BusinessCompany NewsRolls Royce FD in line for shares payout

Rolls Royce FD in line for shares payout

Executives allowed to cash in share options

Rolls Royce finance director and chartered accountant Andrew Shilston could
be in line for a windfall after the aerospace giant said it would allow payouts
on share options to be vested for the first time in 10 years.

While it is unclear what some executives will do with their options, as of 31
December 2004, information published by the company shows that Andrew Shilston,
held almost 128,000 company shares, which at the current share price of 431p
equates to £8.5m.

Directors will be able to exercise options worth a total of £10.3 million
next month.

Chief executive Sir John Rose and John Cheffins, the chief operating officer,
both said they had no plans to do exercise their options, the Guardian
Online
reported.

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