Natwest Group PLC

Director's Dealing • Nov 8, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8544S

Royal Bank of Scotland Group PLC

08 November 2019

8 November 2019

The Royal Bank of Scotland Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

1.   The Royal Bank of Scotland Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 7 November 2019, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2019, unless otherwise indicated below, and have been calculated using a share price of £2.149

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
Alison Rose1	Chief Executive Officer	101,811	47,852	53,959
Andrew McLaughlin2	CEO, RBS International	17,454	-	17,454
Bruce Fletcher	Chief Risk Officer	34,907	16,407	18,500
Chris Marks	CEO, NatWest Markets	58,178	27,344	30,834
David Wheldon	Chief Marketing Officer	13,090	6,153	6,937
Helen Cook	Chief HR Officer	14,254	6,700	7,554
Katie Murray3	Chief Financial Officer	174,533	82,031	92,502
Les Matheson	CEO, Personal Banking	34,907	16,756	18,151
Mark Bailie	CEO, Bó	46,542	21,875	24,667
Simon McNamara	Chief Administrative Officer	37,816	18,152	19,664
Vanessa Bailey	Chief Risk Officer, NatWest Holdings	29,089	13,672	15,417
1. Alison Rose's fixed share allowance represents payment for the period from 1 October 2019 to 31 October 2019 in respect of her role as Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking, and 1 November 2019 to 31 December 2019 in respect of her role as Chief Executive Officer. 2. The fixed share allowance was delivered when Andrew McLaughlin was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority. 3. Katie Murray's fixed share allowance represents payment for the period from 1 July 2019 to 31 December 2019.

The above transactions took place outside of a trading venue.  The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.157.  Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

RBSG Investor Relations

Alexander Holcroft

Head of Investor Relations

+44(0)20 7672 1758

RBSG Media Relations 

+44(0)131 523 4205

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHLLFESLFLTIIA