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Standard Chartered PLC
Director's Dealing • Mar 20, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
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
Identification code
Ordinary Shares of US$0.50 each
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
- 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
Identification code
Ordinary Shares of US$0.50 each
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
- 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
Identification code
Ordinary Shares of US$0.50 each
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
- 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
Identification code
Ordinary Shares of US$0.50 each
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
- 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
Identification code
Ordinary Shares of US$0.50 each
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
- 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
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