LONDON, August 2, 2011 /PRNewswire/ --
Notification relating to a transaction notified in accordance with DR 3.1.4 R(1)(a)
Date of Notification: 2 August 2011
Today's date: 2August 2011
Name of Issuer: Royal Dutch Shell plc ("RDS") (NYSE: RDS.A) (NYSE: RDS.B)
Date of transaction: 1 August 2011
Name of Directors / PDMRs:
Class of security:
Royal Dutch Shell plc Class B ordinary shares ("RDSB")
Nature of the transaction:
The delivery of vested awards amounting to 62,857 RDS Class B ordinary shares under the Restricted Share Plan ("RSP"). Awards dated 1 August 2008. In accordance with the terms of the RSP, the Directors/PDMRs referred to above received cash in lieu of shares on the basis of a share price of £22.395 per RDSB share.
Consideration for the transaction:
No consideration has been paid by the Director / PDMR for the delivery of the vested award.
Restricted Share Plan ("RSP")
Under the Restricted Share Plan (RSP) awards are made on a highly selective basis to senior staff. Executive Directors became eligible to receive awards under the RSP in 2008 following shareholder approval at the Annual General Meeting. Shares are awarded subject to a three-year retention period. The shares, together with additional shares equivalent to the value of the dividends payable over the retention period, are released to the individual at the end of the three-year period. Further details of the RSP can be found in the Royal Dutch Shell plc Annual Report and Form 20-F for the year ended December 31, 2010.
SOURCE Royal Dutch Shell plc