Further to the announcement on 10 December 2014, Rolls-Royce Holdings plc (the "Company") announces that the first £250m tranche of the share buyback has been completed.
The Company has today initiated the second £250m tranche to enable the purchase of its ordinary shares.
The aim of the buyback is to reduce the issued share capital of the Company, helping enhance returns for shareholders.
The second £250 million tranche will be a non-discretionary programme (the "Programme") and is irrevocable, when the Company is in a prohibited period. The purchases made under the Programme will be managed by Morgan Stanley who will make their trading decisions in relation to the Company's securities independently of, and uninfluenced by, the Company.
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