13th Mar 2013 13:31
13 March 2013
ROLLS-ROYCE HOLDINGS plc
Rolls-Royce Holdings plc (Company) announces that on 12 March 2013, ordinary shares in the Company were transferred to the following person discharging managerial responsibility by EES Trustees International Ltd (the trustee of the Rolls-Royce Group 2008 Employee Share Trust) in relation to awards made under the Rolls-Royce Group plc Performance Share Plan (PSP) on 12 March 2010 at a grant price of 565.50 pence. 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 and, in addition, sold further shares from those released as set out in column D below, all of such sales at a price of 1043.25 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 |
A Heath | 20,080 | 10,433 | 9,647 | 9,647 |
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 200 per cent of salary for the Chief Executive and 150 per cent for other executive directors. This ensures that the participants have a personal financial interest in the long-term success of the business.
For further information, please contact:-
Paul Davies - Deputy Company Secretary +44 (020) 7227 9207
Simon Goodson - Director - Investor Relations +44 (020) 7227 9237
Related Shares:
Rolls-Royce