Our AGM will take place in Edinburgh on Wednesday 24 April 2024 at 2pm (UK time). Shareholders can attend the meeting in person or join online.

You will be asked to consider and vote on a number of resolutions and they are listed in full on pages 4 to 6 of the AGM guide. To help make things clearer, there is an explanation of each resolution from the Chairman on pages 8 to 12 and in the resolution section of this page. 

At last year’s AGM, a number of resolutions received less than 80% of votes cast in favour of the resolution. The results of the vote were primarily driven by a small number of shareholders, and the significant majority of shareholders who voted did so in favour of the resolutions. Following the AGM, the Chairman and Jonathan Asquith, abrdn’s Senior Independent Director, met with shareholders representing more than 80% of the shares voted against the five resolutions, to understand their views. More information can be found on page 8 of the AGM guide.

Read the AGM guide 2024 [pdf]Opens in new window
Attending the AGM in person
  • Venue: Assembly Rooms, 54 George Street, Edinburgh EH2 2LR
  • Date: Wednesday 24 April 2024
  • Time: 2pm (UK time) (Doors open 12.30pm)
Directions to the venueOpens in new window
Joining the AGM online

Shareholders can join the meeting online. Access will be available one hour prior to the start of the AGM.

Join the meeting onlineOpens in new window
Questions

Shareholders can submit questions in advance or during the meeting, in person or via the online platform. The Board will answer as many questions as is practical during the meeting.

Questions in advance of the meeting can be submitted via the online platform from 2pm on Monday 15 April 2024 until 2pm on Monday 22 April 2024. These questions will not be answered ahead of the AGM but will be collated to be answered during the Question-and-Answer session.

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How to join the AGM and submit questions online

To use the online platform, you will need:

  • your Shareholder Reference Number (SRN)
  • your PIN (Your PIN is the first 2 and last 2 digits of your SRN)

Please read the online user guide for details on how to join the meeting, vote and ask questions. If you experience any difficulties, please call abrdn Shareholder Services

Sir Douglas Flint

Sir Douglas Flint CBE

Chairman

“Last year, many of the headwinds facing active asset managers grew stronger, accelerating our drive to reshape abrdn to be more resilient within and across economic cycles. We enter 2024 with a clear plan of what we need to do to build a sustainable business with good growth prospects and an efficient cost structure. Proximity to the end consumer and an understanding of their investment preferences and the route through which they choose to invest will be critical. abrdn is well positioned for this evolution in terms of the mix of our businesses and the talent and financial resources needed to succeed.”

Sir Douglas Flint CBE

Chairman

How to vote on the resolutions 

Voting online is the quickest and easiest way of making sure your vote is registered on time. Visit abrdnshares.com to complete your voting form – either by logging in to your share portal account or by using the ‘quick vote’ option. 

Voting closes on Monday 22 April 2024 at 2pm (UK time). 

To use the quick vote option, you will need: 

  • your Voting ID
  • your Task ID
  • your SRN

If you receive your communications by post, you can find these details on the paper voting form included in the AGM mailing pack we sent to you.

If you receive your communications by email, you can find your Voting ID and Task ID in your email from the Chairman – and you can find your SRN:

  • on letters or documents you received in the post from August 2021
  • on your welcome letter if you became a new shareholder after this point
  • online in your share portal account

If you are missing any of these details, please get in touch.

To ensure that your vote is counted, we strongly encourage you to appoint the chairman of the meeting as your proxy when you submit your voting instructions. If you are planning to attend the meeting in person or online, please still submit your voting instructions in advance.

The resolutions

Your board recommends that you vote ‘for’ on all of this year’s resolutions.

The directors of a company usually present each year’s annual report and accounts at the AGM. You can read our annual report and accounts 2023 and our strategic report and financial highlights 2023 document which contains a summary of the most important financial figures.

At the AGM, we will be asking you formally to receive and consider the annual report and accounts 2023, including the reports of the Directors and of the auditors on the accounts.

The Directors recommend that a final dividend is paid to shareholders. We will be asking you to approve this proposed final dividend payment for 2023 of 7.30 pence on each ordinary share.

