Director/PDMR Shareholding

RNS Number : 4454I

Standard Life plc

02 July 2013

 



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

 

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