Natwest Group PLC

Remuneration Information • Aug 14, 2019

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RNS Number : 0817J

Royal Bank of Scotland Group PLC

14 August 2019

14 August 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 13 August 2019, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2019 and have been calculated using a share price of £2.029.

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	30,796	14,475	16,321
Mark Bailie	CEO, Bó	49,274	23,159	26,115
Helen Cook	Chief HR Officer	15,090	7,093	7,997
Bruce Fletcher	Chief Risk Officer	36,955	17,369	19,586
Chris Marks	CEO, NatWest Markets	61,592	28,949	32,643
Les Matheson	CEO, Personal Banking	36,955	17,739	19,216
Andrew McLaughlin1	CEO, RBS International	18,478	0	18,478
Simon McNamara	Chief Administrative Officer	40,035	19,217	20,818
Alison Rose	Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking	52,353	24,606	27,747
David Wheldon	Chief Marketing Officer	13,859	6,514	7,345
1. The award was made when the PDMR 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 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 £2.028.  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.

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