REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

08/09/2022 14:00

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RNS Number : 8071Y  NatWest Group plc  08 September 2022

8 September 2022

 

NatWest Group plc

 

 

INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL
RESPONSIBILITY (PDMR) in accordance with Article 19 of the Market Abuse
Regulation

 

NatWest Group plc (the Company) announces that on 7 September 2022, a buy-out
award over ordinary shares of £1 each in the Company (Shares) (ISIN:
GB00BM8PJY71) vested to the PDMR set out below. The buy-out award had been
granted in order to replace awards forfeited by the PDMR on leaving previous
employment.

 

The number of Shares withheld to meet associated tax liabilities arising on
vesting and the number of vested Shares retained by the 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 retained
 Jen Tippin    Chief People & Transformation Officer      1,106                 535                                                         571

 

The market price used to determine the number of Shares withheld to meet
associated tax liabilities was £2.536.

 

Vested Shares retained after payment of associated tax liabilities will, where
applicable, be subject to retention periods which mirror the retention periods
applicable to the PDMR's original awards from their previous employer.

 

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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