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

NatwestAnnouncement

09/11/2016 15:05

RNS Number : 7810O
Royal Bank of Scotland Group PLC
09 November 2016
9 November 2016
The Royal Bank of Scotland Group plc
Legal Entity Identifier: 2138005O9XJIJN4JPN90
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") in accordance with Article 19 of the EU Market Abuse Regulation 596/2014
1. The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of 1 each in the Company ("Shares") (ISIN: GB00B7T77214) were delivered to the PDMRs on 8 November 2016, as set out below. 
The Shares delivered represent payment of a fixed share allowance for the six month period ended 31 December 2016 and were based on a share price of 1.8746.
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 
Elaine Arden
Chief HR Officer
76,684
36,042
40,642
Mark Bailie
Chief Operating Officer
213,379
100,289
113,090
Christopher Marks
Chief Executive, Corporate & Institutional Banking
213,379
100,289
113,090
Leslie Matheson
Chief Executive, Personal & Business Banking
160,035
75,217
84,818
Ross McEwan
Chief Executive
266,724
125,361
141,363
SimonMcNamara
Chief Administrative Officer
173,371
81,485
91,886
Jonathan Pain
Chief Conduct & Regulatory Affairs Officer
80,018
37,609
42,409
Alison Rose
Chief Executive, Commercial & Private Banking
186,707
87,753
98,954
David Stephen
Chief Risk Officer
186,707
87,753
98,954
Ewen Stevenson
Chief Financial Officer
213,379
100,289
113,090
David Wheldon
Chief Marketing Officer
60,013
28,207
31,806
The above transactions took place outside of a trading venue. The market price used to determine the number of Shares withheld to meet associated tax liabilities was 1.873. 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 period.
In February 2016, Mr McEwan confirmed that he intended to transfer half of his 2016 fixed share allowance to charity. In light of this commitment, he will transfer half of his retained shares to charity when they are released over the course of the five year period.
2. The Company announces that on 8 November 2016 Ross McEwan, Chief Executive, transferred 16,528 Shares to charity for nil consideration. The transfer is in line with the commitment Mr McEwan made in February 2015 not to benefit from his 2015 fixed share allowance. Following the transfer tocharity, Mr McEwan has relinquished all legal and beneficial rights to the Shares. The transfer took place outside of a trading venue. 
3. The Company also announces that it has been notified that the following PDMRs sold Shares on the dates detailed below. All transactions took place on the London Stock Exchange (XLON). 
Name of PDMR
Position of PDMR
No. of Shares sold
Price of transaction
Date of transaction
Mark Bailie
Chief Operating Officer
550,000
1.870
2016-11-04
Christopher Marks
Chief Executive, Corporate & Institutional Banking
550,000
1.874
2016-11-04
Leslie Matheson
Chief Executive, Personal & Business Banking
240,000
1.850
2016-11-09
David Stephen
Chief Risk Officer
100,000
1.874
2016-11-08
For further information contact:- 
RBS Investor Relations
Alexander Holcroft
Head of Equity Investor Relations
+44 20 7672 1758
RBS Media Relations 
+44(0)131 523 4205

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