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Aberdeen Group plc, on 1 May 2026, granted conditional awards for ordinary shares under its Executive Long Term Incentive Plan to Chief Executive Officer Jason Windsor and Chief Financial Officer Siobhan Boylan. Jason Windsor received an award for 1,007,484 shares and Siobhan Boylan received an award for 356,217 shares. No consideration is payable on the grant or vesting of these awards, which are subject to performance conditions and normally vest on the third anniversary of the grant date.
| Date | 5 May 2026 |
| Time | 15:25:29 |
| Category | Director/PDMR dealings |
| ID | 1081D |
Aberdeen Group plc
('the Company')
Notification of Transactions of Person Discharging Managerial Responsibilities (PDMR)
The notification set out below is provided under Article 19 of the Market Abuse Regulation ('MAR').
On 1 May 2026 (the 'Grant Date'), the Company granted to Jason Windsor, Chief Executive Officer, and Siobhan Boylan, Chief Financial Officer, Awards in the form of conditional awards to acquire ordinary shares in the Company, under the terms of the Company's Executive Long Term Incentive Plan (the 'LTIP Plan').
|
Executive Directors |
Number of Shares awarded under the LTIP Plan |
|
Jason Windsor |
1,007,484 |
|
Siobhan Boylan |
356,217 |
The detail of the performance conditions for the performance shares element of the Awards, and the underpin for the restricted shares element of the Awards, are set out in the table below.
|
Performance shares element |
Restricted shares element |
|
|
Performance condition |
Target range1 |
Underpin |
|
Net Capital Generation per share (50% weighting) |
5% - 15% CAGR |
As set out on page 112 of the Company's annual report and accounts 2025 |
|
Relative TSR (50% weighting)2 |
Equal to median - equal to upper quartile |
|
1 Straight line vesting occurs between threshold and maximum. 25% vesting for threshold performance.
2 Relative TSR measured against the FTSE 350 Index.
Following engagement with shareholders in recent weeks, the Company's Remuneration Committee has revised the implementation of the performance shares element of the Awards to incorporate Relative TSR at a 50% weighting. Consequently, the Net Capital Generation per share measure reduces to 50% weighting of the performance shares element of the Awards.
The Awards will normally vest on the third anniversary of the Grant Date, only to the extent that the performance conditions for the performance shares element, and the underpin for the restricted shares element, have been met and in accordance with, and subject to, the rules of the LTIP Plan. Vested awards are subject to a holding period to the end of the fifth anniversary of the Grant Date.
No consideration is payable on the grant or vesting of any of the Awards set out above. The number of shares to which each Award relates will be increased by an additional number of shares equal in value to any dividends that would have been paid on all the shares in respect of which the Award is released, over the period from the Grant Date to the release date.
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Jason Windsor |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position/ status |
Chief Executive Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Aberdeen Group plc |
||||
|
b) |
LEI |
0TMBS544NMO7GLCE7H90 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification Code |
Ordinary Shares of 13 61/63 pence each in Aberdeen Group plc GB00BF8Q6K64 |
||||
|
b) |
Nature of transaction |
Grant of conditional awards under the Aberdeen Group plc Long Term Incentive Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Total Price |
1,007,484 shares Nil |
||||
|
e) |
Date of the transaction |
1 May 2026 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Siobhan Boylan |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position/ status |
Chief Financial Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Aberdeen Group plc |
||||
|
b) |
LEI |
0TMBS544NMO7GLCE7H90 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification Code |
Ordinary Shares of 13 61/63 pence each in Aberdeen Group plc GB00BF8Q6K64 |
||||
|
b) |
Nature of transaction |
Grant of conditional awards under the Aberdeen Group plc Long Term Incentive Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Total Price |
356,217 shares Nil |
||||
|
e) |
Date of the transaction |
1 May 2026 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
5 May 2026
Enquiries:
|
Group Secretariat Rose Edwards
|
+44 (0) 7971 188 901 |
|
Media Relations Duncan Young
|
+44 (0) 7920 868 865 |
|
Institutional Equity Investors Duncan Heath |
+44 (0) 207 156 2495 |
LEI number of Aberdeen Group plc: 0TMBS544NMO7GLCE7H90