Natwest Group PLC

Director's Dealing • May 14, 2020

National Storage Mechanism | Additional information

RNS Number : 9454M

Royal Bank of Scotland Group PLC

14 May 2020

14 May 2020

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 13 May 2020, as set out below. 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 June 2020, unless otherwise indicated below, and have been calculated using a share price of £1.111.

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
Vanessa Bailey	Chief Risk Officer, NatWest Holdings	56,241	26,473	29,768
Helen Cook	Chief HR Officer	27,558	12,972	14,586
Bruce Fletcher	Chief Risk Officer, RBS Group	67,489	31,768	35,721
Peter Flavel	CEO, Private Banking	50,649	23,841	26,808
Les Matheson	CEO, Personal Banking	67,489	32,444	35,045
Andrew McLaughlin1	CEO, RBS International	33,745	-	33,745
Simon McNamara	Chief Administrative Officer	73,113	35,147	37,966
Katie Murray2	Chief Financial Officer	337,443	158,837	178,606
Alison Rose3	Chief Executive Officer	269,955	127,070	142,885
John Paul Thwaite	CEO, Commercial Banking	50,617	23,826	26,791
1. The FSA 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. 2. Katie Murray's FSA represents payment for the period from 1 January 2020 to 30 June 2020. 3. Alison Rose's FSA represents payment for the period from 1 January 2020 to 8 April 2020. Alison Rose has waived her entitlement to 25% of her total fixed pay for the period 9 April 2020 to 31 December 2020 and this is being effected through a reduction in the number of shares she receives by way of FSA.

The above transactions took place on the London Stock Exchange (XLON).  The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.065.  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

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