834 | 1 April 2028 | 1 April 2030 |
| Jacqueline Noakes | Chief Operating Officer | 115,953 | 1 April 2028 | 1 April 2030 |
| Sara Thompson | Chief People Officer | 60,359 | 1 April 2028 | 1 April 2030 |
| Colin Williams | Chief Executive Officer, Pensions and Savings | 112,776 | 1 April 2028 | 1 April 2030 |
| Quentin Zentner | Group General Counsel | 58,770 | 1 April 2028 | 1 April 2030 |
The above awards were granted as nil cost options which are subject to criteria relating to the Company's performance over the three-year performance period to 31 December 2027. The awards will be subject to a two-year holding period from the vesting date.
Notification and public disclosure of transactions by persons discharging managerial
The Notification of Dealing Forms for each PDMR can be found below. This announcement is made in accordance with 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).
| 1
| Details of the person discharging managerial responsibilities | ||||||||||
| a)
| Name
| Andrew Briggs
| |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Group Chief Executive Officer | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Nicolaos Nicandrou | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Group Chief Financial Officer | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction | 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities | ||||||||||
| a)
| Name
| Arlene Cairns | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Life CFO & Group Performance Director | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities | ||||||||||
| a)
| Name
| Andrew Curran | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Chief Executive Officer, Standard Life | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Michael Eakins | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Group Chief Investment Officer | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29
| |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Dean Galligan | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Chief Capital Officer | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities | ||||||||||
| a)
| Name
| Tom Ground | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| CEO - Retirement Solutions | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Claire Hawkins | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Director of Corporate Affairs & Brand | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities | ||||||||||
| a)
| Name
| Brid Meaney | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| CRO Phoenix Group | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Jacqueline Noakes | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Group Chief Operating Officer | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities
| ||||||||||
| a)
| Name
| Sara Thompson | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Chief People Officer | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities | ||||||||||
| a)
| Name
| Colin Williams | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| CEO - Pensions and Savings | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
| 1
| Details of the person discharging managerial responsibilities | ||||||||||
| a)
| Name
| Quentin Zentner | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Group General Counsel | |||||||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| Phoenix Group Holdings plc | |||||||||
| b)
| LEI
| 2138001P49OLAEU33T68 | |||||||||
| 4
| 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 transactions have been conducted
| ||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Phoenix Group Holdings plc Ordinary Shares of £0.10
GB00BGXQNP29 | |||||||||
| b)
| Nature of the transaction
| a. Grant of an Award at nil cost option under the Company's 2018 Deferred Bonus Share Scheme
b. Grant of Awards at nil cost option under the Company's 2018 Long Term Incentive Plan | |||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Nil | |||||||||
| e)
| Date of the transaction
| 1 April 2025 | |||||||||
| f)
| Place of the transaction
| Outside a trading venue | |||||||||
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