Royal Dutch Shell plc : Notification of Transactions of Directors / Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons
LONDON, May 9, 2011 /PRNewswire-FirstCall/ --
- Notification Relating to a Transaction Notified in Accordance With DTR 3.1.4 R(1)(a)
Date of Notification: 4 May 2011 Today's date: 9 May 2011 Name of Issuer: Royal Dutch Shell plc (NYSE: RDS.A)(NYSE: RDS.B) Date of transaction: 3 May 2011 Name of Directors / PDMRs:
Directors and PDMRs who have interests in employee share plans (names listed below)
Nature of the transaction:
The delivery of vested awards of RDS shares under the Long Term Incentive Plan (LTIP). Awards dated 1 February 2008.
Consideration for the transaction:
No consideration has been paid by the relevant Director / PDMRs in respect of the delivery of the vested awards.
Class of security: Royal Dutch Shell Class A - ordinary shares ("RDSA") Director/PDMR Jeroen van der Veer 345,612 RDSA
In accordance with the terms of the LTIP, the Director/PDMR set out above received cash in lieu of shares on the basis of a share price of EUR26.09.
Note
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 at least 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, 2010.
SOURCE Royal Dutch Shell plc
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