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

NatwestAnnouncement

08/06/2020 15:25

RNS Number : 3006P
  
Royal Bank of Scotland Group PLC
  
08 June 2020
  
 

8 June 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 conditional deferred awards over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) vested on 8 June 2020 to the PDMRs set out below. The conditional deferred awards were granted under the RBS 2014 Employee Share Plan in March 2020. 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 net of tax 




Robert Begbie


Interim CEO, NatWest Markets


63,912


30,724


33,1881




42,2282


20,300


21,928




Peter Flavel


CEO, Private Banking


40,161


18,905


21,2561




42,2282


19,877


22,351




John-Paul Thwaite


CEO, Commercial Banking


49,217


23,167


26,0501




42,2282


19,911


22,317




1 These Shares are subject to a 12 month retention period.




2 These Shares were calculated with reference to a transaction price of £1.3735



 
The market price used to meet associated tax liabilities was £1.3645. 
 
2.  The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:-
 



Name of PDMR


Position of PDMR


No. of Shares sold


Sale price


Date of transaction




John-Paul Thwaite


CEO, Commercial Banking


22,317


£1.3645


8 June 2020



 
All of the above transactions took place on the London Stock Exchange (XLON).
 
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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