Form 8 (OPD) Standard Life plc

Released : 17.03.2017 11:15:00

RNS Number : 8103Z
Standard Life plc
17 March 2017
 

 

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

Standard Life plc

(b) Owner or controller of interests and short positions 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.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Standard Life plc

(d) Is the discloser the offeror or the offeree?

OFFEROR / OFFEREE

(e) Date position held:

     The latest practicable date prior to the disclosure

16 March 2017

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES / NO / N/A

If YES, specify which:

Aberdeen Asset Management PLC

 

2.         POSITIONS OF THE PARTY TO THE OFFER 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

 

Class of relevant security:

 

Ordinary Shares

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

0.000

Nil

0.000

(2) Cash-settled derivatives:

 

Nil

0.000

Nil

0.000

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

0.000

Nil

0.000

 

     TOTAL:

Nil

0.000

Nil

0.000

 

 

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

 

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.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

 

 

(A)  Interests held by directors of Standard Life plc and their close relatives and related trusts:

 

Class of Relevant Security:

Ordinary Shares

%

Director



Colin Martin Clark

757,766

0.038

Elizabeth Noel Harwerth

10,074

0.001

Finbar Anthony O'Dwyer

66,913

0.003

Sir Gerald Edgar Grimstone

206,626

0.010

John Devine

1,321

0.000

Kevin Allen Huw Parry

50,000

0.003

Luke Savage

938

0.000

Lynne Margaret Peacock

12,554

0.001

Martin St Clair Pike

32,727

0.002

Melanie Gee (1)

20,000

0.001

Norman Keith Skeoch

2,246,667

0.114

Pierre Danon

49,656

0.003

 

            (1)   Melanie Gee being her maiden name, Melanie Brown being her passport name.

 

 

(B)  Interests held as options by directors of Standard Life plc under its share plans:

 

Class of Relevant Security:

Ordinary Shares
(under option)

Vesting Date**

Exercise Price (per share)

Standard Life Short Term Incentive Plan

Colin Martin Clark

18,162*

24 March 2018

Nil

Luke Savage

83,470*

24 March 2018

Nil

Luke Savage

32,948*

27 March 2017

Nil

Norman Keith Skeoch

171,651*

24 March 2018

Nil

Norman Keith Skeoch

19,527*

27 March 2017

Nil





Standard Life Executive Long Term Incentive Plan

Colin Martin Clark

520,785**

24 March 2021

Nil

Finbar Anthony O'Dwyer

109,363**

24 March 2019

Nil

Finbar Anthony O'Dwyer

86,605**

27 March 2018

Nil

Finbar Anthony O'Dwyer

99,943**

20 May 2017

Nil

Luke Savage

222,418**

24 March 2021

Nil

Luke Savage

170,934**

27 March 2020


Luke Savage

205,161**

10 September 2019


Norman Keith Skeoch

1,001,766**

24 March 2021

Nil

Norman Keith Skeoch

227,913**

27 March 2020

Nil

Norman Keith Skeoch

264,562**

20 May 2019

Nil





Standard Life Restricted Stock Plan

Colin Martin Clark

182,598**

31 March 2017

Nil

Colin Martin Clark

114,282**

30 March 2018

Nil

Finbar Anthony O'Dwyer

51,412**

30 March 2018

Nil





Standard Life Investments Long Term Incentive Plan

Colin Martin Clark

457,136**

30 March 2018

Nil

Colin Martin Clark

452,393**

28 March 2017

Nil

Norman Keith Skeoch

228,567**

30 March 2018

Nil

Norman Keith Skeoch

271,435**

28 March 2017

Nil





Standard Life UK Sharesave Plan

Finbar Anthony O'Dwyer

5,522

1 November 2018

£2.716

Luke Savage

5,116

1 November 2017

£2.961

Norman Keith Skeoch

5,292

1 November 2021

£2.834

 

*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.

 

(C)  Interests held by other presumed concert parties of Standard Life plc:

 

Class of Relevant Security:

Ordinary Shares

Short Positions

Name of Concert Party

No.

%

No.

%

Goldman Sachs & Co

111

0.000

209,733(2)

0.010

JPMorgan Chase Bank, N.A.

173

0.000

Nil

0.000






 

(2)   Cash settled derivatives.

 

 

 

 

 

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).

 

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 making the disclosure or any person acting in concert with it:

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 making the disclosure, or any person acting in concert with it, 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:

17 March 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 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
 
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