REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

08/11/2024 14:00

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RNS Number : 5495L  NatWest Group plc  08 November 2024

8 November 2024

 

NatWest Group plc

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE
REGULATION

 

1.  NatWest Group plc (the Company) announces that ordinary shares of
£1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to
PDMRs on 7 November 2024 under the NatWest Group 2024 Employee Share Plan (the
Plan), as set out below.

 

The Shares delivered represent payment of a fixed share allowance for the
three month period ending 31 December 2024 and have been calculated using a
Share price of £3.7650.

 

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 vested  No. of Shares withheld to satisfy associated tax liability  No. of vested Shares retained

 Robert Begbie   CEO, NatWest Commercial & Institutional      24,071                12,054                                                      12,017
 *Emma Crystal   CEO, Coutts and Wealth Businesses            18,261                8,596                                                       9,665
 Keiran Foad     Group Chief Risk Officer                     27,391                12,894                                                      14,497
 David Lindberg  CEO, Retail Banking                          24,071                11,331                                                      12,740
 Scott Marcar    Group Chief Information Officer              27,391                12,894                                                      14,497
 Katie Murray    Group Chief Financial Officer                52,321                24,628                                                      27,693
 Paul Thwaite    Group Chief Executive Officer                76,738                36,122                                                      40,616
 Jen Tippin      Group Chief Operating Officer                27,391                12,894                                                      14,497

 

The market price used to determine the number of Shares withheld to meet
associated tax liabilities was £3.8632 and where indicated *£3.8488. Shares
retained after payment of associated tax liabilities will be held on behalf of
PDMRs and will be released in instalments over a five year period.

 

2.  The Company announces that the PDMR set out below has sold Shares on the
date and at the price indicated:

 Name of PDMR  Position of PDMR                 No. of Shares sold  Sale price

                                                                                Date of transaction
 Scott Marcar  Group Chief Information Officer  93,336              3.8329      7 November 2024

 

All of the above transactions took place on the London Stock Exchange (XLON).

 

* Note: the nominal value of ordinary shares without rounding is
£1.076923076923077 per share

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:

NatWest Group Investor Relations

Claire Kane

Director of Investor Relations

+44 20 7672 1758

 

NatWest Group Media Relations

+44(0)131 523 4205

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