16th Mar 2011 12:48
16 March 2011
ROLLS-ROYCE GROUP plc
Performance Share Plan (PSP) release
On 9 March 2011, the following ordinary shares in the Company vested in relation to awards made under the PSP. In addition, the number of shares listed below were sold on behalf of the participant on 15 March 2011 at a price of 570.76 pence per share by EES Trustees International Ltd (the trustee of the Rolls-Royce Group 2008 Employee Share Trust) to discharge tax obligations arising from the release of the shares.
No of shares Number of Shares Total Shares vested Sold to Discharge Transferred Tax Liability Executive Director James Guyette 88,340 34,110 54,230
The shares have been released by the trustee in accordance with the PSP rules following the satisfaction of performance conditions and the end of the three-year performance period applicable to the award.
Annual Performance Related Award plan (APRA) release
On 9 March 2011, the following ordinary shares in the Company vested in relation to deferred awards made under APRA in 2009. In addition, the number of shares listed below were sold on behalf of the participant on 15 March 2011 by EES Trustees International Ltd at a price of 569.86 pence per share to discharge his tax obligations arising from the release of the shares.
No of shares Number of Shares Total Shares vested Sold to Discharge Transferred Tax Liability Executive Director James Guyette 27,770 17,694 10,076
The shares have been held in trust for two years and have been released by the trustee in accordance with the APRA rules.
For further information, please contact:-
Paul Davies - Deputy Company Secretary +44 (0)1332 245878
mapperRelated Shares:
Rolls-Royce