Director/PDMR Shareholding

RNS Number : 7751M

Schroders PLC

28 May 2010

 



Schroders plc

Notification of Transactions by Persons Discharging Managerial Responsibilities

In accordance with Rule 3.1.2R of the Disclosure and Transparency Rules, Schroders plc was notified on 28 May 2010 of certain transactions by Directors in shares or rights to shares of the Company.  In compliance with Rule 3.1.4R of the Disclosure and Transparency Rules, Schroders plc notifies the market of the following transactions:

Long Term Incentive Plan - Award of Rights to Shares

Further to shareholder approval of the Long Term Incentive Plan ('LTIP') at the Company's AGM, the following Directors of Schroders plc acquired rights to ordinary shares of £1 each, or non-voting ordinary shares of £1 each in Schroders plc as a result of an award under the LTIP. 

	LTIP grant over ordinary shares	% of ordinary share class including	LTIP grant over non-voting ordinary shares	% of non-voting ordinary share class
Michael Dobson	59,523	0.0263	-	-
Alan Brown	22,321	0.0099	-	-
Kevin Parry	22,321	0.0099	-	-
Massimo Tosato	22,321	0.0099	-	-
Philip Mallinckrodt	-	-	28,382	0.045

Awards under the LTIP are granted for nil consideration.  The LTIP is designed as a forward looking plan which incentivises future performance and increases a participant's shareholding in the Company.  Awards are subject to performance criteria measured over a four year cycle.  This first award will vest, if and to the extent that the performance criteria have been met at the end of the four year period, in March 2014 on notification of our results for 2013.  The first four year measurement period will cover the years 2010 to 2013.  The two performance targets are net new business inflows and earnings per share growth relative to a market proxy.  Both net new business and earnings growth over the long term are key drivers of shareholder value, and by using a relative measure for earnings growth the impact of market movements on earning are excluded. 

The award price for the ordinary shares was £13.44 and £10.57 for the non-voting ordinary shares.

Graham Staples

Company Secretary

London

28 May 2010

 

END

 

 

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