Director/PDMR Shareholding

RNS Number : 3057I

abrdn PLC

11 August 2021

 

abrdn 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 UK Market Abuse Regulation.

On 3 June 2019 the Company granted to Stephanie Bruce, Chief Financial Officer, an award under the terms of the Company's Deferred Share plan ("Award").

The Award was granted in the form of nil-cost options to acquire ordinary shares in the Company, subject to the rules of the Deferred Share Plan and performance underpins as defined in the deed of grant and summarised in the market announcement dated 30 April 2019.  The Award has a performance condition based on the achievement of efficiency targets totalling £350m.

The Award is considered for vesting in three tranches on the first, second and third anniversary of the grant of the Award.  The vesting level for the first anniversary and second anniversary tranches is based on an assessment made by the Remuneration Committee of the progress made towards the achievement of the efficiency targets, including whether or not the baseline level of efficiency targets will be met.  The vesting level of the third anniversary tranche will be adjusted by the Remuneration Committee to ensure that the overall vesting of the Award is commensurate with the final achievement against the efficiency targets.

The Remuneration Committee, having satisfied itself regarding progress made towards the efficiency targets, has approved the vesting level of the second tranche of the Award at 100% and this tranche vested on 21 June 2021.

No consideration was payable on the grant or vesting of the above award.  During the period from the Grant Date to the Vesting Date the Award carried a right to receive an amount in additional shares equal in value to any dividends that would have been paid on such shares in respect of the portion of the Award that is released.  The dividend equivalent shares are reflected in the vested portion of the Award. 

Details in relation to the acquired shares can be summarised as follows:

	Stephanie Jane Bruce
Deferred Share Award
Date of exercise	10/08/21
Date of notification	11/08/21
Shares vested	109,729
Shares acquired	109,729
Exercise price	£2.8940

Further details will be published in the 2021 Annual Report and Accounts.

LEI: OTMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of the United Kingdom

11 August 2021

Enquiries:

Kenneth Gilmour Group Company Secretary

[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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