REG - abrdn PLC - Director/PDMR Shareholding

AbrdnAnnouncement

11/04/2024 15:45

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RNS Number : 3314K  abrdn PLC  11 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 9 April 2021 and 8 April 2022, the Company granted to Stephen Bird, Chief
Executive Officer, awards under the terms of the Company's Deferred Share plan
("Awards") as a result of the deferred portion of his Annual Bonus award for
2020 and 2021 respectively. Details of these grants are set out in the 2021
and 2022 Annual Report and Accounts respectively. The Awards were 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 Awards 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 third tranche of the Award
granted 9 April 2021 and the second tranche of the Award granted 8 April 2022
are summarised as follows:

 

                                            Stephen Bird
 Deferred Share Award granted 8 April 2022
 Date of exercise                           08/04/2024
 Date of notification                       09/04/2024
 Shares under option vested                 171,065
 Shares sold to cover tax                   85,533
 Shares acquired                            85,532
 Share price at exercise                    £1.415

 

                                            Stephen Bird
 Deferred Share Award granted 9 April 2021
 Date of exercise                           09/04/2024
 Date of notification                       10/04/2024
 Shares under option vested                 38,554
 Shares sold to cover tax                   19,277
 Shares acquired                            19,277
 Share price at exercise                    £1.420

 

 

11 April 2024

 

LEI: OTMBS544NMO7GLCE7H90

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

 

 

Enquiries:

 

 Paul McKenna                     +44 (0) 7736 853 801

 Deputy Group Company Secretary

 

 

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