As part of the group’s long-term incentive plan and based on its performance for three years to 30 September Gilbert was awarded 148,456 shares, vested at 212p each.
Gilbert was given the shares on 6 December and sold them and a further 1,236,956 shares at 212p on the same day, which the company was notified of on 9 December. Together the disposals were worth around £2.9m.
Following the sale, Gilbert still holds 4,067,508 ordinary shares in the company, which amounts to 0.58% of its issued share capital.
He also has an unconditional entitlement to a further 3,012,781 ordinary shares in respect of awards made as part of the firm’s deffered bonus schemes from 2007 to 2010, which have reached their earliest vesting dates.
Young, who is the group’s head of equities as well as MD in Asia, sold 1,595,915 ordinary shares in teh company, which were awarded under the deffered share award plan.
The shares represented an element of his annual bonus earned under the scheme in 2008, 2009 and 2010. Young also exercised 150,000 share options under the long-term incentive plan and has kept hold of these for the time being, meaning he hlds 0.01% of the firm’s issued share capital.
Both Gilbert and Young have been granted further awards of shares that are exercisable in three equal tranches over the following three years. These were granted under the 2011 annual bonus programme at a price of 199.1p per share and will vest over the period to December 2014.
Since the start of 2009 Aberdeen’s share price has increased from around 100p per share to over 200p per share, with a 52-week high of 241p and a 52-week low of 164p.
