Director/PDMR Shareholding

RNS Number : 1802B
Standard Life plc
28 March 2013
 



 

Standard Life plc

('the Company')

 

Notification of Interests of Executive Directors and Other Persons Discharging Managerial Responsibility ('PDMRs')

On 25 March 2013, the Company granted to each of the individuals noted below awards under the following plans:

·  2013 Group Long Term Incentive Plan (LTIP) - Awards in the form of nil-cost options ('2013 Group LTIP Awards') to acquire ordinary shares in the capital of the Company, subject to the rules of the Standard Life Long Term Incentive Plan and a pre-vesting operating profit performance condition as defined in the deed of grant and summarised in the Directors' Remuneration Report in the Annual Report and Accounts 2012.

The Awards will normally vest on 25 March 2016, but only to the extent that the performance condition has been met.  Once vested, an Award may be exercised in the 6 months thereafter.

·  2013 Standard Life Investments Long Term Incentive Plan (SLI LTIP) - Awards in the form of nil-cost options ('2013 Standard Life Investments LTIP Awards') to acquire ordinary shares in the capital of the Company, subject to the rules of the Standard Life Investments Standard Life Long Term Incentive Plan.

The Awards will normally vest on 25 March 2016, conditional on continued employment and the performance condition defined by reference to the third party earnings before interest and tax generated by Standard Life Investments in 2013, 2014 and 2015.  The performance condition is underpinned by the requirement that investment performance of Standard Life Investments is not to be in the lower quartile of the three-year money-weighted average investment performance compared to other asset managers.  Once vested, an Award may be exercised in the 6 months thereafter.

On 28 March 2013, the Company granted to each of the individuals noted below awards under the following plans:

·  2012 Short Term Incentive Plan - 2013 Deferred Share Award - Awards in the form of nil-cost options ('2012 Deferred Share Awards') over existing ordinary shares in the Company.  The level of shares granted to each individual was equivalent to a proportion of his or her annual bonus for 2012.

These Awards will normally vest on 28 March 2015 conditional on continued employment and subject to the rules of the 2012 Short Term Incentive PlanOnce vested, an Award may be exercised in the 6 months thereafter.



 

 

No consideration is payable on the grant or vesting of all of the above Awards.  During the vesting periods, all of the above awards carry a right to receive dividend equivalents, to the extent that the awards vest.  Further information on each of these Plans is available in Directors' Remuneration Report in the Annual Report and Accounts 2012.

 

The table below also includes the total of outstanding shares awarded to each individual previously granted under the 2010, 2011 and 2012 Group LTIP, the 2011 and 2012 Deferred Share awards under the 2011 and 2012 Short term Incentive Plans, 2011 SLI LTIP and 2012 SLI LTIP, any unvested Restricted Stock Plan (RSP) awards and awards under the 2011 and 2012 Sharesave Plans.


Number of Shares awarded under 2013 Group LTIP

Number of Shares awarded under 2013 Standard Life Investments LTIP

Number of Shares awarded under 2012 Deferred Share Award

Total number of outstanding Shares awarded under LTIPs, RSPs, Deferred Share and Sharesave

Executive Directors





David Thomas Nish

427,050

-

153,751

3,204,052

Norman Keith Skeoch

236,634

236,634

18,907

2,856,213

Jacqueline Hunt

190,888

-

89,993

1,401,571

Other PDMRs





Alexander Hugh McCormack Begbie

121,628

-

44,908

819,353

Charles Guay

104,884

-

30,040

353,591

Paul Stephen Matthews

145,953

-

56,135

936,861

Ranjit Singh

113,963

-

-

113,963

 

 

This notice is given in fulfilment of obligations under DTR 3.1.4 (R).

28 March 2013

Enquiries:

Barry Cameron, Media Relations, 0131 245 6165/ 44 (0)771 248 6463

Lorraine Rees, Investor Relations, 0207 872 4124/ 44 (0)773 830 0878

Kenneth Gilmour, Group Secretariat, 0131 245 0751

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSEFFLAFDSELD

Companies

Abrdn (ABDN)
UK 100