24th Apr 2015 10:10
24 April 2015
ROLLS-ROYCE HOLDINGS plc
Rolls-Royce Holdings plc (Company) announces that on 23 March 2015, ordinary shares in the company were transferred to the following persons discharging managerial responsibility (PDMRs) by Computershare Trustees (Jersey) Limited in relation to deferred awards made under the Company's Annual Performance Related Award plan (APRA) in 2013. In addition, the PDMRs sold the number of shares listed below to discharge their tax obligations arising from the release of the shares on 23 April 2015 at 1042 pence per share.
| APRA Award (including dividend enhancement)
| Number of Shares Sold to Discharge Tax Obligations
| Total Shares Released | Total number of shares sold on release |
PDMRs | ||||
John Rishton | 50,196 | 23,593 | 26,603 | - |
Robert Webb | 16,732 | 7,865 | 8,867 | - |
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 transferred ordinary shares to the following PDMRs in relation to awards made under the Rolls-Royce Group plc Performance Share Plan (PSP) in March 2012. 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 at a price of 1042 pence.
| A | B | C | D |
| Number of Shares vested
| Number of Shares Sold to Discharge Tax Liability
| Total Shares released (A-B) | Total number of released shares sold |
PDMR | ||||
John Rishton | 89,541 | 42,085 | 47,456 | - |
Robert Webb | 29,847 | 13,640 | 16,207 | - |
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. The minimum shareholding requirement is 250 per cent of salary for the Chief Executive and 200 per cent for other executive directors. This ensures that the participants have a personal financial interest in the long-term success of the business.
The following shares were released to John Rishton on 23 April 2015 arising from the special grant of shares made to him on joining the Company in March 2011. 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 1042 pence per share.
| No of Shares vested
| Number of Shares Sold to Discharge Tax Liability | Total Shares Released to Certificate |
Performance related shares | 27,232 | 12,800 | 14,432 |
For further information, please contact:
Investors: Media:
Jilinda Crowley Richard Wray
Acting Director - Investor Relations Director of External Communications
Rolls-Royce plc Rolls-Royce plc
Tel: +44 (0)207 227 9282 Tel: +44 (0)20 7227 9163
[email protected] [email protected]
Related Shares:
Rolls-Royce