Form 8 (OPD) Standard Life plc

RNS Number : 8103Z

Standard Life plc

17 March 2017

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Standard Life plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Standard Life plc
(d) Is the discloser the offeror or the offeree?	OFFEROR / OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	16 March 2017
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES / NO / N/A If YES, specify which: Aberdeen Asset Management PLC

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	Ordinary Shares
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	0.000	Nil	0.000
(2) Cash-settled derivatives:	Nil	0.000	Nil	0.000
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	0.000	Nil	0.000
TOTAL:	Nil	0.000	Nil	0.000

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(A)  Interests held by directors of Standard Life plc and their close relatives and related trusts: Class of Relevant Security: Ordinary Shares % Director Colin Martin Clark 757,766 0.038 Elizabeth Noel Harwerth 10,074 0.001 Finbar Anthony O'Dwyer 66,913 0.003 Sir Gerald Edgar Grimstone 206,626 0.010 John Devine 1,321 0.000 Kevin Allen Huw Parry 50,000 0.003 Luke Savage 938 0.000 Lynne Margaret Peacock 12,554 0.001 Martin St Clair Pike 32,727 0.002 Melanie Gee (1) 20,000 0.001 Norman Keith Skeoch 2,246,667 0.114 Pierre Danon 49,656 0.003             (1)   Melanie Gee being her maiden name, Melanie Brown being her passport name. (B)  Interests held as options by directors of Standard Life plc under its share plans: Class of Relevant Security: Ordinary Shares (under option) Vesting Date** Exercise Price (per share) Standard Life Short Term Incentive Plan Colin Martin Clark 18,162* 24 March 2018 Nil Luke Savage 83,470* 24 March 2018 Nil Luke Savage 32,948* 27 March 2017 Nil Norman Keith Skeoch 171,651* 24 March 2018 Nil Norman Keith Skeoch 19,527* 27 March 2017 Nil Standard Life Executive Long Term Incentive Plan Colin Martin Clark 520,785** 24 March 2021 Nil Finbar Anthony O'Dwyer 109,363** 24 March 2019 Nil Finbar Anthony O'Dwyer 86,605** 27 March 2018 Nil Finbar Anthony O'Dwyer 99,943** 20 May 2017 Nil Luke Savage 222,418** 24 March 2021 Nil Luke Savage 170,934** 27 March 2020 Luke Savage 205,161** 10 September 2019 Norman Keith Skeoch 1,001,766** 24 March 2021 Nil Norman Keith Skeoch 227,913** 27 March 2020 Nil Norman Keith Skeoch 264,562** 20 May 2019 Nil Standard Life Restricted Stock Plan Colin Martin Clark 182,598** 31 March 2017 Nil Colin Martin Clark 114,282** 30 March 2018 Nil Finbar Anthony O'Dwyer 51,412** 30 March 2018 Nil Standard Life Investments Long Term Incentive Plan Colin Martin Clark 457,136** 30 March 2018 Nil Colin Martin Clark 452,393** 28 March 2017 Nil Norman Keith Skeoch 228,567** 30 March 2018 Nil Norman Keith Skeoch 271,435** 28 March 2017 Nil Standard Life UK Sharesave Plan Finbar Anthony O'Dwyer 5,522 1 November 2018 £2.716 Luke Savage 5,116 1 November 2017 £2.961 Norman Keith Skeoch 5,292 1 November 2021 £2.834 *The vesting of the award is conditional on continued employment and subject to other rules of the plan. ** The vesting of the award is subject to performance conditions. (C)  Interests held by other presumed concert parties of Standard Life plc: Class of Relevant Security: Ordinary Shares Short Positions Name of Concert Party No. % No. % Goldman Sachs & Co 111 0.000 209,733(2) 0.010 JPMorgan Chase Bank, N.A. 173 0.000 Nil 0.000 (2)   Cash settled derivatives.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	YES/NO
Supplemental Form 8 (SBL)	YES/NO

Date of disclosure:	17 March 2017
Contact name:	Kenneth Gilmour
Telephone number:	(0)131 245 0751

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END

 

 

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