REG - abrdn PLC - Notification of Interests of Executive Directors

AberdeenAnnouncement

09/04/2024 10:00

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RNS Number : 8549J  abrdn PLC  09 April 2024

abrdn plc

('the Company')

Notification of Interests of Executive Directors

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

 

On 8 April 2024, 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 conditional awards 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.

 

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

                      Award                Award                Award
 Executive Directors
 Stephen Bird         93,115               93,115               93,117
 Jason Windsor        8,265                8,265                8,266

 

abrdn plc Executive Long Term Incentive Plan - Awards have been made in the
form of conditional awards ('2024 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 net
capital generation per share and relative total shareholder return. Further
details are set out in the 2023 annual report and accounts (page 120).

 

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. Vested awards are subject to
a holding period to the end of the fifth anniversary of the grant date.

 

                      Number of Shares awarded under the LTIP Plan
 Executive Directors
 Stephen Bird         2,177,545
 Jason Windsor        1,079,884

 

In addition to the Awards set out above, the Company granted to Jason Windsor
the following buyout awards to compensate for performance year 2023 bonus that
he forfeited on leaving his previous employer, as set out in the 2023 annual
report and accounts (page 127).

 

These additional 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.

 

Buyout awards not subject to performance conditions

Awards have been made in the form of conditional awards to acquire ordinary
shares in the Company.

 

The Awards will normally vest pro-rata on the first, second and third
anniversaries of the grant date.

 

 Award                                            Number of abrdn plc shares awarded  Normal Vesting Date
 2023 Deferred Bonus Award (bought-out) - Year 1  96,348                              8 April 2025
 2023 Deferred Bonus Award (bought-out) - Year 2  96,348                              8 April 2026
 2023 Deferred Bonus Award (bought-out) - Year 3  96,348                              8 April 2027

 

No consideration is payable on the grant or vesting of any of the Awards set
out above. 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.

 

9 April 2024

 

Enquiries:

 Group Secretariat

 Paul McKenna                    +44 (0) 7736 853 801

 Media Relations

 Duncan Young                    +44 (0) 7920 868 865

 Institutional Equity Investors

 Jo Blackshaw                    +44 (0) 7771 786 275

 Corbin Chaplin                  +44 (0) 7774 332 428

 

 

LEI number of abrdn plc: OTMBS544NMO7GLCE7H90

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

 

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