Natwest Group PLC

Director's Dealing • Aug 12, 2021

National Storage Mechanism | Additional information

RNS Number : 4406I

NatWest Group plc

12 August 2021

12 August 2021

NatWest Group plc

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

NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 10 August 2021, 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 30 September 2021 and have been calculated using a Share price of £2.098.

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	38,728	18,618	20,110
Helen Cook	Chief HR Officer	14,598	6,872	7,726
Peter Flavel	CEO, Wealth Businesses	26,829	12,629	14,200
Bruce Fletcher	Chief Risk Officer, NatWest Group	39,919	18,791	21,128
David Lindberg	CEO, Retail Banking	38,728	18,230	20,498
Andrew McLaughlin1	CEO, RBS International	17,875	0	17,875
Simon McNamara	Chief Administrative Officer	38,728	18,618	20,110
Katie Murray	Chief Financial Officer	89,371	42,068	47,303
Alison Rose	Chief Executive Officer	131,078	61,700	69,378
John-Paul Thwaite	CEO, Commercial Banking	31,578	14,864	16,714
Jen Tippin	Chief Transformation Officer	49,154	23,138	26,016
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.

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.1635. 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.

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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