Director/PDMR Shareholding

RNS Number : 7108H

Schroders PLC

17 March 2015

 



Schroders plc

Notification of Transactions by Persons Discharging Managerial Responsibility and Connected Persons

In accordance with Rule 3.1.2R of the Disclosure and Transparency Rules, Schroders plc was notified on 16 and 17 March 2015 of certain transactions by Persons Discharging Managerial Responsibility, in the 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 the following transactions:

Michael Dobson exercised his 2010 and 2012 Equity Compensation Plan Awards granted over 59,678 and 86,849 ordinary shares and his 2011 Long Term Incentive Plan Awards grant over 22,935 ordinary shares.  Each of the Awards was granted at nil cost.

Subsequent to the exercises, 79,888 of these shares were sold at £31.84 per share to cover tax and dealing costs.  The balance of 89,574 shares was retained.  All transactions were undertaken in London on 17 March.

Massimo Tosato exercised his 2009 and 2010 Equity Compensation Plan Awards granted over 78,726 and 36,284 ordinary shares and his 2010 Long Term Incentive Plan over 8,600 ordinary shares.  Each of Awards was granted at nil cost.

Subsequent to the exercises all shares were sold.  The 115,010 ordinary shares in relation to the Equity Compensation Plan Awards were sold for £32.4474 per share and the 8,600 ordinary shares in relation to the Long Term Incentive Plan Award were sold for £32.5110. The transactions were undertaken in London on 16 and 17 March.

In addition, Massimo Tosato exercised his 2010 and 2011 Equity Compensation Plan Awards over 9,071 and 9,288 ordinary shares respectively which, in accordance with the plan rules, were cash settled at £32.08 per share. Each of the awards was granted at nil cost and the transactions were undertaken in Bermuda on 13 March.

17 March 2015

Matthew Whyte

Deputy Company Secretary

Schroders plc

Tel: [phone]

 

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