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
Award
|
2
Year
Award
|
3
Year
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
Corbin
Chaplin
|
+44 (0) 7771 786 275
+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