21st Nov 2006 12:45
Standard Life plc21 November 2006 Standard Life plc Participation in long-term incentive plan David Nish, Group Finance Director of Standard Life plc, was yesterday granted along-term incentive award as part of his recruitment terms which entitles him toacquire a maximum of 118,729 ordinary shares in the Company. No payment wasmade for the grant of the award and nor will any payment be required if theaward vests because, in keeping with the Company's long-term incentive plan ('LTIP'), it has been structured as a nil-cost share option. The award will normally vest shortly following the preliminary announcement ofthe Company's results for the year-ending 31 December 2008, subject to continuedemployment and to the extent that the performance condition has been satisfied.The performance condition (which applies to the Company's 2007 and 2008financial years) is the same as that applying to the similar 2006 LTIP incentiveawards granted to executive directors earlier in the year. 21 November 2006 Enquiries: Scott White, Press Office 0131 245 5422Gordon Aitken, Investor Relations 0131 245 6799Kenneth Gilmour, Group Secretariat, 0131 245 0751 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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