11th Jun 2007 16:00
STOCK EXCHANGE ANNOUNCEMENT ROLLS-ROYCE GROUP PLC 11 June 2007Rolls-Royce Group plc announces that on 8 June 2007 ordinary shares in theCompany were transferred to the following Executive Directors and other PersonsDischarging Managerial Responsibility (together "PDMRs")by Halifax EES TrusteesInternational Ltd (the trustee of the Rolls-Royce 2003 Employee Share Trust )in relation to awards made under the Rolls-Royce Group plc Performance SharePlan ("the Plan") . In addition the number of shares listed below were sold onbehalf of the PDMRs to discharge tax obligations arising from the release ofthe shares. No of Shares Number of shares Total Shares Sold to Discharge Transferred Tax Liability Directors Sir John Rose 338,300 138,703 199,597 J P Cheffins 140,972 57,799 83,173 A B Shilston 119,190 48,868 70,332 C P Smith 30,054 12,323 17,731 PDMRs C E Blundell 55,009 22,554 32,455 B Baker 49,642 20,354 29,288 M Cowdry 60,375 24,754 35,621 Dr M Lloyd 100,854 41,351 59,503 J R Rivers 62,025 25,431 36,594 M J Terrett 100,854 41,351 59,503
The shares have been released by the trustee in accordance with the rules of the Plan following the satisfaction of performance conditions and the end of the three-year vesting period applicable to the award.
Each of the Directors by virtue of being potential beneficiaries of the trust are technically interested in all of the shares in the trust.
10,956,552 shares are held in the trust following the release of shares.
For further information, please contact:-
Mark Alflatt -Director of Financial Communications020 7227 9164
ROLLS-ROYCE GROUP PLCRelated Shares:
Rolls-Royce