Natwest Group PLC

Director's Dealing • Nov 11, 2021

National Storage Mechanism | Additional information

RNS Number : 1123S

NatWest Group plc

11 November 2021

11 November 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 November 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 31 December 2021 and have been calculated using a Share price of £2.2038.

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	36,869	17,724	19,145
Peter Flavel	CEO, Wealth Businesses	25,541	12,023	13,518
Bruce Fletcher	Chief Risk Officer, NatWest Group	38,003	17,889	20,114
David Lindberg	CEO, Retail Banking	36,869	17,355	19,514
Andrew McLaughlin1	CEO, RBS International	17,017	0	17,017
Simon McNamara	Chief Administrative Officer	36,869	17,724	19,145
Katie Murray	Chief Financial Officer	85,081	40,049	45,032
Alison Rose	Chief Executive Officer	124,785	58,738	66,047
John-Paul Thwaite	CEO, Commercial Banking	30,062	14,151	15,911
Jen Tippin	Chief People & Transformation Officer	46,795	22,027	24,768
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 £2.15. 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.

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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFFDFFFEFSEFF