This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).
1. Name of the issuer
Standard Chartered PLC
2. State whether the notification relates to:
(i) a transaction notified in accordance with DTR 3.1.2R;
(ii) a disclosure made in accordance LR 9.8.6R(1); or
(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
This notification relates to a transaction notified in accordance with DTR 3.1.2R
3. Name of person discharging managerial responsibilities/director
Steve Bertamini, Jaspal Bindra, Tracy Clarke, Richard Goulding, Richard Meddings, Tim Miller, Sir John Peace, Mike Rees, Peter Sands, V Shankar, Jan Verplancke
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
This notification is made in respect of holdings of persons referred to in 3. above.
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of US$0.50 each fully paid
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Steve Bertamini - shares in own name, Royal Bank of Canada and Standard Chartered Private Bank
Jaspal Bindra - shares held in own name
Tracy Clarke - shares in own name, husband's name, and LR Nominees Limited
Richard Goulding - shares held in own name
Richard Meddings - shares held in own name and wife's name through Heartwood Wealth Management Limited
Tim Miller - shares held through Computershare Company Nominees Limited
Sir John Peace - shares held through BBHISL Nominees Limited
Mike Rees - shares held through Computershare Company Nominees Limited
Peter Sands - shares held through Heartwood Wealth Management Limited
V Shankar - shares held through UBS Nominees Limited
Jan Verplancke - shares held in own name
8. State the nature of the transaction
(i) Award of Up-front Shares (half of any non-deferred annual performance award for an employee subject to the FSA Remuneration code will be delivered in the form of ordinary shares). See 20 below.
(ii) Award of the notional dividend arising from 2011 Deferred Restricted Share Scheme awards ("DRSS") granted under the Company's 2006 Restricted Share Scheme. See clause 20 below.
(iii) Deferred Restricted Share Awards (DRSA) granted under the Company's 2011 Standard Chartered Share Plan. See 20 below.
(iv) Performance Share Awards (PSA) granted under the Company's 2011 Standard Chartered Share Plan. See 20 below.
(v) Restricted Share Awards (RSA) granted under the Company's 2011 Standard Chartered Share Plan. See 20 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
See 20 below.
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
See 20 below.
11. Number of shares, debentures or financial instruments relating to shares disposed
N/A
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13. Price pershare or value of transaction
N/A
14. Date and place of transaction
11 March 2013, London - RSA, DRSA, PSA awards, Up-front shares
10 March 2013, London - DRSS
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Name |
No of Shares |
% of ISC |
Peter Sands |
224,661 |
0.01 |
Steve Bertamini |
132,112 |
0.0055 |
Richard Meddings |
128,964 |
0.0053 |
Mike Rees |
169,835 |
0.007 |
Jaspal Bindra |
178,776 |
0.0074 |
Vis Shankar |
165,539 |
0.007 |
Tim Miller |
198,157 |
0.0082 |
Jan Verplancke |
78,723 |
0.0033 |
Tracy Clarke |
54,172 |
0.0022 |
Richard Goulding |
61,946 |
0.003 |
16. Date issuer informed of transaction
11 March 2013
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
11 March 2013
18. Period during which or date on which exercisable
(i) Up-front shares - Award of ordinary shares. Shares can be sold immediately subject to meeting the Group's shareholding requirement policy.
(ii) DRSS - Under the Company's 2006 Restricted Share Scheme deferred performance awards vest in three equal annual installments. Awards must be exercised by 7th anniversary of the grant date.
(iii) DRSA - Under the 2011 Standard Chartered Share Plan, the Deferred Restricted Share Award vests in three equal tranches on the first, second and third anniversary from the date of grant. The award must be exercised by 7th anniversary of the grant date.
(iv) PSA - Under the 2011 Standard Chartered Share Plan, the Performance Share Award vests on the third anniversary from the date of grant, subject to the satisfaction of three performance conditions. The award must be exercised by 10th anniversary of the grant date.
(v) RSA - Under the 2011 Standard Chartered Share Plan, the Restricted Share Award vests 50% on the second anniversary and 50% on the third anniversary from the date of grant. The award must be exercised by 7th anniversary of the grant date.
19. Total amount paid (if any) for grant of the option
Amount paid - Nil.
RSA, DRSA and PSA awards based on a share price of £18.00 - the higher of the five day average share price preceding the grant and closing price on the day preceding grant.
Up-Front Shares granted at a share price of £17.957 - the five day average share price preceding the grant.
DRSS - value of notional dividend is linked to the Group's interim and full year dividend and is added to the non vested portion of award. The 2013 notional dividend is 3.33%.
20. Description of shares or debentures involved (class and number)
Ordinary shares of US$0.50 each fully paid
Name |
Award Type |
No of Shares/ Options |
% of ISC |
Sir John Peace |
RSA |
13,888 |
|
Peter Sands |
DRSA |
67,399 |
|
PSA |
186,329 |
|
|
Up-front shares |
10,809 |
0.0005 |
|
DRSS |
1,767 |
|
|
Steve Bertamini |
DRSA |
37,444 |
|
PSA |
104,308 |
|
|
Up-front shares |
8,132 |
0.0003 |
|
DRSS |
858 |
|
|
Richard Meddings |
DRSA |
46,216 |
|
PSA |
126,775 |
|
|
Up-front shares |
7,412 |
0.0003 |
|
DRSS |
1,211 |
|
|
Mike Rees |
DRSA |
192,570 |
|
PSA |
150,489 |
|
|
Up-front shares |
30,884 |
0.0013 |
|
DRSS |
5,552 |
|
|
Jaspal Bindra |
DRSA |
37,444 |
|
PSA |
100,742 |
|
|
Up-front shares |
10,634 |
0.0005 |
|
DRSS |
858 |
|
|
Vis Shankar |
DRSA |
41,723 |
|
PSA |
106,983 |
|
|
Up-front shares |
13,941 |
0.0006 |
|
DRSS |
2,019 |
|
|
Tim Miller |
DRSA |
32,095 |
|
Up-front shares |
5,147 |
0.0002 |
|
DRSS |
681 |
|
|
Jan Verplancke |
DRSA |
29,955 |
|
PSA |
82,020 |
|
|
Up-front shares |
8,007 |
0.0003 |
|
DRSS |
656 |
|
|
Tracy Clarke |
DRSA |
23,536 |
|
PSA |
80,237 |
|
|
Up-front shares |
3,774 |
0.0002 |
|
DRSS |
505 |
|
|
Richard Goulding |
DRSA |
27,815 |
|
PSA |
78,454 |
|
|
Up-front shares |
4,461 |
0.0002 |
|
DRSS |
656 |
|
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
Name |
No of Options |
Peter Sands |
1,072,895 |
Steve Bertamini |
575,908 |
Richard Meddings |
718,018 |
Mike Rees |
1,373,287 |
Jaspal Bindra |
534,449 |
Vis Shankar |
579,825 |
Tim Miller |
388,274 |
Jan Verplancke |
401,502 |
Tracy Clarke |
337,723 |
Richard Goulding |
429,488 |
Sir John Peace |
143,655 |
23. Any additional information
NONE
24. Name of contact and telephone number for queries
Lee Davis, Assistant Group Secretary, 020 7885 7456
Name of authorised official of issuer responsible for making notification
Michelle Amey, Deputy Group Secretary
Date of notification
12 March 2013