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

NatwestAnnouncement

08/11/2019 15:00

RNS Number : 8544S
Royal Bank of Scotland Group PLC
08 November 2019
 


8 November 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 7 November 2019, as set out below. 
 
The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2019, unless otherwise indicated below, and have been calculated using a share price of £2.149
 
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




Alison Rose1


Chief Executive Officer


101,811


47,852


53,959




Andrew McLaughlin2


CEO, RBS International


17,454


-


17,454




Bruce Fletcher
 


Chief Risk Officer


34,907


16,407


18,500




Chris Marks


CEO, NatWest Markets


58,178


27,344


30,834




David Wheldon


Chief Marketing Officer


13,090


6,153


6,937




Helen Cook
 


Chief HR Officer


14,254


6,700


7,554




Katie Murray3
 


Chief Financial Officer


174,533


82,031


92,502




Les Matheson


CEO, Personal Banking


34,907


16,756


18,151




Mark Bailie
 


CEO, Bó


46,542


21,875


24,667




Simon McNamara


Chief Administrative Officer


37,816


18,152


19,664




Vanessa Bailey


Chief Risk Officer, NatWest Holdings


29,089


13,672


15,417




1. Alison Rose's fixed share allowance represents payment for the period from 1 October 2019 to 31 October 2019 in respect of her role as Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking, and 1 November 2019 to 31 December 2019 in respect of her role as Chief Executive Officer.
2. The fixed share allowance was delivered when Andrew McLaughlin 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.
3. Katie Murray's fixed share allowance represents payment for the period from 1 July 2019 to 31 December 2019.



 
 
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 £2.157.  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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