If approved at the AGM, we plan to pay the final dividend on 30 April 2024 to shareholders whose names were on the register at close of business on 15 March 2024.

We have to appoint auditors at every general meeting where we present accounts to shareholders. The auditors’ appointment usually lasts from one AGM until the end of the following year’s AGM.

We will be asking you to re-appoint KPMG LLP as our auditors until the end of our next AGM. The audit was last subject to a tender for the financial year ended 31 December 2017. The audit for the year ended 31 December 2023 is therefore KPMG LLP’s 7th year as auditor.

It is now usual for the audit committee of a company to be authorised to agree the auditors’ fees for and on behalf of the board of directors of the relevant company.

We will be asking you to authorise the audit committee of the Company to set the auditors’ fees for 2024 for and on behalf of the Board.

The Directors’ remuneration report, setting out how much each Director received in pay and benefits in 2023, is on pages 115 to 134 of the annual report and accounts 2023.

In this resolution, we ask you to approve all parts of this report. The vote is advisory and the Directors’ entitlement to receive remuneration is not conditional on it.

Sir Douglas Flint CBE
Chairman
Appointed to the Board: November 2018
Age: 68
Nationality: British
Shares: 200,000
Board committee: Nomination and Governance Committee (Chair)


Sir Douglas’ extensive experience of board leadership in global financial services has shaped a collaborative approach which helps to facilitate open and constructive boardroom discussion. He maintains a keen interest and involvement in international, financial and governance matters, retaining an expertise which is an important asset to abrdn. This expertise, together with his prior board experience, help to focus board attention on their stewardship responsibilities as well as guiding discussion and challenge on the design and delivery of our strategy.

In other current roles, Sir Douglas is Chairman of IP Group plc and Chairman of the Royal Marsden Hospital and Charity. He is a member of a number of advisory boards and trade associations through which he keeps abreast of industry, regulatory and international affairs of relevance to his public company responsibilities. 

Previously, Sir Douglas served as Group Chairman of HSBC Holdings plc from 2010 to 2017. For 15 years prior to this he was HSBC’s group finance director, joining from KPMG where he was a partner, and from 2005 to 2011 he served as a non-executive director of BP plc. He has extensive experience of business in Asia, having been a member of both the Mayor of Shanghai and Mayor of Beijing’s Advisory Boards and currently serves on the International Advisory Panel of the Monetary Authority of Singapore.

Sir Douglas was awarded the CBE in 2006 and his knighthood in 2018, both in recognition of his service to the finance industry. In June 2022, he was awarded an honorary degree by the University of Glasgow, his alma mater, in recognition of his services to the business community.
Jonathan Asquith
Non-executive Director and Senior Independent Director
Appointed to the Board: September 2019
Age: 67
Nationality: British
Shares: 205,864
Board committees: Remuneration Committee (Chair); Nomination and Governance Committee


Jonathan has considerable experience as a non-executive director within the investment management and wealth industry. This brings important insight to his roles as Senior Independent Director and Chair of our Remuneration Committee.

Jonathan is a non-executive director of CiCap Limited and its regulated subsidiary Coller Capital Limited. He is also a non-executive director of B-FLEXION Group Holdings SA and subsidiaries including Vantage Infrastructure Holdings and Capital Four Holding A/S. At the end of 2020 he stepped down as Deputy Chair of 3i Group plc after nearly 10 years as a board member. Previously, he has been Chair of Citigroup Global Markets Limited, Citibank International Limited, Dexion Capital plc and AXA Investment Managers. He has also been a director of Tilney, Ashmore Group plc and AXA UK plc.

In his executive career Jonathan worked at Morgan Grenfell for 18 years, rising to become group finance director of Morgan Grenfell Group, before going on to take the roles of Chief Financial Officer and Chief Operating Officer at Deutsche Morgan Grenfell. From 2002 to 2008 he was a director of Schroders plc, during which time he was Chief Financial Officer and later Executive Vice Chairman.

He holds an MA from the University of Cambridge.
Stephen Bird
Chief Executive Officer
Appointed to the Board: July 2020
Age: 57
Nationality: British
Shares: 782,355


Stephen brings a track record of delivering exceptional value to clients, creating high-quality revenue and earnings growth in complex financial markets, and deep experience of business transformation during periods of technological disruption and competitive change.

