REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

10/11/2022 16:00

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RNS Number : 0384G  NatWest Group plc  10 November 2022

10 November 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
£1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to
PDMRs on 7 November 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 31 December 2022 and have been calculated using
a Share price of £2.3316.

 

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

                                                                                        16,084                   7,732                                                       8,352

 Robert Begbie       CEO, NatWest Markets

                                                                                        26,806                   12,618                                                      14,188

 Peter Flavel        CEO, Wealth Businesses

                                                                                        35,920                   16,908                                                      19,012

 Bruce Fletcher      Chief Risk Officer, NatWest Group

                                                                                        34,848                   16,404                                                      18,444

 David Lindberg      CEO, Retail Banking

                                                                                        57,633                   27,129                                                      30,504

 Scott Marcar        Chief Information Officer

                                                                                        2,145                    1,010                                                       1,135

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

 Andrew McLaughlin

                                                                                        82,026                   38,611                                                      43,415(1)

 Katie Murray        Chief Financial Officer

                                                                                        120,304                  56,628                                                      63,676(1)

 Alison Rose         Chief Executive Officer

                                                                                        33,508                   15,773                                                      17,735

                     CEO, Commercial & Institutional for the ring-fenced bank

 John-Paul Thwaite
                                                                                        44,230                   20,820                                                      23,410

 Jen Tippin          Chief People & Transformation Officer

 1.     The shares will be released in instalments over a five year period.

* Note: the nominal value of ordinary shares without rounding is
£1.076923076923077 per share

 

The market price used to determine the number of Shares withheld to meet
associated tax liabilities was £2.3812. 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, unless otherwise indicated above.

 

2.   The Company also 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 sold  Date  Shares sold

 Alison Rose   Chief Executive Officer   250,000             £2.3910               10 November 2022

 

 

3.   The Company also announces that on 7 November 2022, a conditional
Buy-out award (Award) was granted under the Plan to the PDMR set out below in
order to replace awards forfeited by the individual on leaving their previous
employer.

 

 Name of PDMR  Position of PDMR           Award price  No. of Shares granted
 Scott Marcar  Chief Information Officer  £2.6169(2)   581,681

 2.     The Award price has been calculated using a 5 day average Share
 price taken immediately prior to the PDMR joining the Company.

 

 

 

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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