REG - Royal Bk Scot.Grp. - Director/PDMR Shareholding <Origin Href="QuoteRef">RBS.L</Origin>

NatwestAnnouncement

12/08/2015 14:00

RNS Number : 8674V
Royal Bank of Scotland Group PLC
12 August 2015
The Royal Bank of Scotland Group plc
12 August 2015
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH DTR3.1.2R AND DTR 3.1.4R
1. The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of 1 each in the Company ("Shares") were delivered to the PDMRs on 12 August 2015, as set out below. 
The Shares delivered represent payment of a fixed share allowance for the six month period ended 30 June 2015.
The number of Shares delivered, the number of Shares sold to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-
PDMR
No. of Shares delivered
No. of Shares sold to satisfy associated tax liability
No. of Shares retained 
Elaine Arden
41,691
19,625
22,066
Mark Bailie
140,243
66,014
74,229
Chris Marks
140,243
66,014
74,229
Leslie Matheson
79,756
37,542
42,214
Ross McEwan
145,012
68,259
76,753
SimonMcNamara
87,006
40,955
46,051
Jonathan Pain
43,504
20,478
23,026
Alison Rose
87,006
40,955
46,051
David Stephen
90,632
42,662
47,970
Ewen Stevenson
116,009
54,607
61,402
The market price used to determine the number of Shares delivered was 3.448. Shares retained after payment of associated tax liabilities are held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a five year retention period.
In February 2015, Mr McEwan confirmed that he did not intend to benefit from his 2015 fixed share allowance. In light of this commitment, he will transfer the net of tax shares retained to charity when they are released over the course of the five year retention period.
2. The Company also announces the vesting of 95,318 Shares to Mr McEwan arising from a conditional share award under the RBS 2010 Long Term Incentive Plan. This award was granted on 30 August 2012 on Mr McEwan's appointment as CEO of UK Retail to replace awards which he forfeited on leaving Commonwealth Bank of Australia. The award was subject to RBS performance conditions measured over a three year period to 31 December 2014.
A total of 44,867 Shares have been sold at 3.403 per share to meet the immediate tax liabilities arising on vesting. Mr McEwan has retained the remaining 50,451 vested Shares, which are subject to a six month retention period following vesting. 
For further information contact:- 
RBS Media Relations - +44(0)131 523 4205
Person responsible for making notification:- 
Aileen Taylor, Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
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