Royal Dutch Shell plc: Notification of Transactions of Directors / Persons Discharging Managerial Responsibility ("PDMRs") and Connected Persons
LONDON, June 25, 2012 /PRNewswire/ --
Notification relating to a transaction notified in accordance with: DR 3.1.4 R(1)(a)
Date of Notification: 22 June 2012
Today's Date: 25 June 2012
Name of Issuer: Royal Dutch Shell plc
Date of transaction: 21 June 2012
Name of Directors/PDMRs
See names listed below.
Nature of the transaction
Rollover of dividends into Royal Dutch Shell plc (NYSE: RDS.A)(NYSE: RDS.B) shares RDSA, RDSB and RDS.A (as given below) under the Long-Term Incentive Plan, Performance Share Plan, Deferred Bonus Plan and Restricted Share plan.
The values are as follows:
Peter Voser €285,324.14 Simon Henry £103,909.27 Matthias Bichsel € 69,513.24 Peter Rees £ 32,294.14 Hugh Mitchell £ 46,439.26 Marvin Odum $ 89,771.91 Mark Williams $ 97,646.29 Andrew Brown £ 17,257.07
The number of shares is as follows:
Peter Voser 10779 RDSA Simon Henry 4699 RDSB Matthias Bichsel 2626 RDSA Peter Rees 1460 RDSB Hugh Mitchell 2100 RDSB Marvin Odum 1373 RDS.A Mark Williams 1493 RDS.A Andrew Brown 780 RDSB
Classes of security
Royal Dutch Shell Class A - ordinary shares ("RDSA")
Royal Dutch Shell Class B - ordinary shares ("RDSB")
Royal Dutch Shell plc Class A - ADS ("RDS.A")
Long Term Incentive Plan ("LTIP")
The LTIP is a performance based share plan under which Directors receive a conditional award of shares ("performance shares"). The actual number of performance shares which Directors could finally receive under the plan ranges from nil to two times the conditional award, subject to the performance of the Company over a period of three years. For the purposes of disclosure and maintenance of certain statutory records, the number of performance shares is taken to be one times the number of performance shares conditionally awarded. Performance shares attract dividends in the form of shares ("dividend shares") and, whilst Directors could finally receive dividend shares based on two times the conditional award, such dividend shares are disclosed and recorded on the basis of the number of shares conditionally awarded. Further details of the LTIP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2011.
Performance Share Plan ("PSP")
When awards are made under the LTIP other than to PDMRs the plan is called the Performance Share Plan. Andrew Brown received awards under the PSP prior to his appointment as a PDMR with effect from April 1, 2012. Further details of the PSP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2011.
Deferred Bonus Plan ("DBP")
The DBP requires that Executive Directors and Persons Discharging Managerial Responsibility invest no less than 25% of their annual bonus in deferred bonus shares. They may choose to invest up to 50% in such shares and the Plan provides for dividends in the form of shares ("dividend shares") to be accrued on the deferred bonus shares. For the purposes of disclosure and maintenance of certain statutory records, the number of shares does not include any performance-related matching shares that may be earned in accordance with the plan rules applicable to each award, the number of such performance related matching shares being unknown until the performance criteria are assessed at the end of the performance period. Further details of the DBP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2011.
Restricted Share Plan ("RSP")
The RSP is a share plan under which certain employees and Directors may receive a conditional award of shares. The shares vest three years after the award date subject to the employee or the Director being employed by a Shell Group company at that time. The conditional shares awarded under the RSP attract dividends in the form of shares ("dividend shares") during the retention period. Further details of the RSP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2011.
Deputy Company Secretary
Royal Dutch Shell plc
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