Stephen joined the Board of abrdn in July 2020 as Chief Executive-Designate and was formally appointed Chief Executive Officer in September 2020. During 2021, he was appointed as an abrdn representative director to the US closed-end fund boards and the SICAV fund boards where abrdn is the appointed investment manager.

Previously, Stephen served as Chief Executive Officer of global consumer banking at Citigroup from 2015, retiring from the role in November 2019. His responsibilities encompassed all consumer and commercial banking businesses in 19 countries, including retail banking and wealth management, credit cards, mortgages, and operations and technology supporting these businesses. Prior to this, he was Chief Executive for Citigroup’s Asia Pacific business lines across 17 markets, including India and China.

Stephen joined Citigroup in 1998. Over 21 years he held leadership roles in banking, operations, and technology across its Asian and Latin American businesses. Before this, he held management positions at GE Capital, where he was director of UK operations from 1996 to 1998, and at British Steel.

Stephen is a member of the Investment Association’s board of directors, and the Financial Services Growth and Development Board in Scotland. He holds an MBA in Economics and Finance from University College Cardiff and is an Honorary Fellow.
John Devine
Non-executive Director 
Appointed to the Board: July 2016
Age: 65
Nationality: British
Shares: 52,913
Board committees: Risk and Capital Committee (Chair); Audit Committee; Nomination and Governance Committee


John’s previous roles in asset management, his experience in the US and Asia, and his background in finance, operations and technology are all areas of importance to our strategy. John’s experience is important to the board’s discussions of financial reporting and risk management. He is Chair of our Risk and Capital Committee.

John was appointed a director of our business in July 2016, at that time Standard Life plc. From April 2015 until August 2016, he was non-executive Chair of Standard Life Investments (Holdings) Limited.

He is non-executive Chair of Credit Suisse International and of Credit Suisse Securities (Europe) Limited, and a non-executive director of Citco Custody Limited and Citco Custody (UK) Limited

From 2008 to 2010, John was Chief Operating Officer of Threadneedle Asset Management Limited. Prior to this, he held a number of senior executive positions at Merrill Lynch in London, New York, Tokyo and Hong Kong.

He holds a BA (Hons) from Preston Polytechnic, and MBA in Banking from Bangor University and is a Fellow of the Chartered Institute of Public Finance and Accounting.
Hannah Grove
Non-executive Director
Appointed to the Board: September 2021
Age: 60 
Nationality: British and American 
Shares: 33,000
Board committees: Nomination and Governance Committee; Remuneration Committee


Hannah brings more than 20 years of leadership experience in the global financial services industry. Her expertise includes leading brand, client and digital marketing and communications strategies, including those for major acquisitions, which she combines with deep knowledge of regulatory and governance matters. She is also our designated non-executive director for board employee engagement and sits as a non-executive director on the boards of Standard Life Savings Limited and Elevate Portfolio Services Limited, wholly owned subsidiaries of abrdn group.

Before joining our Board, Hannah enjoyed a 22-year career at State Street. This included 12 years as Chief Marketing Officer, retiring from the role in November 2020. She was a member of the company’s management committee, its business conduct & risk, and conduct standards committees, and a board member for its China legal entity.

Before joining State Street, Hannah was marketing director for the Money Matters Institute, supported by the United Nations, the World Bank and private sector companies to foster sustainable development in emerging economies.

In other current roles, Hannah is a member of the advisory board of Irrational Capital. She has also received significant industry recognition as a champion of diversity and inclusion and is a member of the board of advisors for reboot, an organisation that aims to enhance dialogue around race both at work and across society.
Pam Kaur
Non-executive Director 
Appointed to the Board: June 2022
Age: 60
Nationality: British
Shares: Nil
Board committees: Audit Committee; Risk and Capital Committee


Pam has more than 20 years’ experience of leadership roles in business, risk, compliance, and internal audit within several of the world’s largest and most complex financial institutions during periods of significant change and public scrutiny. She brings considerable expertise in leading the development and implementation of compliance, audit and risk frameworks and adapting these to changing regulatory expectations.

