Notification of Interests of Executive Directors

abrdn PLC

09 April 2024

 

abrdn plc

('the Company')

Notification of Interests of Executive Directors

The notification set out below is provided under Article 19 of the Market Abuse Regulation ('MAR').

On 8 April 2024, the Company granted to each of the individuals noted below awards under the following plans:

abrdn plc Deferred Share Plan - Awards in the form of conditional awards to acquire ordinary shares in the Company, subject to the rules of the abrdn plc Deferred Share Plan ('the Deferred Share Plan').

The Awards will normally vest pro-rata on the first, second and third anniversaries of the grant date in accordance with, and subject to, the rules of the Deferred Share Plan. 

	Number of Shares awarded under the Deferred Share Plan
	1 Year Award	2 Year Award	3 Year Award
Executive Directors
Stephen Bird	93,115	93,115	93,117
Jason Windsor	8,265	8,265	8,266

abrdn plc Executive Long Term Incentive Plan - Awards have been made in the form of conditional awards ('2024 Executive LTIP Awards') to acquire ordinary shares in the Company, subject to the rules of the abrdn plc Executive Long Term Incentive Plan (the 'LTIP Plan') and pre-vesting performance conditions. The performance conditions are linked to compound annual growth rate in net capital generation per share and relative total shareholder return. Further details are set out in the 2023 annual report and accounts (page 120).

The Awards will normally vest on the third anniversary of the Grant Date, only to the extent that the performance conditions have been met and in accordance with, and subject to, the rules of the LTIP Plan. Vested awards are subject to a holding period to the end of the fifth anniversary of the grant date.

	Number of Shares awarded under the LTIP Plan
Executive Directors
Stephen Bird	2,177,545
Jason Windsor	1,079,884

In addition to the Awards set out above, the Company granted to Jason Windsor the following buyout awards to compensate for performance year 2023 bonus that he forfeited on leaving his previous employer, as set out in the 2023 annual report and accounts (page 127).

These additional awards were structured as conditional awards and were granted under a one-off award arrangement established under Listing Rule 9.4.2(2) in order to facilitate the recruitment of Mr Windsor.

Buyout awards not subject to performance conditions

Awards have been made in the form of conditional awards to acquire ordinary shares in the Company.

The Awards will normally vest pro-rata on the first, second and third anniversaries of the grant date.

Award	Number of abrdn plc shares awarded	Normal Vesting Date
2023 Deferred Bonus Award (bought-out) - Year 1	96,348	8 April 2025
2023 Deferred Bonus Award (bought-out) - Year 2	96,348	8 April 2026
2023 Deferred Bonus Award (bought-out) - Year 3	96,348	8 April 2027

No consideration is payable on the grant or vesting of any of the Awards set out above. The number of shares to which each Award relates will be increased by an additional number of shares equal in value to any dividends that would have been paid on all the shares in respect of which the Award is released, over the period from the Grant Date to the release date.

9 April 2024

Enquiries:

Group Secretariat Paul McKenna	[phone]
Media Relations Duncan Young	[phone]
Institutional Equity Investors Jo Blackshaw Corbin Chaplin	[phone] [phone]

LEI number of abrdn plc: OTMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of the United Kingdom

 

END