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

NatwestAnnouncement

11/06/2019 15:05

RNS Number : 8640B
Royal Bank of Scotland Group PLC
11 June 2019
 


11 June 2019
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 conditional deferred awards over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) vested on 7 June 2019 to the PDMRs set out below. The conditional deferred awards were granted under the RBS 2014 Employee Share Plan (the Plan) in March 2019. The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-
 



Name of PDMR


Position of PDMR


No. of Shares vested


No. of Shares withheld to satisfy associated tax liability


No. of vested Shares retained




Andrew McLaughlin1


CEO, RBS International


46,922


Nil


46,922




Katie Murray


Chief Financial Officer


28,801


13,537


15,264




1. The award was granted when the PDMR was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority.



 
The above transactions took place outside of a trading venue.  The market price used to meet associated tax liabilities was £2.145. Vested Shares retained after payment of associated tax liabilities will be subject to a retention period of twelve months.
 
 
Legal Entity Identifier: 2138005O9XJIJN4JPN90
 
For further information contact:-
 
RBSG Investor Relations

Alexander Holcroft

Head of Investor Relations

+44(0)20 7672 1758
 
RBSG Media Relations 
+44(0)131 523 4205
 
 




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