Standard Life plc Director/PDMR Shareholding (2560U)
April 05 2016 - 10:28AM
UK Regulatory
TIDMSL.
RNS Number : 2560U
Standard Life plc
05 April 2016
Standard Life plc
('the Company')
Notification of Interests of Person Discharging Managerial
Responsibilities (PDMRs)
Standard Life Long Term Incentive Plan (2013) ("Group LTIP")
On 25 March 2013, the Company granted options ("awards") in the
form of nil cost options to the undernoted PDMR under the Standard
Life Group Long Term Incentive Plan (2013) ("Group LTIP"). These
awards vested, to the extent that the agreed operating profit
performance condition was met, on 25 March 2016. No consideration
was payable on the vesting of these awards.
2014 Deferred Share Awards
On 28 March 2014, the Company granted share awards ("2014
Deferred Share awards") over existing ordinary shares in the
Company to the undernoted PDMR. The level of shares granted to each
individual was equivalent to a proportion of his annual bonus for
2013. These awards vested on 28 March 2016. No consideration was
payable on the vesting of these awards.
During the vesting periods for all of the above awards, the
awards carried a right to receive dividend equivalents, to the
extent that the awards vested. The dividend equivalents were
delivered as additional shares.
Alexander Hugh
McCormack Begbie
------------------------- ------------------
Group LTIP
------------------------- ------------------
Date of exercise 04/04/16
------------------------- ------------------
Date of notification 05/04/16
------------------------- ------------------
Shares vested 58,045
------------------------- ------------------
Shares sold
to cover tax
liability 0
------------------------- ------------------
Shares sold 58,045
------------------------- ------------------
Shares acquired 0
------------------------- ------------------
Sale price GBP3.4900
------------------------- ------------------
2014 Deferred
Share Awards
------------------------- ------------------
Date of exercise 04/04/16
------------------------- ------------------
Date of notification 05/04/16
------------------------- ------------------
Shares vested 33,272
------------------------- ------------------
Shares sold
to cover tax
liability 15,678
------------------------- ------------------
Shares sold -
------------------------- ------------------
Shares acquired 17,594
------------------------- ------------------
Sale price GBP3.4900
------------------------- ------------------
Total shares
acquired via
the above transactions 17,594
------------------------- ------------------
Percentage of
share capital
acquired via
the above transactions 0.00089%
------------------------- ------------------
Following the above:
Alexander Hugh
McCormack Begbie
----------------------- ------------------
Total Shareholding
(including Connected
Persons) 113,638
----------------------- ------------------
Percentage of
Share Capital 0.0057%
----------------------- ------------------
This notice is given in fulfilment of obligations under DTR
3.1.4 (R).
5 April 2016
Enquiries:
Group Secretariat +44 (0) 131 245
Kenneth Gilmour 0751*
* Calls may be monitored and/or recorded to protect both you and
us and help with our training. Call charges will vary.
This information is provided by RNS
The company news service from the London Stock Exchange
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