Pam currently holds the role of Group Chief Risk and Compliance Officer at HSBC and is also a director of the Hong Kong Shanghai Banking Corporation. Between 2019 and 2022, she served as a non-executive director on the board of Centrica, where she was also a member of the audit and risk committee, the nomination committee and the safety, environment and sustainability committee.

Since qualifying as a chartered accountant with Ernst & Young, Pam has progressed through a range of technical, compliance, anti-fraud and risk roles with Citigroup, Lloyds TSB, Royal Bank of Scotland, Deutsche Bank and HSBC. These positions have given her extensive insight into the benefits of effective internal control systems that recognise external regulatory requirements.

She holds an MBA and B.Comm in Accountancy from Punjab University, and is a fellow of the Institute of Chartered Accountants of England and Wales.
Michael O’Brien
Non-executive Director 
Appointed to the Board: June 2022
Age: 60
Nationality: Irish
Shares: 173,780
Board committees: Audit Committee; Risk and Capital Committee


Mike has held executive leadership roles within a number of leading global asset managers in London and New York. He brings extensive asset management experience, with a key focus throughout his career on innovation and technology-driven change in support of better client outcomes. A qualified actuary, during his executive career with JP Morgan Asset Management, BlackRock Investment Management and Barclays Global Investors, he was responsible for developing and leading global investment solutions, distribution and relationship management strategies.

Mike is a non-executive director of Carne Global Financial Services Limited, and he is a senior adviser to Osmosis Investment Management. He is also an investment adviser to the British Coal Pension Funds.

Previously, Mike served on the board of the UK NAPF and was a member of the UK NAPF Defined Benefit Council. He retired in 2020 from his role as Co-Head, Global Investment Solutions at JP Morgan Asset Management. Prior to his move to BlackRock in 2000, Mike qualified as an actuary with Towers Watson, where he served as an investment and risk consultant.

Mike graduated from Limerick University with a BSc in Applied Mathematics. He is also a Chartered Financial Analyst and a Fellow of the Institute of Actuaries.
Cathleen Raffaeli
Non-executive Director
Appointed to the Board: August 2018
Age: 67
Nationality: American
Shares: 9,315
Board committees: Remuneration Committee; Risk and Capital Committee


Cathi has strong experience in the financial technology, wealth management and banking sectors with a background in the platforms sector, as well as international board experience. She brings these insights as non-executive Chair of the boards of Standard Life Savings Limited and Elevate Portfolio Services Limited, wholly owned subsidiaries of abrdn group. Her role provides a direct link between the board and the platform businesses that help us connect with clients and their advisers.

Cathi is managing partner of Hamilton White Group, LLC which offers advisory services, including business development, to companies in financial services growth markets. In addition, she is managing partner of Soho Venture Partners Inc, which offers third-party business advisory services.

Previously, Cathi was lead director of E*Trade Financial Corporation, non-executive director of Kapitall Holdings, LLC and President and Chief Executive Officer of ProAct Technologies Corporation. She was also a non-executive director of Federal Home Loan Bank of New York, where she was a member of the executive committee, and Vice Chair of both the technology committee and the compensation and human resources committee.

She holds an MBA from New York University and a BS from the University of Baltimore.
Jason Windsor
Chief Financial Officer
Appointed to the Board: October 2023
Age: 51 
Nationality: British
Shares: Nil 


Jason joined abrdn as Chief Financial Officer in October 2023, bringing over twenty-five years of experience in the financial services industry. Having held senior finance roles in investments, insurance and banking, Jason has established a strong track record of leadership in finance, asset management, M&A, and strategy.

His most recent role before joining abrdn was Chief Financial Officer of Persimmon plc. Prior to this, Jason was Group Chief Financial Officer of Aviva plc between 2019 and 2022. He had previously been Chief Financial Officer of Aviva’s UK General Insurance and UK Life businesses, Chief Capital & Investments Officer, and a director on the board of Aviva Investors.

Before joining Aviva in 2010, Jason spent 15 years at Morgan Stanley in London and Singapore, latterly as a Managing Director within its Investment Banking Division, where he advised UK and international banks, insurers and asset managers on M&A, capital raising and strategy.

