Director/PDMR Shareholding

RNS Number : 3824G

Rolls-Royce Holdings plc

03 March 2015

 



3 March 2015

ROLLS-ROYCE HOLDINGS plc

Rolls-Royce Holdings plc (Company) announces that on 2 March 2015, ordinary shares in the company were transferred to the following persons discharging managerial responsibility (PDMRs) by Computershare Trustees (Jersey) Limited (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 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 2 March 2015 at 935.1863 pence per share. The details of the PDMRs who immediately sold the shares released to them at 935.1863 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	26,809	8,990	17,819	17,819
C Smith	24,143	11,348	12,795	12,795
PDMRs
M Cowdry	8,809	3,436	5,373	5,373
L Haynes	15,641	7,352	8,289	-
H Holt	6,688	3,144	3,544	-
A Wood	14,201	6,675	7,526	-

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 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 and, in addition, sold further shares from those released as set out in column D below, all of such sales at a price of 935.1863 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	43,223	14,273	28,950	28,950
C Smith	42,284	19,874	22,410	22,410
PDMRs
M Cowdry	19,934	7,775	12,159	12,159
L Haynes	27,394	12,876	14,518	14,518
H Holt	17,180	7,802	9,378	-
A Wood	24,873	11,691	13,182	9,824

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.

In addition to the transactions set out above, Miles Cowdry transferred 9,000 Ordinary Shares of 20 pence to Melanie Cowdry.  Melanie Cowdry subsequently sold a total of 17,000 Ordinary Shares on 2 March 2015 at price of 933.49 pence per share.  Following these transactions,   Miles Cowdry continues to hold a total of 105,115 Ordinary Shares of 20pence in Rolls-Royce Holdings plc. 

The Company also announces that on 2 March 2015 it made a conditional award of ordinary shares at a price of 944 pence per share to the following executive directors and PDMRs under the terms of the Rolls-Royce plc Performance Share Plan (PSP). No amount is payable for the grant of an award.            

	Number of Shares
Executive directors
C Smith	58,263
D Smith	57,204
PDMRs
M Cowdry	26,956
L Haynes	41,526
H Holt	43,433
M Humiston	42,373
A Wood	25,848

Shares awarded under the PSP will vest in March 2018 provided the performance criteria are met.

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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