XPS Pensions Group PLC
23 July 2026
23 July 2026
XPS Pensions Group plc
(the "Company")
TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
XPS announces that, on 22 July 2026, Paul Cuff (Co-Chief Executive Officer), Ben Bramhall (Co-Chief Executive Officer), and Snehal Shah (Chief Financial Officer), all persons discharging managerial responsibilities ("PDMRs"), exercised nominal-cost options granted on 17 July 2023 under the Company's Performance Share Plan ("PSP") to acquire ordinary shares of 0.05 pence each in the Company ("Ordinary Shares").
Following exercise, the Directors sold Ordinary Shares to pay the related income tax and National Insurance contributions arising upon the acquisition of Ordinary Shares.
In addition, on 22 July 2026, Snehal Shah (Chief Financial Officer and PDMR) transferred 50,000 Ordinary Shares of 0.05 pence each in the Company to his spouse, Meeta Shah, a person closely associated, for nil consideration.
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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 17 July 2023. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe 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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe 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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 17 July 2023. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe 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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe 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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Acquisition of Ordinary Shares following the exercise of nominal-cost options granted under the XPS Pensions Group plc Performance Share Plan on 17 July 2023. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe 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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Disposal of Ordinary Shares to satisfy income tax and National Insurance contributions liability relating to option exercise. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe 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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Transfer of Ordinary Shares to spouse for nil consideration. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe transaction |
Outside a trading venue |
||||
|
1. |
Details of PDMR/person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Meeta Shah |
||||
|
b) |
Position/status |
PCA of Snehal Shah (Chief Financial Officer and 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) |
Descriptionofthe financialinstrument |
Ordinary shares of 0.05 pence each ("Ordinary Shares") ISIN: GB00BDDN1T20 |
||||
|
b) |
Natureofthe transaction |
Transfer of Ordinary Shares from spouse / PDMR for nil consideration. |
||||
|
c) |
Price(s)and volume(s) |
|
||||
|
d) |
Aggregated information Aggregatedvolume Price |
n/a (single transaction) |
||||
|
e) |
Date ofthe transaction |
22 July 2026 |
||||
|
f) |
Placeofthe transaction |
Outside a trading venue |
||||
-Ends-
For further information, contact:
|
XPS Group |
|
|
Sarah Rixon Group Company Secretary |
+44 118 918 5265 / companysecretary@xpsplc.com |
Notes to Editors:
XPS Group is a leading consulting and administration business focused on UK pension schemes and insurers. XPS combines expertise, insight and technology to address the needs of over 1,300 pension schemes and their sponsoring employers on an ongoing and project basis, also providing advice and administration to UK insurance companies. We undertake pensions administration for c. 1.2 million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 83 with assets over £1bn.
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.
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