6th Aug 2007 16:00
STOCK EXCHANGE ANNOUNCEMENT ROLLS-ROYCE GROUP PLC 6 August 2007
The Rolls-Royce Group plc announces that on 1 August 2007, awards (Awards) to acquire ordinary shares in the Company (Shares) were granted to the following Persons Discharging Managerial Responsibility under the Rolls-Royce Group plc Performance Share Plan. No amount is payable for the grant of an Award.
No of Shares Tom Brown 30,933 Tim Rayner 31,777
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 median of the constituent companies in the FTSE 100 Index on the date of grant, the total number of shares realisable will be increased by 25 per cent. The number of shares set out in the table above is the maximum which could be released before applying the potential 25 per cent uplift.
For further information, please contact:-
Mark Alflatt - Director of Investor Relations 020 7227 9164
ROLLS-ROYCE GROUP PLCRelated Shares:
Rolls-Royce