XPS Pensions Group PLC Director/PDMR Shareholding (2685H)
December 02 2020 - 4:02AM
UK Regulatory
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)
=== ============================= ===========================================
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFIIFLLFIII
(END) Dow Jones Newswires
December 02, 2020 05:02 ET (10:02 GMT)
Xps Pensions (LSE:XPS)
Historical Stock Chart
From Apr 2024 to May 2024
Xps Pensions (LSE:XPS)
Historical Stock Chart
From May 2023 to May 2024