Director/PDMR Shareholding

RNS Number : 3320J

Standard Life plc

01 December 2008

 



Standard Life plc 

Standard Life plc ('the Company') was advised today by Computershare Investor Services plc that, on 25 November 2008, the under mentioned executive directors and other persons discharging managerial responsibilities acquired the following interests in ordinary shares as a result of participation in The Standard Life Share Plan:

	Number of Shares Purchased	Price and Place of Transaction
Executive Directors
Norman Keith Skeoch	47	£2.66 - UK
David Thomas Nish	47	£2.66 - UK
Other PDMRs
Marcia Dominic Campbell	47	£2.66 - UK
Nathan Richard Parnaby	47	£2.66 - UK
Joseph Iannicelli	51	C$4.84 - Canada

Each individual also received from the Company 9 free shares (except Mr Iannicelli who received the right to acquire 10 matching shares at a future date) in accordance with the share purchase matching commitment under the Share Plan.

PDMR participation in long-term incentive plan

On 6 November 2008, Michael John Conway, Group Human Resources Director, was granted long-term incentive awards as part of his recruitment terms which entitle him to acquire a maximum of 337,364 ordinary shares in the Company. No payments were made for the grants of the awards and nor will any payments be required if the awards vest because, in keeping with the Company's long-term incentive plan ('LTIP'), they have been structured as nil-cost share options.

The individual awards will normally vest as follows:

Maximum number of shares	Normal vesting date
48,801	15 May 2009
48,801	15 May 2010
27,583	15 March 2011
212,179	21 April 2011

and are subject to continued employment. The award of 212,179 shares will normally vest on 21 April 2011 but only to the extent that certain performance criteria based on return on capital are satisfied by the Company over a three-year performance period which commenced on 1 January 2008.

This notice is given in fulfilment of obligations under DTR 3.1.4 (R).

1 December 2008

Enquiries:

Kenneth Gilmour, Group Secretariat, 0131 245 0751

Barry Cameron, Media Relations, 0131 245 6165

Gordon Aitken, Investor Relations, 0131 245 6799

END

 

END

 

 

RDSFSIFWFSASEIE