XPS Pensions Group PLC Director/PDMR Shareholding (3450N)
23 Septiembre 2019 - 9:35AM
UK Regulatory
TIDMXPS
RNS Number : 3450N
XPS Pensions Group PLC
23 September 2019
23 September 2019
XPS Pensions Group plc
(the "Company")
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
XPS announces that, on 18 September 2019, Ben Bramhall (Co-Chief
Executive Officer), Paul Cuff (Co-Chief Executive Officer), Snehal
Shah (Chief Financial Officer) and Jonathan Bernstein (Chief
Operating Officer), all 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 17 September 2019, being GBP1.15. 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, 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 award under the XPS Pensions
Group plc Performance Share Plan,
of Ordinary Share options which will
vest on 18 September 2022, subject
to the satisfaction of performance
conditions.
=== ============================= =====================================
c) Price(s) and Price(s) Volume(s)
volume(s) 0.05p 313,043 Ordinary
Shares
-----------------
=== ============================= =====================================
d) Aggregated information n/a (single transaction)
Aggregated volume
Price
=== ============================= =====================================
e) Date of the transaction 18 July 2019
=== ============================= =====================================
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 award under the XPS Pensions
Group plc Performance Share Plan,
of Ordinary Share options which will
vest on 18 September 2022, subject
to the satisfaction of performance
conditions.
=== ============================= =====================================
c) Price(s) and Price(s) Volume(s)
volume(s) 0.05p 313,043 Ordinary
Shares
-----------------
=== ============================= =====================================
d) Aggregated information n/a (single transaction)
Aggregated volume
Price
=== ============================= =====================================
e) Date of the transaction 18 September 2019
=== ============================= =====================================
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 award under the XPS Pensions
Group plc Performance Share Plan,
of Ordinary Share options which will
vest on 18 September 2022, subject
to the satisfaction of performance
conditions.
=== ============================= =====================================
c) Price(s) and Price(s) Volume(s)
volume(s) 0.05p 259,239 Ordinary
Shares
-----------------
=== ============================= =====================================
d) Aggregated information n/a (single transaction)
Aggregated volume
Price
=== ============================= =====================================
e) Date of the transaction 18 September 2019
=== ============================= =====================================
f) Place of the transaction London Stock Exchange (XLON)
=== ============================= =====================================
1. Details of PDMR/person closely associated with them ('PCA')
====================================================================
a) Name Jonathan Bernstein
=== ============================= =====================================
b) Position/status Chief Operating 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 award under the XPS Pensions
Group plc Performance Share Plan,
of Ordinary Share options which will
vest on 18 September 2022, subject
to the satisfaction of performance
conditions.
=== ============================= =====================================
c) Price(s) and Price(s) Volume(s)
volume(s) 0.05p 227,895 Ordinary
Shares
-----------------
=== ============================= =====================================
d) Aggregated information n/a (single transaction)
Aggregated volume
Price
=== ============================= =====================================
e) Date of the transaction 18 September 2019
=== ============================= =====================================
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
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of this information may apply. For further information, please
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END
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September 23, 2019 10:35 ET (14:35 GMT)
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