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XPS Pensions Group - Director/PDMR Shareholding

RNS Number : 0214S
XPS Pensions Group PLC
03 July 2020
 

 

3 July 2020

XPS Pensions Group plc
(the "Company")

 

TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

XPS announces that, on 1 July 2020, Jonathan Bernstein, Chief Operating Officer, Patrick McCoy, Head of Advisory and David Watkins, Managing Director of Administration, 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 30 June 2020 being £1.15. 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. The options would then 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

 Jonathan Bernstein

b)

Position/status

 Chief Operating 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

Grant of award under the XPS Pensions Group plc Performance Share Plan, of Ordinary Share options which will vest on 30 June 2023.

 

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

109,565 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

1 July 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

1.

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

a)

Name

 Patrick McCoy

b)

Position/status

 Head of Advisory / 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

Grant of award under the XPS Pensions Group plc Performance Share Plan, of Ordinary Share options which will vest on 30 June 2023.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

109,565 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

1 July 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

1.

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

a)

Name

 David Watkins

b)

Position/status

 Managing Director of Administration / 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

Grant of award under the XPS Pensions Group plc Performance Share Plan, of Ordinary Share options which will vest on 30 June 2023.

c)

Price(s) and

volume(s)

Price(s)

Volume(s)

0.05p

86,957 Ordinary Shares

  

 

d)

Aggregated information

 

Aggregated volume

Price

n/a (single transaction)

 

e)

Date of the transaction

1 July 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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