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

NatwestAnnouncement

08/03/2016 14:20

RNS Number : 4276R
Royal Bank of Scotland Group PLC
08 March 2016
The Royal Bank of Scotland Group plc
8 March 2016
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY IN ACCORDANCE WITH DTR 3.1.2R AND DTR 3.1.4R
1. The Royal Bank of Scotland Group plc (the "Company") announces that conditional deferred awards over ordinary shares of 1 in the Company ("Shares") vested on 7 March 2016 to the Persons Discharging Managerial Responsibility ("PDMRs") set out below. The conditional deferred awards were granted under the RBS 2010 Deferral Plan between March 2013 and March 2015. The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-
PDMR
No. of Shares vested
No. of Shares sold to satisfy relevant tax liability
No. of vested Shares retained 




Elaine Arden 
7,545
3,547
3,998
Mark Bailie
415,076
195,087
219,989
Chris Marks
415,076
195,087
219,989
Leslie Matheson
4,856
2,283
2,573
Ross McEwan
18,797
8,835
9,962
Alison Rose
102,308
48,086
54,222
David Stephen
21,053
9,895
11,158
The market price per Share on the date of vesting was 2.303. Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.
2. The Company announces that conditional long term incentive awards over Shares vested on 7 March 2016 (where stated) or 8 March 2016 to the PDMRs set out below. The conditional long term incentive awards were granted under the RBS 2010 Long Term Incentive Plan in March 2013 (or as otherwise stated). The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-
PDMR
No. of Shares vested
No. of Shares sold to satisfy relevant tax liability
No. of Shares retained 




Elaine Arden 
108,668
51,074
57,594
Mark Bailie
75,972
35,707
40,265
Chris Marks
75,972
35,707
40,265
Leslie Matheson
72,704
34,171
38,533
Ross McEwan
431,614
202,859
228,755
Simon McNamara1
71,773
33,734
38,039
Alison Rose
179,011
84,136
94,875
David Stephen
113,398
53,298
60,100
Ewen Stevenson2
147,354
69,257
78,097

1Granted and announced on 8 November 2013 and vested on 7 March 2016.
2 Granted and announced on 19 May 2014 and vested on 7 March 2016. 
The market price per Share for those that vested on 7 March 2016 was 2.303. The market price per Share for those that vested on 8 March 2016 was 2.301. Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.
3. The Company announces that conditional long term incentive awards over Shares have been granted on 8 March 2016 under the RBS 2014 Employee Share Plan to the PDMRs set out below. The awards are eligible to vest in equal tranches in 2020 and 2021, subject to the achievement of performance conditions. Malus provisions will apply up until vest and clawback provisions will also apply for a period of seven years from the date of grant. 
PDMR
No. of Shares representing the initial notional value of award at grant
Maximum no. of Shares eligible to vest



Elaine Arden
233,898
487,287
Mark Bailie
462,480
963,498
Chris Marks
462,480
963,498
Leslie Matheson
265,793
553,735
Ross McEwan
569,860
1,187,207
Simon McNamara
297,688
620,183
Jonathan Pain
233,898
487,287
Alison Rose
297,688
620,183
David Stephen
276,425
575,884
Ewen Stevenson
457,164
952,424
David Wheldon
159,476
332,241
The market price per Share used on the grant of the above awards was 2.2574. Vested Shares retained after payment of relevant tax liabilities will be subject to a six month retention period from 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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