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

NatwestAnnouncement

14/08/2019 14:55

RNS Number : 0817J
Royal Bank of Scotland Group PLC
14 August 2019
 


14 August 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 ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 13 August 2019, as set out below. 
 
The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2019 and have been calculated using a share price of £2.029.
 
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




Vanessa Bailey


Chief Risk Officer, NatWest Holdings


30,796


14,475


16,321




Mark Bailie


CEO, Bó


49,274


23,159


26,115




Helen Cook


Chief HR Officer


15,090


7,093


7,997




Bruce Fletcher


Chief Risk Officer


36,955


17,369


19,586




Chris Marks


CEO, NatWest Markets


61,592


28,949


32,643




Les Matheson


CEO, Personal Banking


36,955


17,739


19,216




Andrew McLaughlin1


CEO, RBS International


18,478


0


18,478




Simon McNamara


Chief Administrative Officer


40,035


19,217


20,818




Alison Rose


Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking


52,353


24,606


27,747




David Wheldon


Chief Marketing Officer


13,859


6,514


7,345




1. The award was made 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 determine the number of Shares withheld to meet associated tax liabilities was £2.028.  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.
 
 
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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