Schroders PLC — Director's Dealing 2016

Mar 7, 2016

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RNS Number : 3114R

Schroders PLC

07 March 2016

Schroders plc

Notification of Transactions by Persons Discharging Managerial Responsibility and Connected Persons

In accordance with Rule 3.1.2R of the Disclosure and Transparency Rules, Schroders plc was notified on 7 March 2016 of certain transactions by Persons Discharging Managerial Responsibilities in shares or rights to shares of the Company.  In compliance with Rule 3.1.4R of the Disclosure and Transparency Rules, Schroders plc notifies the market of details of the following transactions:

Equity Compensation Plan - Award of Rights to Shares

The following Directors of Schroders plc acquired rights to ordinary shares of £1 each or non-voting ordinary shares of £1 each in Schroders plc as a result of an Equity Compensation Plan ('ECP') award granted on 7 March 2016: 

	ECP grant over ordinary shares	# % of ordinary share class	# ECP grant over non-voting ordinary shares	# % of non-voting ordinary share class
Michael Dobson	73,361	0.0325	-	-
Peter Harrison	37,157	0.0164	-	-
Richard Keers	21,913	0.0097	-	-
Philip Mallinckrodt	-	-	22,422	0.0397
Massimo Tosato	40,015	0.0177	-	-

Awards under the ECP are granted for nil consideration.  They do not give rise to any immediate entitlement to shares and are at risk of forfeiture in whole or in part before the third anniversary of the grant.  The award price for the ordinary shares was £26.24 and £20.35 for the non-voting ordinary shares.

Long Term Incentive Plan - Award of Rights to Shares

The following Directors of Schroders plc acquired rights to ordinary shares of £1 each or non-voting ordinary shares of £1 each in Schroders plc as a result of an award under the Long Term Incentive Plan ('LTIP') granted on 7 March 2016: 

	LTIP grant over ordinary shares	# % of ordinary share class	# LTIP grant over non-voting ordinary shares	# % of non-voting ordinary share class
Peter Harrison	15,243	0.0067	-	-
Richard Keers	11,432	0.0051	-	-
Philip Mallinckrodt	-	-	14,742	0.0261

Awards under the LTIP are granted for nil consideration.  The LTIP is designed as a forward looking plan which incentivises future performance and increases a participant's shareholding in the Company.  Awards are subject to performance criteria measured over a four year cycle.  This award will vest, if and to the extent that the performance criteria have been met at the end of the four year period, in March 2020 on notification of our results for 2019.  The award price for the ordinary shares was £26.24 and £20.35 for the non-voting ordinary shares.

ECP and LTIP - Exercise of Share Awards

Philip Mallinckrodt exercised his 2011 LTIP Award over 10,822 non-voting ordinary shares at nil cost.  Subsequent to the exercise, 5,102 of these shares were sold at £20.91 per share to cover tax and dealing costs.  The balance of 5,720 non-voting ordinary shares was retained.

Philip Mallinckrodt also exercised his 2006 ECP Award over 31,193 non-voting ordinary shares at nil cost.  Subsequent to the exercise, 14,705 of these shares were sold at £20.91 to cover tax and dealing costs. The balance of 16,488 non-voting ordinary shares was retained.

Matthew Whyte

Deputy Company Secretary

London

07 March 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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