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

NatwestAnnouncement

12/05/2017 14:00

RNS Number : 0264F
Royal Bank of Scotland Group PLC
12 May 2017
12 May 2017 
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 PDMRs on 12 May 2017, as set out below. 
Unless otherwise stated, the Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2017 and have been calculated using a share price of 2.6642.
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 
Mark Bailie
Chief Operating Officer
150,139
70,566
79,573
Helen Cook 1
Chief HR Officer
19,941
9,373
10,568
Christopher Marks
Chief Executive, NatWest Markets
150,139
70,566
79,573
Leslie Matheson
Chief Executive, Personal & Business Banking
112,605
52,925
59,680
Ross McEwan
Chief Executive
187,674
88,207
99,467
SimonMcNamara
Chief Administrative Officer
121,988
57,335
64,653
Alison Rose
Chief Executive, Commercial & Private Banking
136,064
63,951
72,113
David Stephen
Chief Risk Officer
131,372
61,745
69,627
Ewen Stevenson
Chief Financial Officer
150,139
70,566
79,573
David Wheldon
Chief Marketing Officer
42,227
19,847
22,380

1Helen Cook's fixed share allowance represents payment for the three month period ending 30 June 2017, which coincides with her appointment into role. 
The above transactions took place outside of a trading venue. The opening price on the date that the Shares were delivered and some were withheld to meet associated tax liabilities was 2.6010. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.
2. The Company announces that on 11 May 2017 Ross McEwan, Chief Executive, transferred 27,602 Shares to charity for nil consideration. The transfer is in line with the commitments Mr McEwan made in February 2015 and February 2016 to transfer all of his 2015 fixed share allowance and half of his 2016 fixed share allowance to charity. 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. 
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
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