Director/PDMR Shareholding

RNS Number : 0177I

abrdn PLC

11 April 2022

 

abrdn plc

('the Company')

Notification of Interests of Executive Directors

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

On 8 April 2022 the Company granted to each of the individuals noted below awards under the following plans:

abrdn plc Deferred Share Plan - Awards in the form of nil-cost options to acquire ordinary shares in the Company, subject to the rules of the abrdn plc Deferred Share Plan ('the Deferred Share Plan'). 

The Awards will normally vest pro-rata on the first, second and third anniversaries of the grant date in accordance with, and subject to, the rules of the Deferred Share Plan.  Awards may be exercised by holders up to 10 years from grant. 

	Number of Shares awarded under the Deferred Share Plan
	1 Year Award	2 Year Award	3 Year Award
Executive Directors
Stephen Bird	138,686	138,686	138,688
Stephanie Jane Bruce	50,539	50,539	50,541

abrdn plc Executive Long Term Incentive Plan - Awards have been made in the form of nil-cost options ('2022 Executive LTIP Awards') to acquire ordinary shares in the Company, subject to the rules of the abrdn plc Executive Long Term Incentive Plan (the 'LTIP Plan') and pre-vesting performance conditions. The performance conditions are linked to compound annual growth rate in adjusted diluted capital generation per share and relative total shareholder return. Further details are set out in the Directors' Remuneration Report in the Annual Report and Accounts 2021 (page 104).

The Awards will normally vest on the third anniversary of the Grant Date, only to the extent that the performance conditions have been met and in accordance with, and subject to, the rules of the LTIP Plan.

As stated in our Directors' Remuneration Policy, the Remuneration Committee retains discretion to review award levels at the end of the period, to ensure that outcomes appropriately reflect performance and the experience of stakeholders.

Vested Awards are subject to a holding period to the end of the fifth anniversary of the grant date. After this date, they are released and may be exercised by holders up to 10 years from the Grant Date.

	Number of Shares awarded under the LTIP Plan
Executive Directors
Stephen Bird	1,447,169
Stephanie Jane Bruce	508,576

No consideration is payable on the grant or vesting of any of the Awards. The number of shares to which each Award relates will be increased by an additional number of shares equal in value to any dividends that would have been paid on all the shares in respect of which the Award is released, over the period from the Grant Date to the release date.  

LEI: OTMBS544NMO7GLCE7H90

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

11 April 2022

Enquiries:

Group Secretariat Kenneth Gilmour

[phone]

 

END

 

 

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