Natwest Group PLC

Director's Dealing • Nov 10, 2022

National Storage Mechanism | Additional information

RNS Number : 0384G

NatWest Group plc

10 November 2022

10 November 2022

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the Market Abuse Regulation

1.   NatWest Group plc (the Company) announces that ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 7 November 2022, under the NatWest Group 2014 Employee Share Plan (the Plan), as set out below. 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 31 December 2022 and have been calculated using a Share price of £2.3316.

The number of Shares delivered, the number of Shares withheld to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-

Name of PDMR	Position of PDMR	No. of Shares delivered	No. of Shares withheld to satisfy associated tax liability	No. of Shares retained
Robert Begbie	CEO, NatWest Markets	16,084	7,732	8,352
Peter Flavel	CEO, Wealth Businesses	26,806	12,618	14,188
Bruce Fletcher	Chief Risk Officer, NatWest Group	35,920	16,908	19,012
David Lindberg	CEO, Retail Banking	34,848	16,404	18,444
Scott Marcar	Chief Information Officer	57,633	27,129	30,504
Andrew McLaughlin	CEO, Commercial & Institutional for the non-ring-fenced bank	2,145	1,010	1,135
Katie Murray	Chief Financial Officer	82,026	38,611	43,4151
Alison Rose	Chief Executive Officer	120,304	56,628	63,6761
John-Paul Thwaite	CEO, Commercial & Institutional for the ring-fenced bank	33,508	15,773	17,735
Jen Tippin	Chief People & Transformation Officer	44,230	20,820	23,410
1.     The shares will be released in instalments over a five year period.

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.3812. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Share Plan Account and will be released in instalments over a three year period, unless otherwise indicated above.

2.   The Company also announces that it has been notified of the PDMR set out below selling Shares on the date and at the price indicated:

Name of PDMR	Position of PDMR	No. of Shares sold	Price of Shares sold	Date  Shares sold
Alison Rose	Chief Executive Officer	250,000	£2.3910	10 November 2022

3.   The Company also announces that on 7 November 2022, a conditional Buy-out award (Award) was granted under the Plan to the PDMR set out below in order to replace awards forfeited by the individual on leaving their previous employer.

Name of PDMR	Position of PDMR	Award price	No. of Shares granted
Scott Marcar	Chief Information Officer	£2.61692	581,681
2.     The Award price has been calculated using a 5 day average Share price taken immediately prior to the PDMR joining the Company.

The above transactions took place on the London Stock Exchange (XLON).

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

NatWest Group Investor Relations

Alexander Holcroft

Head of Investor Relations

+44(0)20 7672 1758

NatWest Group Media Relations 

+44(0)131 523 4205

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