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3 Mar 2015 12:46
PDMRs' shareholdings
ARM Holdings plc
3 March 2015
ARM Holdings plc (the "Company") announces a correction to the number of annual conditional awards made on 12 February 2015 and announced on 13 February 2015 under the Company's Long Term Incentive Plan ("LTIP") to certain PDMRs based outside the UK. The need for this correction has arisen from the fact that it has now come to light that an incorrect exchange rate was used. In three cases, these awards were made in the form of the Company's American Depositary Receipts (ADRs), where one ADR is equivalent to three ordinary shares.
The details are as follows:
Number of ordinary shares previously confirmed as conditionally awarded
| Total number of conditional awards previously confirmed as held under the LTIP | Corrected number of shares conditionally awarded | Total number of conditional awards held as ADRs and as ordinary shares | Increase in number from 13 February 2015 announcement | |
Tom Lantzsch | 37,061 | 102,972 | 12,982 ADRs | 65,911 ordinary shares 12,982 ADRs | 628 ADRs |
Antonio Viana | 44,195 | 122,091 | 15,481 ADRs | 77,896 ordinary shares 15,481 ADRs | 750 ADRs |
Dipesh Patel | 39,505 | 108,414 | 13,838 ADRs | 68,909 ordinary shares 13,838 ADRs | 670 ADRs |
Allen Wu | 38,023 | 71,282 | 40,343 ordinary shares
| 73,602 ordinary shares
| 2,320 ordinary shares |
The mid market closing price on 11 February 2015, being the business day prior to the date of these awards, was 1087.00 pence per ordinary share and $50.31 per ADR.
Under the LTIP, the vesting of shares conditionally awarded is subject to achievement of TSR and EPS performance measures and they will normally vest 3 years from the date of award.
ENDS
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