REG - Royal Bk Scot.Grp. - Director/PDMR Shareholding

NatwestAnnouncement

14/05/2018 14:05

RNS Number : 0004O
Royal Bank of Scotland Group PLC
14 May 2018
 

14 May 2018
The Royal Bank of Scotland Group plc
 
 
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 11 May 2018, as set out below. 
 
The Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2018 and have been calculated using a share price of £2.7064.
 
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


No. of Shares delivered


No. of Shares withheld to satisfy associated tax liability


No. of Shares retained




Mark Bailie


73,899


34,733


39,166




Helen Cook


20,207


9,498


10,709




Chris Marks


83,137


39,075


44,062




Les Matheson


55,425


26,604


28,821




Ross McEwan


184,748


86,832


97,916




Simon McNamara


60,043


28,821


31,222




Alison Rose


71,590


33,648


37,942




David Stephen


64,662


30,392


34,270




Ewen Stevenson


147,798


69,466


78,332




David Wheldon


20,785


9,769


11,016




 
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 £2.941.  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 2018 Ross McEwan, 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 to charity, Mr McEwan has relinquished all legal and beneficial rights to such Shares.  The transfer took place outside of a trading venue.
 
Legal Entity Identifier: 2138005O9XJIJN4JPN90
 
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
 
 
DSHLLFSFEEISLIT