Abrdn PLC

Director's Dealing • Apr 11, 2024

National Storage Mechanism | Additional information

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 Deputy Group Company Secretary	+44 (0) 7736 853 801

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