Standard Life plc Director/PDMR Shareholding (2560U)

TIDMSL.

RNS Number : 2560U

Standard Life plc

05 April 2016

Standard Life plc

('the Company')

Notification of Interests of Person Discharging Managerial Responsibilities (PDMRs)

Standard Life Long Term Incentive Plan (2013) ("Group LTIP")

On 25 March 2013, the Company granted options ("awards") in the form of nil cost options to the undernoted PDMR under the Standard Life Group Long Term Incentive Plan (2013) ("Group LTIP"). These awards vested, to the extent that the agreed operating profit performance condition was met, on 25 March 2016. No consideration was payable on the vesting of these awards.

2014 Deferred Share Awards

On 28 March 2014, the Company granted share awards ("2014 Deferred Share awards") over existing ordinary shares in the Company to the undernoted PDMR. The level of shares granted to each individual was equivalent to a proportion of his annual bonus for 2013. These awards vested on 28 March 2016. No consideration was payable on the vesting of these awards.

During the vesting periods for all of the above awards, the awards carried a right to receive dividend equivalents, to the extent that the awards vested. The dividend equivalents were delivered as additional shares.

 
                             Alexander Hugh 
                             McCormack Begbie 
-------------------------  ------------------ 
 Group LTIP 
-------------------------  ------------------ 
 Date of exercise               04/04/16 
-------------------------  ------------------ 
 Date of notification           05/04/16 
-------------------------  ------------------ 
 Shares vested                   58,045 
-------------------------  ------------------ 
 Shares sold 
  to cover tax 
  liability                         0 
-------------------------  ------------------ 
 Shares sold                     58,045 
-------------------------  ------------------ 
 Shares acquired                    0 
-------------------------  ------------------ 
 Sale price                     GBP3.4900 
-------------------------  ------------------ 
 2014 Deferred 
  Share Awards 
-------------------------  ------------------ 
 Date of exercise               04/04/16 
-------------------------  ------------------ 
 Date of notification           05/04/16 
-------------------------  ------------------ 
 Shares vested                   33,272 
-------------------------  ------------------ 
 Shares sold 
  to cover tax 
  liability                      15,678 
-------------------------  ------------------ 
 Shares sold                        - 
-------------------------  ------------------ 
 Shares acquired                 17,594 
-------------------------  ------------------ 
 Sale price                     GBP3.4900 
-------------------------  ------------------ 
 Total shares 
  acquired via 
  the above transactions         17,594 
-------------------------  ------------------ 
 Percentage of 
  share capital 
  acquired via 
  the above transactions        0.00089% 
-------------------------  ------------------ 
 

Following the above:

 
                           Alexander Hugh 
                           McCormack Begbie 
-----------------------  ------------------ 
   Total Shareholding 
  (including Connected 
        Persons)               113,638 
-----------------------  ------------------ 
     Percentage of 
      Share Capital            0.0057% 
-----------------------  ------------------ 
 

This notice is given in fulfilment of obligations under DTR 3.1.4 (R).

5 April 2016

Enquiries:

 
 
 Group Secretariat      [phone] 
  Kenneth Gilmour       0751* 
 

* 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 company news service from the London Stock Exchange

END

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April 05, 2016 10:28 ET (14:28 GMT)