LONDON, August 2, 2011 /PRNewswire/ --
Notification relating to transactions notified in accordance with DR 3.1.4 R(1)(a)
Date of Notification: 2 August 2011
Today's date: 2August 2011
Date of transactions: 1 August 2011
Name of Directors / PDMRs:
Class of security:
Royal Dutch Shell plc Class A ordinary shares ("RDSA")
Nature of the transactions:
1. The delivery of vested awards amounting to 54,354 RDS Class A ordinary shares under the Restricted Share Plan ("RSP"). Awards dated 1 August 2008. In accordance with the terms of the RSP, the Director/PDMR referred to above received cash in lieu of shares on the basis of a share price of €25.60 per RDSA share.
2. Purchase of 30,000 RDS A shares
Consideration for the transactions:
1. No consideration has been paid by the Director / PDMR for the delivery of the vested award.
2. €25.85 per RDS A share
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 following shareholder approval at the 2008 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