Jason is a governor of Felsted School in Essex. Jason holds a BA (Hons) from the University of Oxford, with a Part II thesis in Atmospheric chemistry.

The Company has a long-standing policy not to make donations to political parties or election candidates. As detailed in our annual reports and accounts, the Company has not made any political donations since it first listed and we do not intend to change this.

But the law in the Companies Act 2006 is very broadly drafted and says that UK companies cannot incur any ‘political expenditure’ or make any ‘political donations’ to political organisations, parties or independent election candidates without shareholder approval. It is so broad that it could cover normal business activities in certain circumstances. For example, it could include the funding of seminars and other functions that politicians may be invited to and supporting organisations that are involved in policy review and law reform.

If we did fail to comply with these laws the consequences would be serious. So we are asking for your authority as a precaution, to prevent unintentional breach of the legislation.

The Directors are committed to managing the Company’s share capital effectively. Issuing shares is one of the options they review from time to time. Most listed companies renew their directors’ authority to issue shares at each AGM. This gives shareholders the chance to approve the authority regularly. It also takes account of changes in the issued share capital since the last AGM.

We will be asking you to authorise the Directors to issue extra shares up to a total nominal amount of £25,711,933. This represents up to 184,074,070 shares and 10% of our total issued share capital (rounded down to the nearest whole number) as at 29 February 2024. This authority will expire at the end of the AGM in 2025 (or 15 months after the date this resolution is passed, if that is earlier), unless it is renewed, revoked or varied before that time. The Directors do not currently intend to use the authority except to issue shares to Group employees in line with the terms of the abrdn plc (Employee) Share Plan. 

If shares are being issued for cash, the Companies Act 2006 says that those shares have to be offered to existing shareholders first, in proportion to the number of shares they already hold. This is called a pre-emption right. There may be times when it is in the Company’s best interests for the Directors to issue shares in another way.

We are asking you to authorise the Directors to do this, up to a maximum total nominal amount of £12,855,966. This represents 5% of our total issued share capital (rounded down to the nearest whole number) as at 29 February 2024. We are also asking you to authorise the Directors to make some other adjustments that may be made for technical reasons in connection with rights issues or other pre-emptive issues.

The Company has no shares in treasury and currently has no intention to hold shares in treasury. The right to sell shares held in treasury is merely intended to provide flexibility should the need arise. 

The Directors are committed to managing the Company’s share capital effectively. Buying back some of the Company’s shares is one of the options they review from time to time. The Directors will exercise the authority to make market purchases of the Company's own shares only when to do so would be in the best interest of the Company and of its shareholders generally and would lead to an increase in the Company's earnings per share.

This resolution is included to give flexibility to the Directors:

  • when deciding on the most appropriate method and timing of any such return, and
  • when managing the Company’s share capital more generally. The Company continues to monitor opportunities to sell down its stakes in listed companies in order to generate capital. Following such sales, the Board intends to use the authority granted by this resolution to return a significant proportion of the capital generated to shareholders.

If the Company did buy back any of its own shares on the market, it would be on these terms:

  • The maximum number of ordinary shares we can buy is 92,037,035. This represents 5% of our total issued share capital (rounded down to the nearest whole number) as at 29 February 2024.
  • The maximum price (not including expenses) we can pay for each share is the higher of:
    • 5% above the average middle market price of the share. This is based on the London Stock Exchange Daily Official List for the five business days immediately before the day we formally agree to buy the shares, and
    • the higher of the price of the last independent trade and the highest independent bid price taken from the London Stock Exchange Daily Official List at the time we buy the shares.
  • The lowest price (not including expenses) we can pay for each share is the nominal value of those shares.
  • The authorisation will last until our next AGM or for 15 months from the date this resolution is passed, if that is earlier.
  • If we agree to buy back shares before this authority expires, the purchase may be completed after the authority expires.
  • Any shares we buy under this authority may either be cancelled or held in treasury. Treasury shares can be cancelled by the Company, sold for cash or used for the purposes of an employee share scheme. No dividends are paid on shares held as treasury shares, and they do not have any voting rights.

