2nd Jul 2013 16:42
Standard Life plc
('the Company')
Notification of Interests of Executive Directors and Other Persons Discharging Managerial Responsibility ('PDMRs')
On 25 June 2010, the Company granted options ("awards") in the form of nil cost options to the undernoted Executive Directors and Other Persons Discharging Managerial Responsibility ('PDMRs') under the Standard Life Long Term Incentive Plan (2010) ("Group LTIP"). These awards vested at 100% on 25 June 2013. No consideration was payable on the vesting of these awards. During the vesting period the awards carried a right to receive dividend equivalents, to the extent that the awards vested. The dividend equivalents were delivered as additional shares.
PDMR | David Thomas Nish | Norman Keith Skeoch | Alexander Hugh McCormack Begbie | Paul Stephen Matthews |
Date of Exercise | 28/06/13 | 28/06/13 | 28/06/13 | 28/06/13 |
Date of Notification | 01/07/13 | 01/07/13 | 01/07/13 | 01/07/13 |
Shares Awarded Group LTIP | 778,983 | 376,061 | 135,221 | 153,110 |
Shares Vested (including dividend equivalents) | 956,312 | 461,667 | 165,999 | 187,960 |
Shares Sold to Cover Tax Liability | 450,594 | 217,528 | 78,020 | 88,563 |
Shares Sold | - | - | 87,979 | - |
Sale Price | £3.4708 | £3.5106 | £3.5106 | £3.4708 |
Shares Acquired | 505,718 | 244,139 | 0 | 99,397 |
On 16 June 2010, the Company granted options ("awards") in the form of nil cost options to Norman Keith Skeoch under the Standard Life Investments Long Term Incentive Plan ("SLI LTIP"). These awards vested at 69.5% on 16 June 2013. No consideration was payable on the vesting of these awards. During the vesting period the awards carried a right to receive dividend equivalents, to the extent that the awards vested. The dividend equivalents were delivered as additional shares.
PDMR | Norman Keith Skeoch |
Date of Exercise | 28/06/13 |
Date of Notification | 01/07/13 |
Shares Awarded SLI LTIP | 383,057 |
Shares Vested at 69.5% (including dividend equivalents) | 326,823 |
Shares Sold to Cover Tax Liability | 153,992 |
Sale Price | £3.5106 |
Shares Acquired | 172,831 |
On 25 June 2010, the Company also granted to Alexander Hugh McCormack Begbie and Paul Stephen Matthews individual awards under the Standard Life Restricted Stock Plan ('RSP Awards') over existing ordinary shares in the Company, subject to the rules of the Standard Life Long Term Restricted Stock Plan. The RSP Awards vested at 100% on 25 June 2013. No consideration was payable on the grant or vesting of these RSP Awards. During the vesting period the awards carried a right to receive dividend equivalents, to the extent that the awards vested. The dividend equivalents were delivered as additional shares.
These PDMRs have exercised their vested awards as below:
PDMR | Alexander Hugh McCormack Begbie | Paul Stephen Matthews |
Date of Exercise | 28/06/13 | 28/06/13 |
Date of Notification | 01/07/13 | 01/07/13 |
Shares Awarded RSP | 80,584 | 53,723 |
Shares Vested (including dividend equivalents) | 98,925 | 65,949 |
Shares Sold to Cover Tax Liability | 46,612 | 30,997 |
Shares Sold | - | 34,952 |
Sale Price | £3.4863 | £3.4708 |
Shares Acquired | 52,313 | 0 |
As a result of these transactions:
PDMR | David Thomas Nish | Norman Keith Skeoch | Alexander Hugh McCormack Begbie | Paul Stephen Matthews |
Total shares Acquired | 505,718 | 416,970 | 52,313 | 99,397 |
Percentage of Issued Shares Acquired | 0.0213% | 0.0175% | 0.0022% | 0.0042% |
Total Holding Following Exercise, including Connected Persons | 1,728,138 | 1,480,908 | 78,839 | 211,891 |
Percentage of Issued Shares after Acquisition | 0.0727% | 0.0623% | 0.0033% | 0.0089% |
This notice is given in fulfilment of obligations under DTR 3.1.4 (R).
2 July 2013
Enquiries:
Kenneth Gilmour, Group Secretariat, 0131 245 0751
Related Shares:
SLA.L