REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

12/08/2020 14:10

RNS Number : 9558V
  
NatWest Group plc
  
12 August 2020
  
 

12 August 2020 
 
NatWest 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.   NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 11 August 2020, as set out below.  
 
The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 September 2020 and have been calculated using a share price of £1.1159.
 
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


          56,009 


26,364


        29,645 




Robert Begbie


CEO, NatWest Markets


          72,812 


35,003


        37,809 




Helen Cook


Chief HR Officer


          27,445 


12,919


        14,526 




Bruce Fletcher


Chief Risk Officer, NatWest Group


          67,211 


31,637


        35,574 




Peter Flavel 


CEO, Private Banking


          50,440 


23,743


        26,697 




Les Matheson


CEO, Personal Banking


          67,211 


32,310


        34,901 




Andrew McLaughlin1


CEO, RBS International


          33,606 


-


        33,606 




Simon McNamara


Chief Administrative Officer


          72,812 


35,003


        37,809 




Katie Murray


Chief Financial Officer


        168,026 


79,091


        88,935 




Alison Rose2


Chief Executive Officer


          88,648 


41,728


        46,920 




John Paul Thwaite
 


CEO, Commercial Banking


          50,408 


23,728


        26,680 




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. 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 £1.1836.  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:
NatWest Group plc - 2138005O9XJIJN4JPN90
NatWest Markets Plc - RR3QWICWWIPCS8A4S074

NatWest Holdings Limited -  213800GDQMMREYFLQ454
 
 
 
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.
 
  END
 
 
DSHSFIFDEESSESA