Standard Chartered PLC — Remuneration Information 2015

Mar 20, 2015

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RNS Number : 0422I

Standard Chartered PLC

20 March 2015

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR CONNECTED PERSONS

This form is intended for use by an issuer to make a Regulatory Information Service notification required by the UK Financial Conduct Authority's Disclose and Transparency Rule 3.1.4R(1).

1. Name of the issuer

Standard Chartered PLC

2. State whether the notification relates to:

(i) a transaction notified in accordance with the UK Disclosure and Transparency Rule 3.1.2R;

(ii) a disclosure made in accordance with section 793 of the UK Companies Act (2006); or

(iii) in accordance with paragraph 26 of the Model Code of the UK Listing Rules.

This notification relates to a transaction notified in accordance with the UK Disclosure and Transparency Rule 3.1.2R

3. Name of person discharging managerial responsibilities/director

Jaspal Bindra, Tracy Clarke, Richard Goulding, Andy Halford, Sir John Peace, Mike Rees, Peter Sands, V Shankar, Jan Verplancke

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

This notification is made in respect of holdings of persons referred to in 3. above.

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of US$0.50 each fully paid

7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Sir John Peace - shares held through BBHISL Nominees Limited

Peter Sands - shares held through Heartwood Wealth Management Limited and Bedell Trustees Limited

Mike Rees - shares held through Computershare Company Nominees Limited and Bedell Trustees Limited

Andy Halford - shares held through Mership Nominees and Bedell Trustees Limited

Jaspal Bindra - shares held in own name and Bedell Trustees Limited

V Shankar - shares held through UBS Nominees Limited and Bedell Trustees Limited

Jan Verplancke - shares held in own name and Bedell Trustees Limited

Tracy Clarke - shares in own name, husband's name, Wealth Nominees Limited and Bedell Trustees Limited

Richard Goulding - shares held in own name and Bedell Trustees Limited

8. State the nature of the transaction

(i) Allocation of shares to Sir John Peace as part of his base fee, as provided for under his contract of employment.

(ii) Allocation of fixed pay allowance delivered in shares which are released over a five year period. Further details are contained in the directors' remuneration report in the 2014 Annual Report and Accounts.

(iii) Delivery of total variable compensation (TVC) awards in respect of 2014 performance.  As outlined in the directors' remuneration report in the 2014 Annual Report and Accounts, these TVC awards are delivered through a combination of share awards:

-     An award of upfront shares (UFS) (an element of any non-deferred total variable compensation award for Code Staff employees will be delivered in the form of ordinary shares) which are then subsequently retained;

-     An allocation of deferred shares which vest over three years;

-     An allocation of underpin shares which vest after three or five years;

-     An allocation of performance shares which vest after five years.

Awards of deferred shares, underpin shares and performance shares are granted under the Company's 2011 Standard Chartered Share Plan.

See clause 20 below.

9. Number of shares, debentures or financial instruments relating to shares acquired

See clause 20 below. 

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

See clause 20 below.

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

N/A

13. Price pershare or value of transaction

£10.43

14. Date and place of transaction

19 March 2015 - London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

Name	No. of shares	% of issued share capital
Sir John Peace	42,565	0.002
Peter Sands	397,341	0.02
Mike Rees	243,754	0.01
Andy Halford	32,708	0.001
Jaspal Bindra	283,247	0.01
V Shankar	236,127	0.01
Jan Verplancke	151,380	0.006
Tracy Clarke	124,652	0.005
Richard Goulding	205,347	0.008

16. Date issuer informed of transaction

19 March 2015

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

19 March 2015

18. Period during which or date on which exercisable

Deferred shares vest in three equal annual instalments.

Underpin shares will vest on either the third or fifth anniversary of the award subject to sustained financial performance between the date of award and the third anniversary of award. 

Performance shares will vest on the fifth anniversary of grant, subject to meeting certain performance conditions which are measured after the third anniversary of award.

All awards

-     are eligible for notional dividends which are applied on vesting

-     expire on the seventh anniversary post grant (other than in the case of performance shares which expire on the tenth anniversary post grant)

-     are granted under the 2011 Standard Chartered Share Plan

19. Total amount paid (if any) for grant of the option

None 

20. Description of shares or debentures involved (class and number)

Ordinary shares of US$0.50 each fully paid

Name	Award type	Number of shares granted/awarded
Sir John Peace	Base fee in shares	13,183
Peter Sands	Fixed pay allowance	18,266
Mike Rees	Fixed pay allowance	16,606
Andy Halford	Fixed pay allowance	11,624
Upfront shares	9,210
Deferred shares	36,930
Underpin shares - three year	13,577
Underpin shares - five year	13,577
Performance shares	27,154
Jaspal Bindra	Fixed pay allowance	15,313
V Shankar	Fixed pay allowance	18,016
Jan Verplancke	Fixed pay allowance	18,016
Upfront shares	10,527
Deferred shares	27,964
Underpin shares - three year	10,281
Underpin shares - five year	10,281
Performance shares	20,562
Tracy Clarke	Fixed pay allowance	9,548
Upfront shares	6,974
Deferred shares	27,964
Underpin shares - three year	10,281
Underpin shares - five year	10,281
Performance shares	20,562
Richard Goulding	Fixed pay allowance	9,548
Upfront shares	5,260
Deferred shares	21,093
Underpin shares - three year	7,754
Underpin shares - five year	7,754
Performance shares	15,509

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

Name	No. of shares
Sir John Peace	162,797
Peter Sands	463,770
Mike Rees	851,649
Andy Halford	219,783
Jaspal Bindra	254,775
V Shankar	276,145
Jan Verplancke	323,458
Tracy Clarke	269,885
Richard Goulding	246,817

23. Any additional information

NONE

24. Name of contact and telephone number for queries

Alex Raistrick, Company Secretarial Assistant, 020 7885 7154

Name of authorised official of issuer responsible for making notification

Lee Davis, Assistant Group Secretary, 

Date of notification

20 March 2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

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