Director/PDMR Shareholding

RNS Number : 9260A

Standard Life plc

29 March 2017

 

Standard Life plc

('the Company')

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

On 27 March 2017 the Company granted to each of the individuals noted below awards under the following plans:

·  2017 Executive Long Term Incentive Plan (LTIP) - Awards in the form of nil-cost options ('2017 Executive LTIP Awards') to acquire ordinary shares in the capital of the Company, subject to the rules of the Standard Life plc Executive Long Term Incentive Plan and a pre-vesting operating profit and net flows performance condition as defined in the deed of grant and summarised in the Directors' Remuneration Report in the Annual Report and Accounts 2016.

The Awards will normally vest on 27 March 2022, but only to the extent that the performance condition has been met.  Once vested, an Award may be exercised in the 6 months thereafter.

·  2017 Standard Life Investments Long Term Incentive Plan (SLI LTIP) - Awards in the form of nil-cost options ('2017 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 Investments Long Term Incentive Plan.

The Awards will normally vest on 27 March 2020, conditional on continued employment and the performance condition defined by reference to the third party earnings before interest, tax, depreciation and amortisation generated by Standard Life Investments in 2017, 2018 and 2019  Once 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.

	Number of Shares awarded under 2017 Executive LTIP	Number of Shares awarded under 2017 Standard Life Investments LTIP
Executive Directors
Norman Keith Skeoch	778,902	-
Luke Savage	213,850	-
Colin Martin Clark	500,723	-
Finbar Anthony O'Dwyer	175,253	-
Other PDMRs
Alexander Hugh McCormack Begbie	161,170	-
Ranjit Singh	158,161	-
Roderick Louis Paris	-	500,723
Colin Richard Walklin	173,862	-

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

LEI: OTMBS544NMO7GLCE7H90

29 March 2017

Enquiries:

Group Secretariat Paul McKenna

[phone]*

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

 

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