Standard Life plc Form 8 (DD) - Standard Life plc (1468M)

TIDMSL.

RNS Number : 1468M

Standard Life plc

26 July 2017

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                 Norman Keith Skeoch 
----------------------------------------------------------  ---------------------------------------------------------- 
 (b) Owner or controller of interests and short positions    N/A 
 disclosed, if different from 1(a): 
 The naming of nominee or vehicle companies is 
 insufficient. For a trust, the trustee(s), 
 settlor and beneficiaries must be named. 
----------------------------------------------------------  ---------------------------------------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant   Standard Life plc 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
----------------------------------------------------------  ---------------------------------------------------------- 
 (d) Status of person making the disclosure:                 Person acting in concert with the offeror (Standard Life 
 e.g. offeror, offeree, person acting in concert with the    plc) 
 offeror/offeree (specify name of 
 offeror/offeree) 
----------------------------------------------------------  ---------------------------------------------------------- 
 (e) Date dealing undertaken:                                25 July 2017 
----------------------------------------------------------  ---------------------------------------------------------- 
 (f) In addition to the company in 1(c) above, is the        YES / NO / N/A 
 discloser making disclosures in respect                      If YES, specify which: 
 of any other party to the offer? 
 If it is a cash offer or possible cash offer, state "N/A" 
----------------------------------------------------------  ---------------------------------------------------------- 
 
   2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing:

 
 Class of relevant security:                                                               Ordinary Shares 
-----------------------------------------------------------------------------  --------------------------------------- 
                                                                                    Interests         Short positions 
-----------------------------------------------------------------------------  -------------------  ------------------ 
                                                                                 Number       %        Number      % 
-----------------------------------------------------------------------------  ----------  -------  -----------  ----- 
 (1) Relevant securities owned and/or controlled:                               2,347,126   0.119A      Nil       Nil 
-----------------------------------------------------------------------------  ----------  -------  -----------  ----- 
 (2) Cash-settled derivatives:                                                     Nil       Nil        Nil       Nil 
-----------------------------------------------------------------------------  ----------  -------  -----------  ----- 
 (3) Stock-settled derivatives (including options) and agreements to               Nil       Nil        Nil       Nil 
 purchase/sell: 
-----------------------------------------------------------------------------  ----------  -------  -----------  ----- 
 
   TOTAL:                                                                       2,347,126   0.119A      Nil       Nil 
-----------------------------------------------------------------------------  ----------  -------  -----------  ----- 
 

A. Percentage calculations are based on Standard Life plc's total number of ordinary shares in issue being 1,979,564,291.

   (b)        Interests held as options under Standard Life plc share plans following the dealing: 
 
 Class of          Ordinary           Share            Vesting       Exercise 
  Relevant           Shares            Plan             Date**         Price 
  Security:          (under                                            (per 
                    option)                                           share) 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary          171,651*     Standard               24 March        Nil 
  Shares (under                  Life Short              2018 
  option)                        Term Incentive 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary           19,527      Standard              Vested 27        Nil 
  Shares (under                  Life Short           March 2017 
  option)                        Term Incentive      - exercisable 
                                 Plan                  until 26 
                                                       September 
                                                         2017 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary          112,059*     Standard               27 March        Nil 
  Shares (under                  Life Short              2020 
  option)                        Term Incentive 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary         1,001,766**   Standard               24 March        Nil 
  Shares (under                  Life Executive          2021 
  option)                        Long Term 
                                 Incentive 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary          227,913**    Standard               27 March        Nil 
  Shares (under                  Life Executive          2020 
  option)                        Long Term 
                                 Incentive 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary          264,562**    Standard             20 May 2019       Nil 
  Shares (under                  Life Executive 
  option)                        Long Term 
                                 Incentive 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary          778,902**    Standard               27 March        Nil 
  Shares (under                  Life Executive          2022 
  option)                        Long Term 
                                 Incentive 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary          228,567**    Standard               30 March        Nil 
  Shares (under                  Life Investments        2018 
  option)                        Long Term 
                                 Incentive 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary           169,484     Standard              Vested 28        Nil 
  Shares (under                  Life Investments     March 2017 
  option)                        Long Term           - exercisable 
                                 Incentive             until 27 
                                 Plan                  September 
                                                         2017 
---------------  ------------  ------------------  ---------------  --------- 
 Ordinary            5,292      Standard              1 November     GBP2.834 
  Shares (under                  Life UK                 2021 
  option)                        Sharesave 
                                 Plan 
---------------  ------------  ------------------  ---------------  --------- 
 

