REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

11/11/2021 14:00

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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 McLaughlin(1)  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

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