Director/PDMR Shareholding

RNS Number : 2501L

Rolls-Royce Holdings plc

24 April 2015

 



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: [phone]                                                Tel: [phone]

[e-mail]                                      [e-mail] 

 

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