2nd Mar 2011 16:00
2 March 2011
ROLLS-ROYCE GROUP plc
Rolls-Royce Group plc (Company) announces that on 1 March 2011, 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 deferred awards made under the Company's Annual Performance Related Award plan (APRA) in 2009. In addition, the PDMRs sold the number of shares listed below to discharge their tax obligations arising from the release of the shares on 1 March 2011 at a price of 624.64 pence per share.
APRA Award Number of Shares Total Shares Sold to Discharge Released to Exercisable Tax Liability Certificate PDMRs Mark King 14,135 7,209 6,926 Antony Wood 8,670 4,422 4,248
The shares have been held in trust for two years and have been released by the trustee in accordance with the rules of the APRA.
The Company also awarded ordinary shares to the following PDMRs at a price of 611.70 pence per share under the rules of APRA as follows:-
Number of Shares PDMRs Mark King 25,137 Alain Michaelis 24,581 Michael Orris 13,310 Antony Wood 21,815
The APRA deferred share awards are based on Company performance and the Shares will be transferred to the PDMRs from the Rolls-Royce Group 2008 Employee Share Trust in two years time, provided that they remain an employee of a Rolls-Royce group company.
The Company also made a conditional award of ordinary shares at a price of612.33 pence per share to the following PDMRs under the terms of theRolls-Royce Group plc Performance Share Plan (PSP). No amount is payable forthe grant of an award. Number of Shares PDMRs Mark King 53,566 Alain Michaelis 44,616 Michael Orris 35,173 Antony Wood 40,762
For further information, please contact:-
Paul Davies - Deputy Company Secretary +44 (0)1332 245878
mapperRelated Shares:
Rolls-Royce