This resolution reflects the current laws and regulations that apply to companies asking for authority to buy back their own shares. It also follows the relevant investor protection guidelines, which are more restrictive in some ways.

The total number of options to subscribe for ordinary shares outstanding as at 31 January 2024 is 67,013,402. These options relate to awards granted under the Company’s share plans. This represents 3.64% of the Company’s issued share capital as at 29 February 2024. If the Company bought back the maximum number of shares allowed under the authority given under this resolution and then cancelled all those shares, the total number of options outstanding would represent 3.83% of the Company’s issued share capital as at 29 February 2024. The Company currently has no shares in treasury.

The Directors are committed to managing the regulatory capital requirements and targets of the Company and the Group appropriately from time to time. Convertible Bonds are debt securities which convert into ordinary shares upon the occurrence of a specified trigger event and that are eligible to be used to meet the regulatory capital requirements applicable to the Company and/or the Group from time to time. Shareholders authorised the allotment of shares in relation to the issuance of Convertible Bonds at the 2023 AGM, on the basis that the authority would expire at the end of the 2024 AGM. The Company is therefore seeking to renew this authority.

We are asking you to authorise the Directors to allot shares and grant rights to subscribe for or to convert any security into ordinary shares in the Company up to a maximum aggregate nominal amount of £25,711,933 (equivalent to 184,074,070 shares which is 10% of the Company’s issued share capital as at 29 February 2024) in connection with the issues of Convertible Bonds. This authority is set at a level to provide maximum flexibility to allow the Directors to manage the Company’s capital structure efficiently given the dynamic regulatory requirements and market appetite for this form of capital instrument.

This authority will expire at the end of the AGM in 2025 (or 15 months after the date this resolution is passed, if that is earlier), unless it is renewed, revoked or varied before that time.

The Directors may use this authority as considered desirable to comply with or maintain compliance with regulatory capital requirements and targets applicable to the Company and/or the Group from time to time. However, the request for authority should not be taken as an indication that abrdn will or will not issue any, or any given amount of, Convertible Bonds.

If securities which convert into shares are being issued for cash, the Companies Act 2006 says that those securities have to be offered to existing shareholders first, in proportion to the number of shares they already hold. This is called a pre-emption right. There may be times when it is in the Company’s best interests for the Directors to issue securities in another way. We are asking you to authorise the Directors to do this, in relation to the Convertible Bonds that may be allotted under resolution 12, up to a maximum aggregate nominal amount of £25,711,933 (equivalent to 184,074,070 shares). This represents 10% of our total issued share capital (rounded down to the nearest whole number) as at 29 February 2024.

AGMs must always be called with 21 clear days’ notice, but other general meetings of the Company may be called on less notice if shareholders agree to a shorter period.

Our shareholders passed a resolution at our 2023 AGM agreeing that we could call general meetings (other than AGMs) on giving 14 clear days’ notice. We are proposing a similar resolution at this year’s AGM so that we can still do this if we need to. We will only use the shorter notice period where the flexibility would be helpful given the business of the meeting and where we think it is to the advantage of shareholders as a whole. So we are asking for your authority to benefit from the flexibility for another year.

If this resolution is passed, the authority will last until the 2025 AGM, when we would intend to propose a similar resolution again.

Authority is sought to approve the renewal of the existing abrdn Sharesave Plan (the ‘Sharesave’), a UK tax-advantaged plan that allows employees in the UK to be granted options to buy shares at a discount of up to 20% if they save for a period of three or five years under a savings contract. The Company has historically operated the Sharesave to encourage employee share ownership throughout the Group and to provide additional alignment between the interests of employees and shareholders. The Sharesave was originally approved by shareholders in 2011 and the Company is seeking approval to renew the Sharesave and continue to operate it on its existing terms. The Company intends to re-seek renewal of the authority after a further 10 years or as specified under the Investment Association guidelines. 

A copy of the rules of the Sharesave will be available for inspection by shareholders on the Financial Conduct Authority’s National Storage Mechanism (accessible at data.fca.org.uk/#/nsm/nationalstoragemechanism) from the date of publication of the AGM guide and at the place of the AGM for at least 15 minutes before and throughout the meeting. The main terms of the Sharesave are summarised in Appendix 1 on pages 18 to 19 of the AGM guide.

