ARM Holdings PLC PDMR Shareholding (4111G)
March 03 2015 - 07:46AM
UK Regulatory
TIDMARM
RNS Number : 4111G
ARM Holdings PLC
03 March 2015
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 Total Corrected Total number Increase
of ordinary number number of conditional in number
shares of conditional of shares awards held as from 13
previously awards conditionally ADRs and as ordinary February
confirmed previously awarded shares 2015 announcement
as conditionally confirmed
awarded as held
under
the LTIP
-------------- ------------------ ---------------- --------------- --------------------- -------------------
65,911 ordinary
12,982 shares
Tom Lantzsch 37,061 102,972 ADRs 12,982 ADRs 628 ADRs
-------------- ------------------ ---------------- --------------- --------------------- -------------------
77,896 ordinary
Antonio 15,481 shares
Viana 44,195 122,091 ADRs 15,481 ADRs 750 ADRs
-------------- ------------------ ---------------- --------------- --------------------- -------------------
68,909 ordinary
Dipesh 13,838 shares
Patel 39,505 108,414 ADRs 13,838 ADRs 670 ADRs
-------------- ------------------ ---------------- --------------- --------------------- -------------------
40,343 2,320
Allen ordinary 73,602 ordinary ordinary
Wu 38,023 71,282 shares shares 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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