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Standard Life Aberdn - Director/PDMR Shareholding

RNS Number : 5265N
Standard Life Aberdeen plc
20 May 2020
 

Standard Life Aberdeen plc

('the Company')

Notification of Interests of Executive Directors

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 

On 18 May 2020 (the Grant Date) the Company granted to each of the individuals noted below awards under the following plan:

 

The 2020 Standard Life Aberdeen plc Executive Long Term Incentive Plan - Awards have been made in the form of nil-cost options ('2020 Executive LTIP Awards') 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 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 Awards will normally vest on the third anniversary of the Grant Date, but only to the extent that the performance conditions have been met and in accordance with, and subject to, the rules of the LTIP.  Vested awards are subject to a holding period to the end of the fifth anniversary of the grant date.  After this date, they are released and may be exercised by holders up to 10 years from the Grant Date.

 

No consideration is payable on the grant or vesting of any of the Awards.  The number of shares to which each 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 Directors


Norman Keith Skeoch

859,658

Stephanie Jane Bruce

501,467

 

 

LEI: OTMBS544NMO7GLCE7H90

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

 

20 May 2020

 

Enquiries:

Group Secretariat

Kenneth Gilmour

 

+44 (0) 131 372 1175*

 

* 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 [email protected] or visit www.rns.com.
 
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Quick facts: Standard Life Aberdeen PLC

Price: 271.7

Market: LSE
Market Cap: £6.16 billion
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