Director/PDMR Shareholding

RNS Number : 7639T

Standard Life plc

31 March 2016

 

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

[phone]*

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

 

END

 

 

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