REG - abrdn PLC - Director/PDMR Shareholding

AberdeenAnnouncement

06/11/2023 09:00

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RNS Number : 4160S  abrdn PLC  06 November 2023

abrdn plc

('the Company')

Notification of Interests of Executive Director

The notification set out below is provided under Article 19 of the Market
Abuse Regulation ('MAR').

 

On 2 November 2023, the Company granted to Jason Windsor the following buy out
awards  to compensate for remuneration he is forfeiting on leaving his
previous employer.

 

The awards were structured as conditional awards and were granted under a
one-off award arrangement established under Listing Rule 9.4.2(2) in order to
facilitate the recruitment of Mr Windsor.

 

The vesting timelines are the same as those which applied to the forfeited
awards. Awards granted to replace forfeited awards which were subject to
performance conditions are also subject to performance conditions. Further
details will be disclosed in abrdn's Directors' Remuneration Report for the
year ending 31 December 2023.

 

Buyout awards subject to performance conditions

Awards have been made in the form of nil-cost options to acquire ordinary
shares in the Company, subject to pre-vesting performance conditions.

 

The Awards will normally vest on the dates shown below, only to the extent
that the performance conditions have been met. Vested Awards are subject to a
holding period for two years. After this date, they are released and may be
exercised by holders up to 10 years from the date the Awards were granted.

 

 Award                                   Number of abrdn plc shares awarded  Normal Vesting Date
 2021 Long Term Incentive Buy Out Award  183,024                             25 March 2024
 2022 Long Term Incentive Buy Out Award  516,637                             March 2025*
 2023 Long Term Incentive Buy Out Award  620,854                             March 2026*

* Timing of Vesting of these Awards is dependent on the timing of announcement
of Persimmon plc results.

 

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.

 

Buyout awards not subject to performance conditions

Awards have been made in the form of nil-cost options to acquire ordinary
shares in the Company.

 

The Awards will normally vest on the dates shown below.  Awards may be
exercised by holders up to 10 years from the date the Awards were granted.

 

 

 Award                                   Number of abrdn plc shares awarded  Normal Vesting Date
 2021 Bonus Award (bought-out)           54,228                              25 March 2024
 2021 Deferred Bonus Award (bought-out)  163,171                             March 2025*
 2022 Deferred Bonus Award (bought-out)  233,212                             March 2026*

*Timing of Vesting of these Awards is dependent on the timing of announcement
of Persimmon plc results.

 

6 November 2023

 

 

Enquiries:

 

 Group Secretariat

 Paul McKenna                    +44 (0) 7736 853 801

 Media Relations

 Andrea Ward                     +44 (0) 7876 178 696

 Institutional Equity Investors

 Sarah Moody                     +44 (0) 7721 679 892

 Corbin Chaplin                  +44 (0) 7774 332 428

 

LEI: OTMBS544NMO7GLCE7H90

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

 

 

 

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