Last checked at 17 Mar 2023 15:00
17 March 2023
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 lapse of awards under the Rolls-Royce Long-Term Incentive Plan (LTIP).
LTIP
The following LTIP shares lapsed on 16 March 2023 due to performance conditions not being met. The awards were made on 16 March 2020 and were adjusted on 12 November 2020 following the rights issue. Performance was measured over three years to 31 December 2022.
PDMR | Shares lapsed |
Sarah Armstrong | 99,678 |
Rob Watson | 47,611 |
The following LTIP shares were adjusted on 16 March 2023 as the performance conditions were not met and will formally lapse on 16 March 2025. The awards were made on 16 March 2020 and were adjusted on 12 November 2020 following the rights issue. Performance was measured over three years to 31 December 2022.
PDMR | Shares to lapse in 2025 |
Tom Bell | 626,286 |
Chris Cholerton | 551,695 |
Mark Gregory | 401,719 |
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
| ||||
b)
| Nature of the transaction
| Lapse of awards made under the Rolls-Royce Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
99,678 Nil | ||||
e) | Date of the transaction(s)
| 16 March 2023 | ||||
f)
| Place of the transaction(s)
| Outside a trading venue | ||||
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
| ||||
b)
| Nature of the transaction
| Adjustment of award made under the Rolls-Royce Long-Term Incentive Plan which will lapse on 16 March 2025 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
626,286
Nil
| ||||
e) | Date of the transaction(s)
| 16 March 2023 | ||||
f)
| Place of the transaction(s)
| Outside a trading venue | ||||
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
| ||||
b)
| Nature of the transaction
| Adjustment of award made under the Rolls-Royce Long-Term Incentive Plan which will lapse on 16 March 2025 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
551,695
Nil
| ||||
e)
| Date of the transaction(s)
| 16 March 2023 | ||||
f)
| Place of the transaction(s)
| Outside a trading venue | ||||
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
| ||||
b)
| Nature of the transaction
| Adjustment of award made under the Rolls-Royce Long-Term Incentive Plan which will lapse on 16 March 2025 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
401,719
Nil
| ||||
e)
| Date of the transaction(s)
| 16 March 2023 | ||||
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
| ||||
b)
| Nature of the transaction
| Lapse of awards made under the Rolls-Royce Long-Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
47,611
Nil
| ||||
e) | Date of the transaction(s)
| 16 March 2023 | ||||
f)
| Place of the transaction(s)
| Outside a trading venue | ||||