Alliance Trust PLC : Director/PDMR Shareholding

Alliance Trust PLC

 

Long Term Incentive Scheme Award

 

Alliance Trust PLC has granted awards under the Alliance Trust PLC Long Term Incentive Plan (2007) (the "LTIP") on 11 April 2014.

 

The awards under the LTIP, granted over Alliance Trust PLC Ordinary 2.5p shares, comprise (1) Matching Awards granted with reference to the number of Alliance Trust PLC ordinary 2.5p shares purchased and deposited by the Directors from any annual bonus award received by that individual and (2) Performance Awards.

 

All of the awards are made subject to conditions which are a combination of comparative Total Shareholder Return performance and Net Asset Value growth against a peer group of Global investment trusts with any payment being subject to an underpin of increased dividend on an absolute basis. Full vesting only takes place for upper quartile performance against the peer group for both measures over a three year period with no vesting where performance against the peer group is below the median for both measures.

 

There is no payment required by the participant to allow vesting of the award.

 

The initial Market Value of the awards, determined in accordance with the rules of the LTIP, is 453.7p per share.

 

The awards made are as follows:

 

MATCHING AWARDS

 

 

Name of Director	Form of Matching Award	Number of Shares Comprised in Option	Date of Grant	Normal date of vesting
Katherine Garrett-Cox	Option	160,086	11 April 2014	11 April 2017
Alan Trotter	Option	26,275	11 April 2014	11 April 2017

 

PERFORMANCE AWARDS

 

Name of Director	Form of Performance Award	Number of Shares Comprised in Option	Date of Grant	Normal date of vesting
Katherine Garrett-Cox	Option	187,458	11 April 2014	11 April 2017
Alan Trotter	Option	99,184	11 April 2014	11 April 2017

For further information please contact:

Name of contact	Mr. Donald McPherson
Telephone Number	[phone]
Date of notification	11 April 2014

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alliance Trust PLC via Globenewswire

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