ARM Holdings PLC PDMR Shareholding (4111G)

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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