REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

11/05/2022 16:30

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RNS Number : 1618L  NatWest Group plc  11 May 2022

11 May 2022

 

NatWest Group plc

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY (PDMRs) in accordance with Article 19 of the Market Abuse
Regulation

 

NatWest Group plc (the Company) announces that ordinary shares of £1 each in
the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 10 May
2022, under the NatWest Group 2014 Employee Share Plan (the Plan), as set out
below.

 

The Shares delivered represent payment of a fixed share allowance (FSA) for
the three month period ending 30 June 2022 and have been calculated using a
Share price of £2.1588.

 

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

                                                                    37,637                   18,565                                                      19,072

 Robert Begbie          CEO, NatWest Markets

                                                                    28,952                   13,991                                                      14,961

 Peter Flavel           CEO, Wealth Businesses

                                                                    38,795                   18,747                                                      20,048

 Bruce Fletcher         Chief Risk Officer, NatWest Group

                                                                    37,637                   18,188                                                      19,449

 David Lindberg         CEO, Retail Banking

                                                                    17,371                   0                                                           17,371

 Andrew McLaughlin(1)   CEO, RBS International

                                                                    37,637                   18,565                                                      19,072

 Simon McNamara         Chief Administrative Officer

                                                                    88,591                   42,810                                                      45,781

 Katie Murray           Chief Financial Officer

                                                                    129,934                  62,788                                                      67,146

 Alison Rose            Chief Executive Officer

                                                                    36,190                   17,488                                                      18,702

 John-Paul Thwaite      CEO, Commercial Banking

                                                                    47,770                   23,084                                                      24,686

 Jen Tippin             Chief People & Transformation Officer

 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.

The market price used to determine the number of Shares withheld to meet
associated tax liabilities was £2.0726. Shares retained after payment of
associated tax liabilities will be held on behalf of PDMRs in the
Computershare Share Plan Account and will be released in instalments over a
three year period.

 

 

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

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

 

For further information contact:-

 

NatWest Group Investor Relations

Alexander Holcroft

Head of Investor Relations

+44(0)20 7672 1758

 

NatWest Group Media Relations

+44(0)131 523 4205

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