Director/PDMR Shareholding

RNS Number : 9144K

Standard Chartered PLC

30 June 2014

 



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 Regulatory Information Service notification required by the UK Financial Conduct Authority's Disclose and Transparency Rule 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 the UK Disclosure and Transparency Rule 3.1.2R;

(ii) a disclosure made in accordance with section 793 of the UK Companies Act (2006); or

(iii) in accordance with paragraph 26 of the Model Code of the UK Listing Rules.

This notification relates to a transaction notified in accordance with the UK Disclosure and Transparency Rule 3.1.2R

3. Name of person discharging managerial responsibilities/director

Jaspal Bindra, Tracy Clarke, Richard Goulding, 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

Jaspal Bindra - shares held in own name and Bedell Trustees Limited

Tracy Clarke - shares in own name, husband's name, Wealth Nominees Limited and Bedell Trustees Limited

Richard Goulding - shares held in own name and Bedell Trustees Limited

Mike Rees - shares held through Computershare Company Nominees Limited and Bedell Trustees Limited

Peter Sands - shares held through Heartwood Wealth Management Limited and Bedell Trustees Limited

V Shankar - shares held through UBS Nominees Limited and Bedell Trustees Limited

Jan Verplancke - shares held in own name and Bedell Trustees Limited

8. State the nature of the transaction

(i)         Exercise of 2011 Performance Share Awards granted in respect of the 2010 performance period ("2011 PSA") under the Company's 2011 Standard Chartered Share Plan, and the subsequent retain or sale of the shares. See clause 20 below.

(ii)         Allocation of fixed pay allowance in shares ("Share Allowance"), released over a five year period, as disclosed in the 2013 Annual Report and Accounts. 

(iii)        Purchase of ordinary shares.

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

See table in clause 20 below.

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

See table in clause 20 below.

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

See table in clause 20 below.

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

See table in clause 20 below.

13. Price pershare or value of transaction

£11.9828 - 2011 PSA and purchase of ordinary shares

£12.03 - Share Allowance

14. Date and place of transaction

27 June 2014 - London

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

See table in clause 22 below.

16. Date issuer informed of transaction

27 June 2014

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

17. Date of grant

For Share Allowance, 27 June 2014

18. Period during which or date on which exercisable

2011 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.

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

N/A

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

Ordinary shares of US$0.50 each fully paid

Name	Plan	No. originally granted	No. of options lapsed1	No. of options exercised	No. of shares retained	% of issued share capital	No. of shares sold	% of issued share capital
Peter Sands	PSA	211,526	141,025	70,501	37,282	0.0015	33,219	0.0013
Mike Rees	PSA	168,608	112,411	-	-	-	-	-
Jaspal Bindra	PSA	101,164	67,447	33,717	33,717	0.0014	-	-
Vis Shankar	PSA	76,640	51,096	25,544	-	-	25,544	0.0010
Jan Verplancke	PSA	73,574	49,052	24,522	-	-	24,522	0.0010
Tracy Clarke	PSA	61,312	40,877	20,435	9,812	0.0004	10,623	0.0004
Richard Goulding	PSA	85,836	57,227	28,609	15,128	0.0006	13,481	0.0005

Notes:

1.   Number of options lapsed due to non satisfaction of performance conditions (33.33% of the PSA vested)

Name	Transaction	No. Awarded	% of issued share capital
Peter Sands	Share Allowance	14,621	0.0006
Mike Rees	Share Allowance	13,292	0.0005
Jaspal Bindra	Share Allowance	12,257	0.0005
Vis Shankar	Share Allowance	14,421	0.0006
Jan Verplancke	Share Allowance	11,536	0.0005
Tracy Clarke	Share Allowance	7,643	0.0003
Richard Goulding	Share Allowance	7,643	0.0003

Name	Transaction	No. shares	% of issued share capital
Tracy Clarke	Purchase of ordinary shares	985	0.00004

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	Shareholding	% of issued share capital	No. of Options
Peter Sands	308,467	0.012%	777,680
Mike Rees	214,127	0.009%	1,003,972
Jaspal Bindra	199,352	0.008%	413,792
Vis Shankar	164,960	0.007%	423,838
Jan Verplancke	111,536	0.005%	332,577
Tracy Clarke	96,134	0.004%	302,558
Richard Goulding	160,553	0.007%	319,511

23. Any additional information

NONE

24. Name of contact and telephone number for queries

Alex Raistrick, Company Secretarial Assistant, 020 7885 7154

Name of authorised official of issuer responsible for making notification

Lee Davis, Assistant Group Secretary 

Date of notification

30 June 2014

 

END

 

 

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