*The vesting of the award is conditional on continued employment and subject to other rules of the plan.

** The vesting of the award is subject to performance conditions.

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   (b)        Rights to subscribe for new securities (including directors' and other employee options) 
 
 Class of relevant security in relation to which subscription right exists:    N/A 
----------------------------------------------------------------------------  ---- 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
----------------------------------------------------------------------------  ---- 
 
   3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

   (a)        Purchases and sales 

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

 
 Class of relevant security                   Purchase/sale                   Number of securities   Price per unit 
---------------------------  ----------------------------------------------  ---------------------  --------------- 
          Ordinary            Purchase (under the Standard Life Share Plan)            29              GBP4.25300 
---------------------------  ----------------------------------------------  ---------------------  --------------- 
 

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

 
   Class of relevant      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
-----------------------  -----------------  ------------------------  -----------------------  ----------------------- 
 
 
   (b)        Cash-settled derivative transactions 
 
    Class of relevant       Product description      Nature of dealing         Number of reference      Price per unit 
         security                 e.g. CFD         e.g. opening/closing a           securities 
                                                    long/short position, 
                                                   increasing/reducing a 
                                                    long/short position 
-------------------------  --------------------  -------------------------  -------------------------  --------------- 
 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option                        European                       unit 
                                                relates                          etc. 
-------------  -------------  -------------  -------------  --------------  -------------  ------------  ------------- 
 
 
   (ii)        Exercise 
 
   Class of relevant      Product description   Exercising/ exercised    Number of securities     Exercise price per 
        security            e.g. call option           against                                           unit 
-----------------------  --------------------  -----------------------  ---------------------  ----------------------- 
 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security        Nature of dealing                  Details                  Price per unit (if 
                                  e.g. subscription,                                              applicable) 
                                      conversion 
---------------------------  ----------------------------  ----------------------------  ----------------------------- 
 Ordinary Shares              Shares allotted under the     Allotment of 11 matching      Nil 
                              Standard Life Share Plan      ordinary shares under the 
                                                            Standard Life Share Plan 
---------------------------  ----------------------------  ----------------------------  ----------------------------- 
 
   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, formal 
  or informal, relating to relevant securities which may be an inducement to deal or refrain 
  from dealing entered into by the party to the offer or person acting in concert making the 
  disclosure and any other person: 
  Irrevocable commitments and letters of intent should not be included. If there are no such 
  agreements, arrangements or understandings, state "none" 
-------------------------------------------------------------------------------------------- 
 
   None 
-------------------------------------------------------------------------------------------- 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, between the party 
  to the offer or person acting in concert making the disclosure and any other person relating 
  to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant securities to which 
  any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state "none" 
---------------------------------------------------------------------------------------------- 
 
   None 
---------------------------------------------------------------------------------------------- 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   YES/NO 
-------------------------------------  ------- 
 Supplemental Form 8 (SBL)              YES/NO 
-------------------------------------  ------- 
 
 
 Date of disclosure:    26 July 2017 
---------------------  ----------------- 
 Contact name:          Kenneth Gilmour 
---------------------  ----------------- 
 Telephone number:       (0)131 245 0751 
---------------------  ----------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 26, 2017 05:56 ET (09:56 GMT)