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Director/PDMR Shareholding

18 Aug 2020 14:49

RNS Number : 4906W
Standard Life Aberdeen plc
18 August 2020
 

Standard Life Aberdeen 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 EU Market Abuse Regulation.

 

On 14 August 2020 (the Grant Date) the Company granted to Stephen Bird an award under the following plan:

 

The 2020 Standard Life Aberdeen plc Executive Long Term Incentive Plan - The award has been made in the form of a nil-cost option ('2020 Executive LTIP Award') to acquire ordinary shares in the Company, subject to the rules of the Standard Life Aberdeen plc Executive Long Term Incentive Plan (the LTIP) and pre-vesting performance conditions. The award has been prorated to reflect the start of employment being part way through the performance period. The performance conditions are linked to adjusted diluted earnings per share compound annual growth rate and relative total shareholder return. Further details are set out in the Directors' Remuneration Report in the Annual Report and Accounts 2019 (page 84).

 

The Award will normally vest on the third anniversary of the Grant Date, however only to the extent that the performance conditions have been met and in accordance with, and subject to, the rules of the LTIP. The vested award is subject to a holding period to the end of the fifth anniversary of the grant date. After this date, the Award is released and may be exercised by the holder up to 10 years from the Grant Date.

 

No consideration is payable on the grant or vesting of the Award. The number of shares to which the Award relates will be increased by an additional number of shares equal in value to any dividends that would have been paid on all the shares in respect of which the Award is released, over the period from the Grant Date to the release date. 

 

Number of Shares awarded under the 2020 Standard Life Aberdeen plc Executive Long Term Incentive Plan

Executive Director

Stephen Bird

945,765

 

LEI: OTMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State

 

18 August 2020

 

Enquiries:

Paul McKenna

Deputy Group Company Secretary

+44 (0) 131 372 0703*

 

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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