REG - Standard Chrtrd PLC - Director/PDMR Shareholding
20/03/2024 15:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240320:nRST6576Ha&default-theme=true
RNS Number : 6576H Standard Chartered PLC 20 March 2024
Standard Chartered PLC - Director/PDMR Shareholding
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Benjamin Hung
2 Reason for the notification
a) Position/status Chief Executive Officer, Asia
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Standard Chartered PLC
b) LEI U4LOSYZ7YG4W3S5F2G91
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of US$0.50 each
Identification code
ISIN: GB0004082847
b) Nature of the transaction The performance outcome of the 2021-23 LTIP vesting awards has decreased
compared with the projected values disclosed in the 2023 directors'
remuneration report. At that time, the projected performance outcome was 66
per cent. When the relative Total Shareholder Return (TSR) performance was
assessed on 15 March 2024, Standard Chartered was ranked below the median with
zero vesting for the TSR element. Therefore the final outcome was 57 per cent
and resulted in the following vesting transaction.
Vesting of the first tranche of shares under the 2021-2023 LTIP post
performance.
c) Price(s) and volume(s)
Price £ Volume
6.551 29,919
d) Aggregated information
Price £ Volume
6.551 29,919
- Aggregated volume
- Price
e) Date of the transaction 19 March 2024
f) Place of the transaction XLON London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Price £ Volume
6.551 29,919
e)
Date of the transaction
19 March 2024
f)
Place of the transaction
XLON London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tanuj Kapilashrami
2 Reason for the notification
a) Position/status Group Head, Human Resources
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Standard Chartered PLC
b) LEI U4LOSYZ7YG4W3S5F2G91
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of US$0.50 each
Identification code
ISIN: GB0004082847
b) Nature of the transaction The performance outcome of the 2021-23 LTIP vesting awards has decreased
compared with the projected values disclosed in the 2023 directors'
remuneration report. At that time, the projected performance outcome was 66
per cent. When the relative Total Shareholder Return (TSR) performance was
assessed on 15 March 2024, Standard Chartered was ranked below the median with
zero vesting for the TSR element. Therefore the final outcome was 57 per cent
and resulted in the following vesting transactions.
i) Vesting of the first tranche of shares under the 2021-2023 LTIP post
performance
ii) Sale of shares to cover tax in relation to the transaction described above
c) Price(s) and volume(s)
Price £ Volume
i) 6.551 20,746
ii) 6.551 9,771
d) Aggregated information
Price £ Volume
i) 6.551 20,746
ii) 6.551 9,771
- Aggregated volume
- Price
e) Date of the transaction 19 March 2024
f) Place of the transaction XLON London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Price £ Volume
i) 6.551 20,746
ii) 6.551 9,771
e)
Date of the transaction
19 March 2024
f)
Place of the transaction
XLON London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sunil Kaushal
2 Reason for the notification
a) Position/status Regional CEO, Africa & Middle East
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Standard Chartered PLC
b) LEI U4LOSYZ7YG4W3S5F2G91
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of US$0.50 each
Identification code
ISIN: GB0004082847
b) Nature of the transaction The performance outcome of the 2021-23 LTIP vesting awards has decreased
compared with the projected values disclosed in the 2023 directors'
remuneration report. At that time, the projected performance outcome was 66
per cent. When the relative Total Shareholder Return (TSR) performance was
assessed on 15 March 2024, Standard Chartered was ranked below the median with
zero vesting for the TSR element. Therefore the final outcome was 57 per cent
and resulted in the following vesting transaction.
Vesting of the first tranche of shares under the 2021-2023 LTIP post
performance.
c) Price(s) and volume(s)
Price £ Volume
6.551 22,737
d) Aggregated information
Price £ Volume
6.551 22,737
- Aggregated volume
- Price
e) Date of the transaction 19 March 2024
f) Place of the transaction XLON London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Price £ Volume
6.551 22,737
e)
Date of the transaction
19 March 2024
f)
Place of the transaction
XLON London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tracey McDermott
2 Reason for the notification
a) Position/status Group Head, Conduct, Financial Crime and Compliance
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Standard Chartered PLC
b) LEI U4LOSYZ7YG4W3S5F2G91
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of US$0.50 each
Identification code
ISIN: GB0004082847
b) Nature of the transaction The performance outcome of the 2021-23 LTIP vesting awards has decreased
compared with the projected values disclosed in the 2023 directors'
remuneration report. At that time, the projected performance outcome was 66
per cent. When the relative Total Shareholder Return (TSR) performance was
assessed on 15 March 2024, Standard Chartered was ranked below the median with
zero vesting for the TSR element. Therefore the final outcome was 57 per cent
and resulted in the following vesting transactions.
i) Vesting of the first tranche of shares under the 2021-2023 LTIP post
performance
ii) Sale of shares to cover tax in relation to the transaction described above
c) Price(s) and volume(s)
Price £ Volume
iii) 6.551 19,677
iv) 6.551 9,267
d) Aggregated information
Price £ Volume
iii) 6.551 19,677
iv) 6.551 9,267
- Aggregated volume
- Price
e) Date of the transaction 19 March 2024
f) Place of the transaction XLON London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Price £ Volume
iii) 6.551 19,677
iv) 6.551 9,267
e)
Date of the transaction
19 March 2024
f)
Place of the transaction
XLON London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bill Winters
2 Reason for the notification
a) Position/status Group Chief Executive
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Standard Chartered PLC
b) LEI U4LOSYZ7YG4W3S5F2G91
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of US$0.50 each
Identification code
ISIN: GB0004082847
b) Nature of the transaction The performance outcome of the 2021-23 LTIP vesting awards has decreased
compared with the projected values disclosed in the 2023 directors'
remuneration report. At that time, the projected performance outcome was 66
per cent. When the relative Total Shareholder Return (TSR) performance was
assessed on 15 March 2024, Standard Chartered was ranked below the median with
zero vesting for the TSR element. Therefore the final outcome was 57 per cent
and resulted in the following vesting transactions.
i) Vesting of the first tranche of shares under the 2021-2023 LTIP post
performance
ii) Sale of shares to cover tax in relation to the transaction described above
c) Price(s) and volume(s)
Price £ Volume
v) 6.551 85,853
vi) 6.551 40,432
d) Aggregated information
Price £ Volume
v) 6.551 85,853
vi) 6.551 40,432
- Aggregated volume
- Price
e) Date of the transaction 19 March 2024
f) Place of the transaction XLON London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
Price £ Volume
v) 6.551 85,853
vi) 6.551 40,432
e)
Date of the transaction
19 March 2024
f)
Place of the transaction
XLON London Stock Exchange
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHEBLFLZXLBBBQRecent news on Standard Chartered
See all newsREG - Standard Chrtrd PLC - Transaction in Own Shares
AnnouncementREG-Bank of New York Mellon FRN Variable Rate Fix
AnnouncementREG - Standard Chrtrd PLC - Overseas Regulatory Announcement
AnnouncementREG - Standard Chrtrd PLC - Transaction in Own Shares
AnnouncementREG - Standard Chrtrd PLC Standard Chrtrd Bank - Publication of a Prospectus
Announcement