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

NatwestAnnouncement

14/05/2020 13:05

RNS Number : 9454M
  
Royal Bank of Scotland Group PLC
  
14 May 2020
  
 

14 May 2020 
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 May 2020, as set out below.  
 
The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 June 2020, unless otherwise indicated below, and have been calculated using a share price of £1.111.
 
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


56,241


26,473


29,768




Helen Cook


Chief HR Officer


27,558


12,972


14,586




Bruce Fletcher


Chief Risk Officer, RBS Group


67,489


31,768


35,721




Peter Flavel 


CEO, Private Banking


50,649


23,841


26,808




Les Matheson


CEO, Personal Banking


67,489


32,444


35,045




Andrew McLaughlin1


CEO, RBS International


33,745


-


33,745




Simon McNamara


Chief Administrative Officer


73,113


35,147


37,966




Katie Murray2


Chief Financial Officer


337,443


158,837


178,606




Alison Rose3


Chief Executive Officer


269,955


127,070


142,885




John Paul Thwaite
 


CEO, Commercial Banking


50,617


23,826


26,791




1. The FSA 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.
2. Katie Murray's FSA represents payment for the period from 1 January 2020 to 30 June 2020.
3. Alison Rose's FSA represents payment for the period from 1 January 2020 to 8 April 2020. Alison Rose has waived her entitlement to 25% of her total fixed pay for the period 9 April 2020 to 31 December 2020 and this is being effected through a reduction in the number of shares she receives by way of FSA. 



 
 
The above transactions took place on the London Stock Exchange (XLON).  The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.065.  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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