4th Sep 2012 14:51
ROLLS-ROYCE HOLDINGS PLC PDMR SHAREHOLDING 4 September 2012
Rolls-Royce Holdings plc (Company) announces that on 3 September 2012, ordinary shares in the Company were transferred to the following persons discharging managerial responsibility (PDMRs) by EES Trustees International Ltd (the Trustee of the Rolls-Royce Group 2008 Employee Share Trust) in relation to awards made under the Rolls-Royce Group plc Performance Share Plan (PSP) on 1 September 2009 at a grant price of 452 pence. In accordance with the rules of the PSP, the Trustee sold the number of shares listed in column B below to discharge tax obligations arising from the release and, in addition, sold further shares from those released as set out in column D below, all of such sales at a price of 832.25 pence.
A B C D Number of Number of Total Shares Total Shares Shares Sold to released number of vested Discharge Tax released Liability (A-B) shares sold PDMRs D Korte 60,273 21,223 39,050 19,524 P Morgan 50,282 24,572 25,710 12,859
All PSP participants must retain 50 per cent of the shares they receive under the PSP scheme until they retire from the Company or achieve a minimum shareholding requirement. This ensures that the participants have a personal financial interest in the long-term success of the business.
For further information, please contact:-
Paul Davies, Acting Company Secretary +44 (020) 7227 9207
Simon Goodson, Director - Investor Relations +44 (020) 7227 7237
PINXRelated Shares:
Rolls-Royce