Director/PDMR Shareholding

RNS Number : 2878Z
Schroders PLC
13 March 2012
 



 

 

 

 

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 12 March 2012 of certain transactions by Directors 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 details of the following transactions:

 

Equity Compensation Plan - Award of Rights to Shares

 

The following Directors of Schroders plc acquired rights to 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 granted on 12 March 2012: 

 


ECP grant over ordinary shares

% of ordinary share class

ECP grant over non-voting ordinary shares

% of non-voting ordinary share class (excluding treasury shares)

Michael Dobson

80,128

0.035

-

-

Alan Brown

35,653

0.016

-

-

Philip Mallinckrodt

-

-

23,514

0.042

Kevin Parry

30,044

0.013

-

-

Massimo Tosato

41,576

0.018

-

-

 

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 third anniversary of the grant.  The award price for the ordinary shares was £15.60 and £12.49 for the non-voting ordinary shares.

 

 

 

  

Long Term Incentive Plan - Award of Rights to Shares

 

The following Directors of Schroders plc acquired rights to ordinary shares of £1 each or non-voting ordinary shares of £1 each in Schroders plc as a result of an award under the Long Term Incentive Plan ('LTIP') granted on 12 March 2012: 

 


LTIP grant over ordinary shares

% of ordinary share class

LTIP grant over non-voting ordinary shares

% of non-voting ordinary share class (excluding treasury shares)

Michael Dobson

32,051

0.014

-

-

Kevin Parry

12,820

0.006

-

-

Massimo Tosato

12,820

0.006

-

-






Philip Mallinckrodt

-

-

16,012

0.029






 

Awards under the LTIP are granted for nil consideration.  The LTIP is designed as a forward looking plan which incentivises future performance and increases a participant's shareholding in the Company.  Awards are subject to performance criteria measured over a four year cycle.  This award will vest, if and to the extent that the performance criteria have been met at the end of the four year period, in March 2016 on notification of our results for 2015. The two performance targets are net new business inflows and earnings per share growth relative to a market proxy.  Both net new business and earnings growth over the long term are key drivers of shareholder value, and by using a relative measure for earnings growth the impact of market movements on earnings is excluded.  The award price for the ordinary shares was £15.60 and £12.49 for the non-voting ordinary shares.

 

 

Helen Horton

Deputy Company Secretary

London

 

13 March 2012


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