31st Mar 2016 15:21
Standard Life plc
('the Company')
Notification of Interests of Persons 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 PDMRs 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.
Standard Life Investments Long Term Incentive Plan (2013) ("SLI LTIP")
On 25 March 2013, the Company granted options ("awards") in the form of nil cost options to the undernoted PDMRs under the Standard Life Investments Long Term Incentive Plan ("SLI LTIP"). These awards vested, to the extent that the agreed SLI 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 PDMRs. 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.
Norman Keith Skeoch
| Paul Stephen Matthews | Colin Richard Walklin | |
Group LTIP | |||
Date of exercise | 30/03/16 | 30/03/16 | n/a |
Date of notification | 31/03/16 | 31/03/16 | |
Shares vested | 112,932 | 69,654 | |
Shares sold to cover tax liability | 53,212 | 32,820 | |
Shares sold | - | - | |
Shares acquired | 59,720 | 36,834 | |
Sale price | £3.559 | £3.528 | |
SLI LTIP | |||
Date of exercise | 30/03/16 | n/a | 30/03/16 |
Date of notification | 31/03/16 | 31/03/16 | |
Shares vested | 233,233 | 146,518 | |
Shares sold to cover tax liability | 109,895 | 69,037 | |
Shares acquired | 123,338 | 77,481 | |
Sale price | £3.559 | £3.528 | |
2014 Deferred Share Awards | |||
Date of exercise | 30/03/16 | 30/03/16 | n/a |
Date of notification | 31/03/16 | 31/03/16 | |
Shares vested | 15,697 | 45,751 | |
Shares sold to cover tax liability | 7,397 | 21,557 | |
Shares sold | - | - | |
Shares acquired | 8,300 | 24,194 | |
Sale price | £3.559 | £3.528 | |
Total shares acquired via the above transactions | 191,358 | 61,028 | 77,481 |
Percentage of share capital acquired via the above transactions | 0.0097% | 0.0031% | 0.0039% |
Following the above:
Norman Keith Skeoch
| Paul Stephen Matthews | Colin Richard Walklin | |
Total Shareholding (including Connected Persons) | 2,245,694 | 236,484 | 85,667 |
Percentage of Share Capital | 0.1137% | 0.0120% | 0.0043% |
This notice is given in fulfilment of obligations under DTR 3.1.4 (R).
31 March 2016
Enquiries:
Group Secretariat Paul McKenna |
+44 (0) 131 245 1168* |
* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.
Related Shares:
SLA.L