Director/PDMR Shareholding

RNS Number : 6387G

Rolls-Royce Holdings plc

08 May 2014

 



8 May 2014

ROLLS-ROYCE HOLDINGS plc

Rolls-Royce Holdings plc (Company) announces that on 7 May 2014, ordinary shares in the company were transferred to the following persons discharging managerial responsibility (PDMRs) by EES Trustees International Ltd (the trustee of the Rolls-Royce Group 2008 Employee Share Trust) in relation to deferred awards made under the Company's Annual Performance Related Award plan (APRA) in 2012. In addition, the PDMRs sold the number of shares listed below to discharge their tax obligations arising from the release of the shares on 7 May 2014 at 1015.81 pence per share. The details of the PDMRs who immediately sold the shares released to them at 1015.81 pence per share are listed below.

	APRA Award (including dividend enhancement)	Number of Shares Sold to Discharge Tax Obligations	Total Shares Released	Total number of shares sold on release
PDMRs
J Guyette	29,216	9,873	19,343	-
M Morris	6,375	2,997	3,378	-
J Rishton	46,064	21,651	24,413	-
C Smith	27,996	13,159	14,837	14,837
PDMRs
M Cowdry	12,306	5,169	7,137	7,137
K Durrant	8,753	4,114	4,639	4,639
L Haynes	21,601	10,153	11,448	-
A Heath	12,572	5,909	6,663	6,663
A Michaelis	18,215	8,562	9,653	-
A Wood	20,001	9,401	10,600	10,600

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 executive directors and persons discharging managerial responsibility (PDMRs) in relation to awards made under the Rolls-Royce Group plc Performance Share Plan (PSP) in March 2011. 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 1015.81 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
Executive directors
J Guyette	123,608	51,619	71,989	-
M Morris	31,299	14,711	16,588	-
J Rishton	247,299	116,231	131,068	-
C Smith	112,220	52,744	59,476	59,476
PDMRs
M Cowdry	57,849	24,297	33,552	33,552
K Durrant	42,146	19,809	22,337	11,168
L Haynes	80,799	37,976	42,823	-
A Heath	54,864	25,787	29,077	29,077
A Michaelis	66,926	31,456	35,470	35,470
A Wood	61,145	28,379	32,406	19,400

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 7 May 2014 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 1015.81 pence per share.

	No of Shares vested	Number of Shares Sold to Discharge Tax Liability	Total Shares Released to Certificate
Performance related shares	95,096	44,696	50,400

For further information, please contact:-

Simon Goodson - Director - Investor Relations [phone]

 

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