Director/PDMR Shareholding

RNS Number : 8356Z

Standard Chartered PLC

12 March 2013

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).

1. Name of the issuer

Standard Chartered PLC

2. State whether the notification relates to:

(i) a transaction notified in accordance with DTR 3.1.2R;

(ii) a disclosure made in accordance LR 9.8.6R(1); or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

This notification relates to a transaction notified in accordance with DTR 3.1.2R

3. Name of person discharging managerial responsibilities/director

Steve Bertamini, Jaspal Bindra, Tracy Clarke, Richard Goulding, Richard Meddings, Tim Miller,  Sir John Peace, Mike Rees, Peter Sands, V Shankar, Jan Verplancke

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

This notification is made in respect of holdings of persons referred to in 3. above.

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of US$0.50 each fully paid

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Steve Bertamini - shares in own name, Royal Bank of Canada and Standard Chartered Private Bank

Jaspal Bindra - shares held in own name

Tracy Clarke - shares in own name, husband's name, and LR Nominees Limited

Richard Goulding - shares held in own name

Richard Meddings - shares held in own name and wife's name through Heartwood Wealth Management Limited

Tim Miller - shares held through Computershare Company Nominees Limited

Sir John Peace - shares held through BBHISL Nominees Limited

Mike Rees - shares held through Computershare Company Nominees Limited

Peter Sands - shares held through Heartwood Wealth Management Limited

V Shankar - shares held through UBS Nominees Limited

Jan Verplancke - shares held in own name

8. State the nature of the transaction

(i) Award of Up-front Shares (half of any non-deferred annual performance award for an employee subject to the FSA Remuneration code will be delivered in the form of ordinary shares). See 20 below.

(ii) Award of the notional dividend arising from 2011 Deferred Restricted Share Scheme awards ("DRSS") granted under the Company's 2006 Restricted Share Scheme. See clause 20 below.

(iii) Deferred Restricted Share Awards (DRSA) granted under the Company's 2011 Standard Chartered Share Plan. See 20 below.

(iv) Performance Share Awards (PSA) granted under the Company's 2011 Standard Chartered Share Plan. See 20 below.

(v) Restricted Share Awards (RSA) granted under the Company's 2011 Standard Chartered Share Plan. See 20 below.

9. Number of shares, debentures or financial instruments relating to shares acquired

See 20 below.

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

See 20 below.

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

N/A

13. Price pershare or value of transaction

N/A

14. Date and place of transaction

11 March 2013, London - RSA, DRSA, PSA awards, Up-front shares

10 March 2013, London - DRSS

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

Name	No of Shares	% of ISC
Peter Sands	224,661	0.01
Steve Bertamini	132,112	0.0055
Richard Meddings	128,964	0.0053
Mike Rees	169,835	0.007
Jaspal Bindra	178,776	0.0074
Vis Shankar	165,539	0.007
Tim Miller	198,157	0.0082
Jan Verplancke	78,723	0.0033
Tracy Clarke	54,172	0.0022
Richard Goulding	61,946	0.003

16. Date issuer informed of transaction

11 March 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

11 March 2013

18. Period during which or date on which exercisable

(i)  Up-front shares - Award of ordinary shares. Shares can be sold immediately subject to meeting the Group's shareholding requirement policy.

(ii) DRSS - Under the Company's 2006 Restricted Share Scheme deferred performance awards vest in three equal annual installments. Awards must be exercised by 7th anniversary of the grant date.

(iii) DRSA - Under the 2011 Standard Chartered Share Plan, the Deferred Restricted Share Award vests in three equal tranches on the first, second and third anniversary from the date of grant. The award must be exercised by 7th anniversary of the grant date.

(iv) PSA - Under the 2011 Standard Chartered Share Plan, the Performance Share Award vests on the third anniversary from the date of grant, subject to the satisfaction of three performance conditions. The award must be exercised by 10th anniversary of the grant date.

(v) RSA - Under the 2011 Standard Chartered Share Plan, the Restricted Share Award vests 50% on the second anniversary and 50% on the third anniversary from the date of grant. The award must be exercised by 7th anniversary of the grant date.

19. Total amount paid (if any) for grant of the option

Amount paid - Nil.

RSA, DRSA and PSA awards based on a share price of £18.00 - the higher of the five day average share price preceding the grant and closing price on the day preceding grant.

Up-Front Shares granted at a share price of £17.957 - the five day average share price preceding the grant.

DRSS - value of notional dividend is linked to the Group's interim and full year dividend and is added to the non vested portion of award. The 2013 notional dividend is 3.33%.                    

20. Description of shares or debentures involved (class and number)

Ordinary shares of US$0.50 each fully paid

Name	Award Type	No of Shares/ Options	% of ISC
Sir John Peace	RSA	13,888
Peter Sands	DRSA	67,399
	PSA	186,329
	Up-front shares	10,809	0.0005
	DRSS	1,767
Steve Bertamini	DRSA	37,444
	PSA	104,308
	Up-front shares	8,132	0.0003
	DRSS	858
Richard Meddings	DRSA	46,216
	PSA	126,775
	Up-front shares	7,412	0.0003
	DRSS	1,211
Mike Rees	DRSA	192,570
	PSA	150,489
	Up-front shares	30,884	0.0013
	DRSS	5,552
Jaspal Bindra	DRSA	37,444
	PSA	100,742
	Up-front shares	10,634	0.0005
	DRSS	858
Vis Shankar	DRSA	41,723
	PSA	106,983
	Up-front shares	13,941	0.0006
	DRSS	2,019
Tim Miller	DRSA	32,095
	Up-front shares	5,147	0.0002
	DRSS	681
Jan Verplancke	DRSA	29,955
	PSA	82,020
	Up-front shares	8,007	0.0003
	DRSS	656
Tracy Clarke	DRSA	23,536
	PSA	80,237
	Up-front shares	3,774	0.0002
	DRSS	505
Richard Goulding	DRSA	27,815
	PSA	78,454
	Up-front shares	4,461	0.0002
	DRSS	656

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

Nil

22. Total number of shares or debentures over which options held following notification

Name	No of Options
Peter Sands	1,072,895
Steve Bertamini	575,908
Richard Meddings	718,018
Mike Rees	1,373,287
Jaspal Bindra	534,449
Vis Shankar	579,825
Tim Miller	388,274
Jan Verplancke	401,502
Tracy Clarke	337,723
Richard Goulding	429,488
Sir John Peace	143,655

23. Any additional information

NONE

24. Name of contact and telephone number for queries

Lee Davis, Assistant Group Secretary, 020 7885 7456

Name of authorised official of issuer responsible for making notification

Michelle Amey, Deputy Group Secretary

Date of notification

12 March 2013

 

END

 

 

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