TIDMSL.
RNS Number : 1468M
Standard Life plc
26 July 2017
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON
ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF
DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Norman Keith Skeoch
---------------------------------------------------------- ----------------------------------------------------------
(b) Owner or controller of interests and short positions N/A
disclosed, if different from 1(a):
The naming of nominee or vehicle companies is
insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
---------------------------------------------------------- ----------------------------------------------------------
(c) Name of offeror/offeree in relation to whose relevant Standard Life plc
securities this form relates:
Use a separate form for each offeror/offeree
---------------------------------------------------------- ----------------------------------------------------------
(d) Status of person making the disclosure: Person acting in concert with the offeror (Standard Life
e.g. offeror, offeree, person acting in concert with the plc)
offeror/offeree (specify name of
offeror/offeree)
---------------------------------------------------------- ----------------------------------------------------------
(e) Date dealing undertaken: 25 July 2017
---------------------------------------------------------- ----------------------------------------------------------
(f) In addition to the company in 1(c) above, is the YES / NO / N/A
discloser making disclosures in respect If YES, specify which:
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
---------------------------------------------------------- ----------------------------------------------------------
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following
the dealing:
Class of relevant security: Ordinary Shares
----------------------------------------------------------------------------- ---------------------------------------
Interests Short positions
----------------------------------------------------------------------------- ------------------- ------------------
Number % Number %
----------------------------------------------------------------------------- ---------- ------- ----------- -----
(1) Relevant securities owned and/or controlled: 2,347,126 0.119A Nil Nil
----------------------------------------------------------------------------- ---------- ------- ----------- -----
(2) Cash-settled derivatives: Nil Nil Nil Nil
----------------------------------------------------------------------------- ---------- ------- ----------- -----
(3) Stock-settled derivatives (including options) and agreements to Nil Nil Nil Nil
purchase/sell:
----------------------------------------------------------------------------- ---------- ------- ----------- -----
TOTAL: 2,347,126 0.119A Nil Nil
----------------------------------------------------------------------------- ---------- ------- ----------- -----
A. Percentage calculations are based on Standard Life plc's
total number of ordinary shares in issue being 1,979,564,291.
(b) Interests held as options under Standard Life plc share plans following the dealing:
Class of Ordinary Share Vesting Exercise
Relevant Shares Plan Date** Price
Security: (under (per
option) share)
--------------- ------------ ------------------ --------------- ---------
Ordinary 171,651* Standard 24 March Nil
Shares (under Life Short 2018
option) Term Incentive
Plan
--------------- ------------ ------------------ --------------- ---------
Ordinary 19,527 Standard Vested 27 Nil
Shares (under Life Short March 2017
option) Term Incentive - exercisable
Plan until 26
September
2017
--------------- ------------ ------------------ --------------- ---------
Ordinary 112,059* Standard 27 March Nil
Shares (under Life Short 2020
option) Term Incentive
Plan
--------------- ------------ ------------------ --------------- ---------
Ordinary 1,001,766** Standard 24 March Nil
Shares (under Life Executive 2021
option) Long Term
Incentive
Plan
--------------- ------------ ------------------ --------------- ---------
Ordinary 227,913** Standard 27 March Nil
Shares (under Life Executive 2020
option) Long Term
Incentive
Plan
--------------- ------------ ------------------ --------------- ---------
Ordinary 264,562** Standard 20 May 2019 Nil
Shares (under Life Executive
option) Long Term
Incentive
Plan
--------------- ------------ ------------------ --------------- ---------
Ordinary 778,902** Standard 27 March Nil
Shares (under Life Executive 2022
option) Long Term
Incentive
Plan
--------------- ------------ ------------------ --------------- ---------
Ordinary 228,567** Standard 30 March Nil
Shares (under Life Investments 2018
option) Long Term
Incentive
Plan
--------------- ------------ ------------------ --------------- ---------
Ordinary 169,484 Standard Vested 28 Nil
Shares (under Life Investments March 2017
option) Long Term - exercisable
Incentive until 27
Plan September
2017
--------------- ------------ ------------------ --------------- ---------
Ordinary 5,292 Standard 1 November GBP2.834
Shares (under Life UK 2021
option) Sharesave
Plan
--------------- ------------ ------------------ --------------- ---------
*The vesting of the award is conditional on continued employment
and subject to other rules of the plan.
** The vesting of the award is subject to performance
conditions.
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: N/A
---------------------------------------------------------------------------- ----
Details, including nature of the rights concerned and relevant percentages: N/A
---------------------------------------------------------------------------- ----
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of
relevant securities of the offeror or offeree named in 1(c), copy
table 3(a), (b), (c) or (d) (as appropriate) for each additional
class of relevant security dealt in.
The currency of all prices and other monetary amounts should be
stated.
(a) Purchases and sales
(i) Party to an offer or person acting in concert (except for a
principal trader in the same group as a connected adviser)
Class of relevant security Purchase/sale Number of securities Price per unit
--------------------------- ---------------------------------------------- --------------------- ---------------
Ordinary Purchase (under the Standard Life Share Plan) 29 GBP4.25300
--------------------------- ---------------------------------------------- --------------------- ---------------
(ii) Principal trader where the sole reason for the connection
is that the principal trader is in the same group as a connected
adviser
Class of relevant Purchases/ sales Total number of Highest price per unit Lowest price per unit
security securities paid/received paid/received
----------------------- ----------------- ------------------------ ----------------------- -----------------------
(b) Cash-settled derivative transactions
Class of relevant Product description Nature of dealing Number of reference Price per unit
security e.g. CFD e.g. opening/closing a securities
long/short position,
increasing/reducing a
long/short position
------------------------- -------------------- ------------------------- ------------------------- ---------------
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number of Exercise Type Expiry date Option money
relevant description purchasing, securities price per e.g. paid/
security e.g. call selling, to which unit American, received per
option varying etc. option European unit
relates etc.
------------- ------------- ------------- ------------- -------------- ------------- ------------ -------------
(ii) Exercise
Class of relevant Product description Exercising/ exercised Number of securities Exercise price per
security e.g. call option against unit
----------------------- -------------------- ----------------------- --------------------- -----------------------
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if
e.g. subscription, applicable)
conversion
--------------------------- ---------------------------- ---------------------------- -----------------------------
Ordinary Shares Shares allotted under the Allotment of 11 matching Nil
Standard Life Share Plan ordinary shares under the
Standard Life Share Plan
--------------------------- ---------------------------- ---------------------------- -----------------------------
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer or person acting in concert making the
disclosure and any other person:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
--------------------------------------------------------------------------------------------
None
--------------------------------------------------------------------------------------------
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer or person acting in concert making the disclosure and any other person relating
to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
----------------------------------------------------------------------------------------------
None
----------------------------------------------------------------------------------------------
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) YES/NO
------------------------------------- -------
Supplemental Form 8 (SBL) YES/NO
------------------------------------- -------
Date of disclosure: 26 July 2017
--------------------- -----------------
Contact name: Kenneth Gilmour
--------------------- -----------------
Telephone number: (0)131 245 0751
--------------------- -----------------
Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's dealing disclosure
requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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