REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

10/08/2022 16:30

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RNS Number : 6095V  NatWest Group plc  10 August 2022

10 August 2022

 

NatWest Group plc

 

 

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

 

1.   NatWest Group plc (the Company) announces that ordinary shares of £1
each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 8
August 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 September 2022 and have been calculated using
a Share price of £2.5034.

 

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

                                                                                        14,980                   7,389                                                       7,591

 Robert Begbie       CEO, NatWest Markets

                                                                                        24,967                   12,065                                                      12,902

 Peter Flavel        CEO, Wealth Businesses

                                                                                        33,455                   16,167                                                      17,288

 Bruce Fletcher      Chief Risk Officer, NatWest Group

                                                                                        32,456                   15,684                                                      16,772

 David Lindberg      CEO, Retail Banking

                                                                                        1,998                    966                                                         1,032

 Andrew McLaughlin   CEO, Commercial & Institutional for the non-ring-fenced bank

                                                                                        32,456                   16,009                                                      16,447

 Simon McNamara      Chief Administrative Officer

                                                                                        76,397                   36,917                                                      39,480

 Katie Murray        Chief Financial Officer

                                                                                        112,048                  54,145                                                      57,903

 Alison Rose         Chief Executive Officer

                                                                                        31,208                   15,081                                                      16,127

 John-Paul Thwaite   CEO, Commercial & Institutional for the ring-fenced bank

                                                                                        41,194                   19,906                                                      21,288

 Jen Tippin          Chief People & Transformation Officer

 

The market price used to determine the number of Shares withheld to meet
associated tax liabilities was £2.5350. 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.

 

2.   The Company announces that it has been notified of the PDMR set out
below selling Shares on the date and at the price indicated:

 

 Name of PDMR    Position of PDMR                   No. of Shares sold  Price of Shares purchased  Date  Shares purchased

 Bruce Fletcher  Chief Risk Officer, NatWest Group  56,000              £2.537                     8 August 2022

 

 

3.   The Company announces that it has been notified of the PDMR set out
below purchasing Shares on the date and at the price indicated:

 

 Name of PDMR  Position of PDMR                                  No. of Shares purchased  Price of Shares purchased  Date  Shares purchased

 Ian Cormack   Non-executive Director, NatWest Holdings Limited  30,000                   £2.539                     8 August 2022

 

 

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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