Director/PDMR Shareholding

RNS Number : 1326E

Standard Life plc

04 April 2014

 



Standard Life plc

('the Company')

Notification of Interests of Executive Directors

Standard Life Long Term Incentive Plan (2011) ("Group LTIP")

On 31 March 2011, the Company granted options ("awards") in the form of nil cost options to the undernoted Executive Directors under the Standard Life Long Term Incentive Plan (2011) ("Group LTIP").  These awards vested, to the extent that the agreed operating profit performance condition was met, on 31 March 2014.  No consideration was payable on the vesting of these awards.

Standard Life Investments Long Term Incentive Plan (2011) ("SLI LTIP")

On 31 March 2011, 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, to the extent that the agreed SLI performance condition was met, on 31 March 2014.  No consideration was payable on the vesting of these awards.

2012 Deferred Share Awards

On 29 March 2012, the Company granted share awards ("2012 Deferred Share awards") over existing ordinary shares in the Company to the undernoted Executive Directors.  The level of shares granted to each individual was equivalent to a proportion of his annual bonus for 2011.  These awards vested on 29 March 2014.  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.

	David Thomas Nish	Norman Keith Skeoch
Group LTIP
Date of Exercise	03/04/14	02/04/14
Date of notification	04/04/14	03/04/14
Shares Vested	563,544	309,039
Shares Sold to cover tax liability	265,530	145,613
Shares acquired	298,014	163,426
Sale Price	£3.9453	£3.8529
SLI LTIP
Date of Exercise	n/a	02/04/14
Date of notification		03/04/14
Shares Vested		290,325
Shares Sold to cover tax liability		136,795
Shares acquired		153,530
Sale Price		£3.8529
2012 Deferred Share Awards
Date of Exercise	03/04/14	02/04/14
Date of notification	04/04/14	03/04/14
Shares Vested	230,861	26,218
Shares Sold to cover tax liability	108,777	12,354
Shares acquired	122,084	13,864
Sale Price	£3.9453	£3.8529
Total shares acquired via the above transactions	420,098	330,820
Percentage of Share Capital acquired via the above transactions	0.0176%	0.0138%

Following the above:

	David Thomas Nish	Norman Keith Skeoch
Total Holding	2,173,133	1,833,489
Percentage of Share Capital	0.0909%	0.0767%
Registered Shareholder	External nominee	External nominee

This notice is given in fulfilment of obligations under DTR 3.1.4 (R).

4 April 2014

Enquiries:

Kenneth Gilmour, Group Secretariat, 0131 245 0751

 

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