January 16, 2017 / 5:07 PM / 2 years ago

BRIEF-Rolls-Royce enters deals with 3 investigating authorities

Jan 16 (Reuters) - Rolls-royce Holdings Plc

* Rolls-Royce announces agreements in principle

* Rolls-Royce announces agreements in principle with investigating authorities

* Reached deferred prosecution agreement with UK serious fraud office, which was subject of preliminary court ruling today

* Proposed DPA is subject to final judicial approval

* SFO and Rolls-Royce will appear at court on 17 January 2017 to seek approval of DPA.

* Has also reached a DPA with U.S. Department of Justice (DOJ) and a leniency agreement with Brazil’s Ministério Público Federal (MPF).

* Agreements relate to bribery and corruption involving intermediaries in a number of overseas markets

* These are voluntary agreements which result in suspension of a prosecution provided co fulfils requirements, including payment of a financial penalty.

* These agreements, if finalised, would result in payment of approximately 671 mln stg at current exchange rates

* Under terms of agreements co has agreed to make payments to DoJ totalling $169,917,710 and to MPF totalling $25,579,179

* Under terms of DPA with SFO, Rolls-Royce will pay 497,252,645 pounds plus interest under a schedule lasting up to 5 years

* Total payments by Rolls-Royce in first year of all three agreements would be 293 mln stg at current exchange rates

* Early indications are that group has had good finish to year with both profit and cash expected ahead of expectations. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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