Director/PDMR Shareholding

abrdn PLC
11 April 2024
 

abrdn plc

('the Company')

 

Notification of Interests of Person Discharging Managerial Responsibilities (PDMR)

 

The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.

 

On 9 April 2021 and 8 April 2022, the Company granted to Stephen Bird, Chief Executive Officer, awards under the terms of the Company's Deferred Share plan ("Awards") as a result of the deferred portion of his Annual Bonus award for 2020 and 2021 respectively. Details of these grants are set out in the 2021 and 2022 Annual Report and Accounts respectively. The Awards were granted in the form of nil-cost options to acquire ordinary shares in the Company, subject to the rules of the Deferred Share Plan, vesting in equal one-third tranches on the first, second and third anniversary of the Grant Date.

 

During the period from the Grant Date to the Vesting Date the Awards carried a right to receive an amount in additional shares equal in value to any dividends that would have been paid on such shares in respect of the portion of the Award that is released.  The dividend equivalent shares are reflected in the vested portion of the Award. 

 

Details in relation to the acquired shares from the third tranche of the Award granted 9 April 2021 and the second tranche of the Award granted 8 April 2022 are summarised as follows:

 


Stephen Bird

Deferred Share Award granted 8 April 2022


Date of exercise

08/04/2024

Date of notification

09/04/2024

Shares under option vested

171,065

Shares sold to cover tax

85,533

Shares acquired

85,532

Share price at exercise

£1.415

 


Stephen Bird

Deferred Share Award granted 9 April 2021


Date of exercise

09/04/2024

Date of notification

10/04/2024

Shares under option vested

38,554

Shares sold to cover tax

19,277

Shares acquired

19,277

Share price at exercise

£1.420

 

 

11 April 2024

 

LEI: OTMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of the United Kingdom

 

 

Enquiries:

 

 

Paul McKenna

Deputy Group Company Secretary

 

+44 (0) 7736 853 801

 

 

 

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END
 
 

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