REG - abrdn PLC - Director/PDMR Shareholding

AberdeenAnnouncement

11/04/2022 17:00

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RNS Number : 0177I  abrdn PLC  11 April 2022

abrdn 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 8 April 2022 the Company granted to each of the individuals noted below
awards under the following plans:

 

abrdn plc Deferred Share Plan - Awards in the form of nil-cost options to
acquire ordinary shares in the Company, subject to the rules of the abrdn plc
Deferred Share Plan ('the Deferred Share Plan').

 

The Awards will normally vest pro-rata on the first, second and third
anniversaries of the grant date in accordance with, and subject to, the rules
of the Deferred Share Plan.  Awards may be exercised by holders up to 10
years from grant.

 

                       Number of Shares awarded under the Deferred Share Plan
                       1 Year               2 Year               3 Year

                       Award                Award                Award
 Executive Directors
 Stephen Bird          138,686              138,686              138,688
 Stephanie Jane Bruce  50,539               50,539               50,541

 

abrdn plc Executive Long Term Incentive Plan - Awards have been made in the
form of nil-cost options ('2022 Executive LTIP Awards') to acquire ordinary
shares in the Company, subject to the rules of the abrdn plc Executive Long
Term Incentive Plan (the 'LTIP Plan') and pre-vesting performance conditions.
The performance conditions are linked to compound annual growth rate in
adjusted diluted capital generation per share and relative total shareholder
return. Further details are set out in the Directors' Remuneration Report in
the Annual Report and Accounts 2021 (page 104).

 

The Awards will normally vest on the third anniversary of the Grant Date, only
to the extent that the performance conditions have been met and in accordance
with, and subject to, the rules of the LTIP Plan.

 

As stated in our Directors' Remuneration Policy, the Remuneration Committee
retains discretion to review award levels at the end of the period, to ensure
that outcomes appropriately reflect performance and the experience of
stakeholders.

 

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.

 

                       Number of Shares awarded under the LTIP Plan
 Executive Directors
 Stephen Bird          1,447,169
 Stephanie Jane Bruce  508,576

 

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.

 

LEI: OTMBS544NMO7GLCE7H90

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

 

11 April 2022

 

Enquiries:

 Group Secretariat

 Kenneth Gilmour    +44 (0) 131 372 1175

 

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