Authority is sought to approve the renewal of the existing abrdn plc (Employee) Share Plan (the ‘ESP’), which allows employees in the UK and the Republic of Ireland to acquire shares on a monthly basis and receive an award of matching shares corresponding to shares purchased. The ESP comprises three parts: Part A is a UK tax-advantaged share incentive plan; Part B is an Irish tax-approved profit sharing scheme; and Part C is an equivalent plan which may be operated for Group employees on a non-tax advantaged basis. A historic version of the ESP was established in 2006 prior to the Company’s listing on the London Stock Exchange, and Part B of the ESP was approved by shareholders in 2016. The Company is seeking approval to renew the ESP and continue to operate it on its existing terms. The Company intends to re-seek renewal of the authority after a further 10 years or as specified under the Investment Association guidelines.  

A copy of the rules of the ESP will be available for inspection by shareholders on the Financial Conduct Authority’s National Storage Mechanism (accessible at data.fca.org.uk/#/nsm/nationalstoragemechanism) from the date of publication of the AGM guide and at the place of the AGM for at least 15 minutes before and throughout the meeting. The main terms of the ESP are summarised in Appendix 2 on pages 20 to 22 of the AGM guide.

The Company's existing long-term incentive arrangement for the Company's executive directors is the abrdn plc Executive Long Term Incentive Plan (the ‘Existing LTIP’).

Since its approval by shareholders in May 2014, the Existing LTIP has provided for the grant to the Company’s executive directors  of annual share-based awards which ordinarily vest after three years and are subject to a further two-year post-vesting holding period. The vesting of awards under the Existing LTIP is subject to the executive’s continued service and the achievement of performance conditions as stipulated in the shareholder approved Directors’ Remuneration Policy. The Existing LTIP is due to reach the end of its 10-year life on 13 May 2024.

The Remuneration Committee has concluded that shareholder authority should be sought under Resolution 17 for the adoption now of the New LTIP to replace the Existing LTIP. The terms of the New LTIP have been drafted to be materially similar to the Existing LTIP but with appropriate changes to bring the New LTIP in line with prevailing best practice.  

A copy of the draft rules of the New LTIP will be available for inspection by shareholders on the Financial Conduct Authority’s National Storage Mechanism (accessible at data.fca.org.uk/#/nsm/nationalstoragemechanism) from the date of publication of the AGM guide and at the place of the AGM for at least 15 minutes before and throughout the meeting. The main terms of the New LTIP are summarised in Appendix 3 on pages 23 to 26 of the AGM guide.

Issued Share Capital – Total voting rights
On 29 February 2024 – the latest practical business day before the printing of the Notice of Annual General Meeting – the Company’s issued share capital consisted of 1,840,740,709 ordinary shares, carrying one vote each. No shares were held in treasury. Therefore, the total voting rights in the Company as at 29 February 2024 were 1,840,740,709.

Other documents and links

Documents for inspection 

Copies of these documents are available for inspection. You can see them during normal business hours from Monday to Friday (except public holidays) at 1 George Street, Edinburgh EH2 2LL and at the offices of the Company’s solicitors, Slaughter and May, One Bunhill Row, London EC1Y 8YY.

  • the Directors’ service contracts or letters of appointment
  • the Directors’ deeds of indemnity, entered into in connection with the indemnification of Directors’ provisions in the Company’s articles of association
  • the Company’s articles of association

Copies of the rules of the abrdn Sharesave Plan and the abrdn plc (Employee) Share Plan and the draft rules of the abrdn plc Executive Long Term Incentive Plan will be available for inspection on the Financial Conduct Authority’s National Storage Mechanism (accessible at https://data.fca.org.uk/#/nsm/nationalstoragemechanism) from the date of publication of the AGM guide. 

  • the rules of the abrdn Sharesave Plan
  • the abrdn plc (Employee) Share Plan
  • the draft rules of the abrdn plc Executive Long Term Incentive Plan

Copies of all documents will also be available for inspection at the place of the AGM and on this page for at least 15 minutes before and throughout the meeting.

Annual report and accounts 2023

Latest strategic and governance reports

Our leadership team