Director/PDMR Shareholding

RNS Number : 8296N

Standard Life plc

17 June 2010

 



Standard Life plc

("the Company")

Notification of Interests of an Executive Director Person Discharging Managerial Responsibility

The Company yesterday granted the following awards in the form of nil-cost options ("Awards") under the Standard Life Investments Long Term Incentive Plan ("SLI LTIP").

	Number of Shares awarded under 2010 SLI LTIP Award	Number of Shares previously awarded under Standard Life 2008 and 2009 LTIP Awards and 2010 Deferred Share Awards	Total number of Shares under LTIP and Deferred Share Awards
Executive Director
Norman Keith Skeoch	383,057	488,889	871,946

The Awards granted yesterday will vest on 16 June 2013, conditional on continued employment and the performance condition defined by reference to the third party earnings before interest and tax generated by Standard Life Investments in 2010, 2011 and 2012.  The performance condition is underpinned by the requirement that investment performance of Standard Life Investments is not to be in the lower quartile of the three-year money-weighted average investment performance compared to other asset managers.

Further information is available in the Company's remuneration report for the year ended 31 December 2009.  Once vested, an Award may be exercised in the 6 months thereafter.  No consideration is payable on the grant or vesting of the Awards.

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

17 June 2010

Enquiries:

Barry Cameron, Media Relations, 0131 245 6165

Gordon Aitken, Investor Relations, 0131 245 6799

Kenneth Gilmour, Group Secretariat, 0131 245 0751

 

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