abrdn PLC Director/PDMR Shareholding

RNS Number : 6260K

abrdn PLC

15 April 2024

 

abrdn 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 UK Market Abuse Regulation.

 

On 11 April 2023, the Company granted to Stephen Bird, Chief Executive Officer, an award under the terms of the Company's Deferred Share plan ("Award") as a result of the deferred portion of his Annual Bonus award for 2022. Details of this grant are set out in the 2023 Annual Report and Accounts. The Award was granted in the form of nil-cost options to acquire ordinary shares in the Company, subject to the rules of the Deferred Share Plan, vesting in equal one-third tranches on the first, second and third anniversary of the Grant Date.

 

During the period from the Grant Date to the Vesting Date the Award carried a right to receive an amount in additional shares equal in value to any dividends that would have been paid on such shares in respect of the portion of the Award that is released.  The dividend equivalent shares are reflected in the vested portion of the Award. 

 

Details in relation to the acquired shares from the first tranche of the Award are summarised as follows:

 

	Stephen Bird
Deferred Share Award
Date of exercise	11/04/2024
Date of notification	12/04/2024
Shares under option vested	59,884
Shares sold to cover tax	29,942
Shares acquired	29,942
Share price at exercise	£1.409

 

15 April 2024

 

LEI: OTMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of the United Kingdom

 

 

Enquiries:

 

Paul McKenna Deputy Group Company Secretary

[phone]

 

 

 

 

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