Director/PDMR Shareholding

RNS Number : 4764I

Schroders PLC

11 March 2010

 



Schroders plc

Notification of Transactions of Directors and Persons Discharging Material Responsibility and Connected Persons

In accordance with Rule 3.1.2R of the Disclosure and Transparency Rules, Schroders plc was notified on 10 and 11 March 2010 of certain transactions by Directors and PDMRs in shares or rights to shares of the Company.  In compliance with Rule 3.1.4R of the Disclosure and Transparency Rules, Schroders plc notifies the market of the details of the transactions:

Award of Rights to Shares

The following Directors and PDMRs of Schroders plc acquired rights to ordinary shares of £1 each (including restricted ordinary shares of £1 each), or non-voting ordinary shares of £1 each in Schroders plc as a result of an Equity Compensation Plan ('ECP') award grant on 8 March 2010. 

	ECP grant over ordinary shares	ECP grant over restricted ordinary shares	% of ordinary share class including restricted shares (at close of business on 8 March 2010)	ECP grant over non-voting ordinary shares	% of non-voting ordinary share class (at close of business on 8 March 2010)
Alan Brown	28,644	-	0.013	-	-
Karl Dasher	21,060	-	0.009	-	-
Michael Dobson	59,678	-	0.026	-	-
Jamie Dorrien-Smith	18,266	-	0.008	-	-
Lester Gray	26,849	-	0.012	-	-
Kenneth Lambden	25,064	-	0.011	-	-
Philip Mallinckrodt	-	-	-	20,005	0.032
Kevin Parry	26,258	-	0.012	-	-
Markus Ruetimann	25,064	-	0.011	-	-
Graham Staples	1,622	-	0.001	-	-
Massimo Tosato	36,284	-	0.016	-	-
John Troiano	26,258	19,459	0.020	-	-
Howard Trust	13,128	-	0.006	-	-

Awards under the Equity Compensation Plan are granted for nil consideration.  They do not give rise to any immediate entitlement to shares and are at risk of forfeiture in whole or in part before the fifth anniversary of the grant.  The award price for the ordinary shares was £13.96 and £11.66 for the non-voting ordinary shares.

Accelerated Vesting of Awards of Rights to Shares

Exercise of awards under the ECP which were satisfied by the award of ordinary shares, subject to restrictions, on 8 March 2010:

	Exercise of awards over ordinary shares - 2006 ECP (number of shares)	Exercise of awards over ordinary shares - 2007 ECP (number of shares)	Exercise of awards over ordinary shares - 2008 ECP (number of shares)	Satisfied by the award of ordinary shares (subject to restrictions)	% of ordinary shares acquired (subject to restrictions)	Number of rights to shares lapsed	% of ordinary shares lapsed
John Troiano	-	24,605	-	24,605	0.011	-	-
Graham Staples	2,921	3,532	-	6,453	0.003	-	-
Massimo Tosato	-	-	70,266	70,266	0.311	7,788	0.003
Howard Trust	17,620	-	12,164	29,784	0.013	-	-

Exercise of ECP Awards

Exercise of awards under the ECP and subsequent sale of some/all of the ordinary shares:

	Exercise of awards over ordinary shares (number of shares)	% of ordinary shares acquired (on day of transaction)	Number of shares disposed	% of ordinary shares disposed (on day of transaction)	Price per share (£)	Date of transaction
Jamie Dorrien-Smith	22,945	0.010	9,407	0.004	13.870	8 March 2010
Jamie Dorrien-Smith	28,952	0.013	11,895	0.005	13.885	8 March 2010
Lester Gray	24,410	0.011	24,410	0.011	13.855	8 March 2010
Markus Ruetimann	20,436	0.009	20,436	0.009	13.96	9 March 2010
Massimo Tosato	86,911	0.038	35,707	0.016	14.06	8 March 2010

Exercise of awards under the ECP and subsequent sale of some/all of the non-voting ordinary shares:

	Exercise of awards over non-voting ordinary shares (number of shares)	% of non-voting ordinary shares acquired (on day of transaction)	Number of non-voting ordinary shares disposed	% of non-voting ordinary shares disposed (on day of transaction)	Price per share (£13.96)	Date of transaction
Jamie Dorrien-Smith	49,464	0.078	20,322	0.032	11.56	8 March 2010
Graham Staples	1,408	0.002	1,408	0.002	11.63	8 March 2010
Massimo Tosato	51,928	0.082	21,335	0.034	11.705	8 March 2010
Howard Trust	37,950	0.060	15,594	0.025	11.505	9 March 2010

Exercise of Options

Exercise of share option awards and subsequent sale of some/all of the shares:

	Exercise of options over non-voting ordinary shares (number of shares)	% of non-voting ordinary shares acquired (on day of transaction)	Exercise price (£)	Number of shares disposed	% of ordinary shares disposed (on day of transaction)	Price per share (£)	Date of transaction
Jamie Dorrien-Smith	15,197	0.024	9.87	15,197	0.024	11.475	9 March 2010
Jamie Dorrien-Smith	30,000	0.047	5.405	30,000	0.047	11.475	9 March 2010
Jamie Dorrien-Smith	25,000	0.039	8.00	25,000	0.039	11.475	9 March 2010
Jamie Dorrien-Smith	25,000	0.039	3.98	459	0.001	11.475	9 March 2010
John Troiano	112,498	0.179	8.00	112,498	0.179	10.955	4 March 2010

Sale of Non-Voting Shares

	Sale of non-voting ordinary shares (number of shares)	% of non-voting ordinary shares disposed	Price per share (£)	Date of transaction
Michael Dobson	745,832*	1.175	11.49	9 March 2010

* This number of shares differs from that previously announced to the market.  This difference is due to the acquisition of 961 non-voting ordinary shares under the Dividend Reinvestment Plan.

Graham Staples

Company Secretary

London

11 March 2009

 

END

 

 

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