REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

12/05/2023 15:00

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RNS Number : 3030Z  NatWest Group plc  12 May 2023

12 May 2023

 

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 £1.0769*
each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 11
May 2023, under the NatWest Group 2014 Employee Share Plan (the Plan), as set
out below.

 

The Shares delivered represent payment of a fixed share allowance for the
three month period ending 30 June 2023 and have been calculated using a Share
price of £2.5726.

 

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

                     CEO, NatWest Markets                                           14,577                   7,154                                                       7,423

 Robert Begbie

                                                                                    24,295                   11,436                                                      12,859

 Peter Flavel        CEO, Wealth Businesses
 Keiran Foad         Group Chief Risk Officer                                       36,746                   17,297                                                      19,449
                     CEO, Retail Banking                                            31,583                   14,867                                                      16,716

 David Lindberg

 Scott Marcar                                                                       40,086                   18,869                                                      21,217

                     Chief Information Officer

                                                                                    1,944                    877                                                         1,067

 Andrew McLaughlin   CEO, Commercial & Institutional (non-ring-fenced bank)

 Katie Murray                                                                       76,572                   36,043                                                      40,529

                     Chief Financial Officer

                                                                                    112,305                  52,863                                                      59,442

 Alison Rose         Chief Executive Officer

 John-Paul Thwaite                                                                  30,369                   14,295                                                      16,074

                     CEO, Commercial & Institutional for the ring-fenced bank

 Jen Tippin                                                                         40,086                   18,869                                                      21,217

                     Chief People & Transformation Officer

* 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 £2.59848. Shares retained after payment of
associated tax liabilities will be held on behalf of PDMRs and will be
released in instalments over a three or five 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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