Director/PDMR Shareholding

RNS Number : 2392R

Standard Life plc

09 September 2014

 



Standard Life plc

('the Company')

Notification of Interests of Person Discharging Managerial Responsibilities (PDMR)

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 Alexander Hugh McCormack Begbie 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.

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 Alexander Hugh McCormack Begbie.  The level of shares granted 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.

	Group LTIP	2012 Deferred Share Awards
Group LTIP
Date of Exercise	08/09/14	08/09/14
Date of notification	09/09/14	09/09/14
Shares Vested	130,886	49,780
Shares Sold	130,886	49,780
Shares acquired	0	0
Sale Price	£3.9904	£3.9904
Total shares acquired via the above transaction	0	0
Percentage of Share Capital acquired via the above transactions	0	0

Following the above:

	Alexander Hugh McCormack Begbie
Total Holding	79,508
Percentage of Share Capital	0.0033%
Registered Shareholder	External nominee

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

9 September 2014

Enquiries:

Kenneth Gilmour, Group Secretariat, 0131 245 0751

 

END

 

 

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