Director/PDMR Shareholding

RNS Number : 5483B

Standard Life plc

04 April 2017

Standard Life plc

('the Company')

Notification of Interests of Persons Discharging Managerial Responsibilities (PDMRs)

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

Standard Life Investments Long Term Incentive Plan (2014) ("SLI LTIP")

On 28 March 2014, the Company granted options ("awards") in the form of nil cost options to the undernoted PDMRs under the Standard Life Investments Long Term Incentive Plan ("SLI LTIP"). These awards vested, to the extent that the agreed SLI performance condition was met, on 28 March 2017. No consideration was payable on the vesting of these awards.

2015 Deferred Share Awards

On 28 March 2014, the Company granted share awards ("2015 Deferred Share awards") over existing ordinary shares in the Company to the undernoted PDMRs. The level of shares granted to each individual was equivalent to a proportion of his annual bonus for 2014. These awards vested on 28 March 2017. No consideration was payable on the vesting of these awards.

2014 Restricted Stock Plan Awards ("2014 RSP Share Awards")

On 28 March 2014 the Company granted Restricted Stock Plan awards ("2014 RSP awards") over existing ordinary shares in the Company to Colin Clark. These awards vested on 28 March 2017. No consideration was payable on the vesting of these awards.

During the vesting periods for all of the above awards, the awards carried a right to receive dividend equivalents, to the extent that the awards vested. The dividend equivalents were delivered as additional shares.

	Norman Keith Skeoch	Colin Richard Walklin	Colin Martin Clark	Roderick Louis Paris

SLI LTIP
Date of exercise	30/03/17	30/03/17	31/03/17	31/03/17
Date of notification	31/03/17	31/03/17	03/04/17	03/04/17
Shares vested	169,484	225,979	282,474	282,474
Shares sold to cover tax liability	79,858	106,477	133,096	133,096
Shares acquired	89,626	119,502	149,378	149,378
Sale price	£3.5440	£3.5455	£3.5395	£3.5376

2015 Deferred Share Awards
Date of exercise	30/03/17	n/a	n/a	n/a
Date of notification	31/03/17
Shares vested	19,527
Shares sold to cover tax liability	9,201
Shares acquired	10,326
Sale price	£3.5450

2014 RSP Share Awards
Date of exercise	n/a	n/a	31/03/17	n/a
Date of notification			03/04/17
Shares vested			182,598
Shares sold to cover tax liability			86,037
Shares acquired			96,561
Sale price			£3,544

Total shares acquired via the above transactions	99,952	119,502	245,939	149,378
Percentage of share capital acquired via the above transactions	0.0050%	0.0060%	0.0124%	0.0075%

Following the above:

Norman Keith Skeoch

Colin Richard Walklin

Colin Martin Clark

Roderick Louis Paris

Total Shareholding

2,346,668

206,109

1,003,705

581,825

Percentage of Share Capital

0.1186%

0.0104%

0.0507%

0.0294%

On 31 March 2017, the Company granted to each of the individuals noted below awards under the following plan:

2016 Short Term Incentive Plan - 2017 Deferred Share Award - Awards in the form of nil-cost options ('2017 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 2016.

These Awards will normally vest on 31 March 2020 conditional on continued employment and subject to the rules of the 2016 Short Term Incentive Plan. 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 2016 Deferred Share Award
Executive Directors
Norman Keith Skeoch	112,059
Luke Savage	79,312
Colin Martin Clark	95,533
Finbar Anthony O'Dwyer	16,157

Other PDMRs
Alexander Hugh McCormack Begbie	33,985
Ranjit Singh	35,338
Colin Richard Walklin	53,893