Director/PDMR Shareholding

RNS Number : 2878Z

Schroders PLC

13 March 2012

 



Schroders plc

Notification of Transactions of Directors and Persons Discharging Material Responsibility and Connected Persons

In accordance with Rule 3.1.2R of the Disclosure and Transparency Rules, Schroders plc was notified on 12 March 2012 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 details of the following transactions:

Equity Compensation Plan - Award of Rights to Shares

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 Equity Compensation Plan ('ECP') award granted on 12 March 2012: 

	ECP grant over ordinary shares	% of ordinary share class	ECP grant over non-voting ordinary shares	% of non-voting ordinary share class (excluding treasury shares)
Michael Dobson	80,128	0.035	-	-
Alan Brown	35,653	0.016	-	-
Philip Mallinckrodt	-	-	23,514	0.042
Kevin Parry	30,044	0.013	-	-
Massimo Tosato	41,576	0.018	-	-

Awards under the Equity Compensation Plan are granted for nil consideration.  They do not give rise to any immediate entitlement to shares and are at risk of forfeiture in whole or in part before the third anniversary of the grant.  The award price for the ordinary shares was £15.60 and £12.49 for the non-voting ordinary shares.

Long Term Incentive Plan - Award of Rights to Shares

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 Long Term Incentive Plan ('LTIP') granted on 12 March 2012: 

	LTIP grant over ordinary shares	% of ordinary share class	LTIP grant over non-voting ordinary shares	% of non-voting ordinary share class (excluding treasury shares)
Michael Dobson	32,051	0.014	-	-
Kevin Parry	12,820	0.006	-	-
Massimo Tosato	12,820	0.006	-	-
Philip Mallinckrodt	-	-	16,012	0.029

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 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 2016 on notification of our results for 2015. 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 earnings is excluded.  The award price for the ordinary shares was £15.60 and £12.49 for the non-voting ordinary shares.

Helen Horton

Deputy Company Secretary

London

13 March 2012

 

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