13th Mar 2013 09:40
13 March 2013
ROLLS-ROYCE HOLDINGS plc
Rolls-Royce Holdings plc (Company) announces that on 11 March 2013, ordinary shares in the Company were transferred to the following executive directors and persons discharging managerial responsibility (PDMRs) by EES Trustees International Ltd (the trustee of the Rolls-Royce Group 2008 Employee Share Trust) in relation to deferred awards made under the Company's Annual Performance Related Award plan (APRA) in 2011. In addition, the executive directors and PDMRs sold the number of shares listed below to discharge their tax obligations arising from the release of the shares on 11 March 2013 at 1048.00 pence per share. The details of the executive directors and PDMRs who immediately sold the shares released to them at 1048.00 pence per share are listed below.
| APRA Award (including dividend enhancement)
| Number of Shares Sold to Discharge Tax Obligations
| Total Shares Released | Total number of shares sold on release |
J Guyette | 37,190 | 18,718 | 18,472 | - |
M Morris | 8,234 | 4,281 | 3,953 | 3,953 |
C Smith | 33,640 | 17,493 | 16,147 | - |
PDMRs | ||||
M Cowdry | 16,286 | 7,899 | 8,387 | - |
K Durrant | 7,210 | 3,749 | 3,461 | 3,461 |
L Haynes | 26,333 | 13,694 | 12,639 | - |
A Heath | 9,846 | 5,020 | 4,826 | 4,826 |
J Paterson | 28,844 | - | 28,444 | - |
The shares have been held in trust for two years and have been released by the trustee in accordance with the rules of APRA.
The Company also announces that the following shares were released to John Rishton on 11 March 2013 arising from the special grant of shares made to him on joining the Company. In addition, the Trustee sold the number of shares listed below to discharge his tax obligations arising from the release of the shares at a price of 1048.00 pence per share. Details of this award can be found on page 67 of the 2012 annual report.
| No of Shares vested
| Number of Shares Sold to Discharge Tax Liability | Total Shares Released to Certificate |
Performance related shares | 76,143 | 39,595 | 36,548 |
Restricted shares | 114,548 | 59,565 | 54,983 |
Total | 190,691 | 99,160 | 91,531 |
For further information, please contact:-
Paul Davies - Deputy Company Secretary +44 (020) 7227 9207
Simon Goodson - Director - Investor Relations +44 (020) 7227 9237
Related Shares:
Rolls-Royce