Director/PDMR Shareholding

RNS Number : 3152F

Rolls-Royce Holdings plc

18 March 2022

 

18 March 2022

Rolls-Royce Holdings plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Rolls-Royce Holdings plc (the Company) announces that the following persons discharging managerial responsibilities (PDMRs) transacted in ordinary shares of 20p each in the Company due to the grant of awards under the Rolls-Royce Incentive Plan (Incentive Plan), the vest and lapse of awards under the Rolls-Royce Long-Term Incentive Plan (LTIP), and the vest of awards under the Rolls-Royce Deferred Share Bonus Plan (DSBP).

Incentive Plan

The following conditional share awards were granted under the Incentive Plan at a price of 0.9115 per share on 8 March 2022 in accordance with our Remuneration Policy approved by shareholders at the 2021 Annual General Meeting.

PDMR	Ordinary shares
Warren East	3,177,200
Panos Kakoullis	1,316,606
Sarah Armstrong	73,984
Tom Bell	736,836
Chris Cholerton	690,456
Mark Gregory	532,810
Paul Stein	458,909
Grazia Vittadini	107,802
Rob Watson	57,205

LTIP

The following LTIP shares lapsed on 15 March 2022 due to performance conditions not being met. The awards were made on 15 March 2019 and were adjusted on 12 November 2020 following the rights issue. Performance was measured over three years to 31 December 2021.

PDMR	Shares lapsed
Sarah Armstrong	41,049
Tom Bell	321,048
Rob Watson	18,024

The following LTIP shares vested on 15 March 2022. The awards were made on 15 March 2019 and were adjusted on 12 November 2020 following the rights issue.

PDMR	Shares vested	Shares sold to cover statutory withholding liabilities	Shares released to SPA
Sarah Armstrong	13,683	6,444	7,239
Rob Watson	6,008	2,830	3,178

 DSBP

The following DSBP shares vested on 16 March 2022. The awards were made on 16 March 2020 and were adjusted on 12 November 2020 following the rights issue.

PDMR	Shares vested	Shares sold to cover statutory withholding liabilities	Shares released to SPA
Warren East	210,230	99,007	111,223
Tom Bell	113,556	40,280	73,276
Chris Cholerton	104,701	49,309	55,392
Mark Gregory	64,677	30,460	34,217
Andreas Schell	69,872	36,407	33,465
Paul Stein	59,762	28,145	31,617

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Warren East
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 3,177,200
d)	Aggregated information - Aggregated volume - Price	3,177,200 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 2
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 210,230
d)	Aggregated information - Aggregated volume - Price	210,230 Nil
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 3
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9571 99,007
d)	Aggregated information - Aggregated volume - Price	99,007 £0.9571
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Panos Kakoullis
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 1,316,606
d)	Aggregated information - Aggregated volume - Price	1,316,606 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Armstrong
2	Reason for the notification
a)	Position/status	Chief People Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 73,984
d)	Aggregated information - Aggregated volume - Price	73,984 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 2
b)	Nature of the transaction	Lapse of awards made under the Rolls-Royce Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 41,049
d)	Aggregated information - Aggregated volume - Price	41,049 Nil
e)	Date of the transaction (s)	15 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 3
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 13,683
d)	Aggregated information - Aggregated volume - Price	13,683 Nil
e)	Date of the transaction (s)	15 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 4
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9094 6,444
d)	Aggregated information - Aggregated volume - Price	6,444 £0.9094
e)	Date of the transaction (s)	15 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Bell
2	Reason for the notification
a)	Position/status	President - Defence; Chairman & CEO - Rolls-Royce North America
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 736,836
d)	Aggregated information - Aggregated volume - Price	736,836 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 2
b)	Nature of the transaction	Lapse of awards made under the Rolls-Royce Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 321,048
d)	Aggregated information - Aggregated volume - Price	321,048 Nil
e)	Date of the transaction (s)	15 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 3
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 113,556
d)	Aggregated information - Aggregated volume - Price	113,556 Nil
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 4
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9571 40,280
d)	Aggregated information - Aggregated volume - Price	40,280 £0.9571
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Cholerton
2	Reason for the notification
a)	Position/status	President - Civil Aerospace
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 690,456
d)	Aggregated information - Aggregated volume - Price	690,456 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)
Transaction 2
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 104,701
d)	Aggregated information - Aggregated volume - Price	104,701 Nil
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 3
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9571 49,309
d)	Aggregated information - Aggregated volume - Price	49,309 £0.9571
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Gregory
2	Reason for the notification
a)	Position/status	General Counsel
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 532,810
d)	Aggregated information - Aggregated volume - Price	532,810 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)
Transaction 2
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 64,677
d)	Aggregated information - Aggregated volume - Price	64,677 Nil
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 3
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9571 30,460
d)	Aggregated information - Aggregated volume - Price	30,460 £0.9571
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andreas Schell
2	Reason for the notification
a)	Position/status	CEO - Rolls-Royce Power Systems AG
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 69,872
d)	Aggregated information - Aggregated volume - Price	69,872 Nil
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 2
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9571 36,407
d)	Aggregated information - Aggregated volume - Price	36,407 £0.9571
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Stein
2	Reason for the notification
a)	Position/status	Chair - Rolls-Royce SMR Limited
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 458,909
d)	Aggregated information - Aggregated volume - Price	458,909 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)
Transaction 2
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Deferred Share Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 59,762
d)	Aggregated information - Aggregated volume - Price	59,762 Nil
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 3
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9571 28,145
d)	Aggregated information - Aggregated volume - Price	28,145 £0.9571
e)	Date of the transaction (s)	16 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Grazia Vittadini
2	Reason for the notification
a)	Position/status	Chief Technology and Strategy Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 107,802
d)	Aggregated information - Aggregated volume - Price	107,802 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rob Watson
2	Reason for the notification
a)	Position/status	President - Rolls-Royce Electrical
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rolls-Royce Holdings plc
b)	LEI	213800EC7997ZBLZJH69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 20p each GB00B63H8491
Transaction 1
b)	Nature of the transaction	Grant of awards made under the Rolls-Royce Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9115 57,205
d)	Aggregated information - Aggregated volume - Price	57,205 £0.9115
e)	Date of the transaction (s)	8 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 2
b)	Nature of the transaction	Lapse of awards made under the Rolls-Royce Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 18,024
d)	Aggregated information - Aggregated volume - Price	18,024 Nil
e)	Date of the transaction (s)	15 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 3
b)	Nature of the transaction	Vest of awards made under the Rolls-Royce Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 6,008
d)	Aggregated information - Aggregated volume - Price	6,008 Nil
e)	Date of the transaction (s)	15 March 2022
f)	Place of the transaction (s)	Outside a trading venue
Transaction 4
b)	Nature of the transaction	Sale of shares to cover statutory withholding liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9094 2,830
d)	Aggregated information - Aggregated volume - Price	2,830 £0.9094
e)	Date of the transaction (s)	15 March 2022
f)	Place of the transaction (s)	London Stock Exchange, Main Market (XLON)

 

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