2nd Sep 2009 15:07
2 September 2009
ROLLS-ROYCE GROUP plc
Rolls-Royce Group plc announces that on 1 September 2009 ordinary shares in the Company (Shares) were conditionally awarded at a price of 452.47 pence per share to the following person discharging managerial responsibility ('PDMR') under the terms of the Rolls-Royce Group plc Performance Share Plan. No amount is payable for the grant of an Award.
Number of shares PDMR's Daniel Korte 40,182
The realisation of Awards is dependent on the achievement of corporate performance conditions as described in the Annual report. One such condition is that if the Company's total shareholder return at the end of the performance period exceeds the upper quartile of the constituent companies in the FTSE 100 Index, the total number of shares realisable will be increased by 50 per cent. The number of shares set out in the table above is the maximum which could be released before applying the potential 50 per cent uplift.
For further information, please contact:-
Paul Davies - Deputy Company Secretary +44 (0)1332 245878
mapperRelated Shares:
Rolls-Royce