REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

08/06/2023 15:00

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RNS Number : 1485C  NatWest Group plc  08 June 2023

8 June 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 deferred awards (Deferred
Awards) over ordinary shares of £1.0769* each in the Company (Shares) (ISIN:
GB00BM8PJY71) vested on 7 June 2023, under the NatWest Group plc 2014
Employee Share Plan (the Plan), to the PDMRs set out below. The awards were
granted under the Plan on 7 March 2023.

 

The number of Shares withheld to meet associated tax liabilities arising on
vesting and the number of vested Shares retained by each 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

                                                                                  65,810                32,296                                                      33,514

 Robert Begbie       CEO, NatWest Markets

 Peter Flavel                                                                     52,858                24,881                                                      27,977

                     CEO, Wealth Businesses

 Oliver Holbourn(1)  CEO, RBS International                                       58,320                -                                                           58,320
 David Lindberg      CEO, Retail Banking                                          85,642                40,313                                                      45,329
 Scott Marcar                                                                     98,929                46,567                                                      52,362

                     Group Chief Information Officer

 Andrew McLaughlin                                                                54,196                24,425                                                      29,771

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

 Katie Murray        Group Chief Financial Officer                                73,596                34,643                                                      38,953
                                                                                  113,820               53,576                                                      60,244

 Alison Rose         Group Chief Executive Officer

                     CEO, Commercial & Institutional (ring-fenced bank)           63,764                30,015                                                      33,749

 John-Paul Thwaite

                                                                                  101,720               47,881                                                      53,839

 Jen Tippin          Chief People & Transformation Officer

 1.     The award was granted when the PDMR 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.

 

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

The market price used to meet associated tax liabilities was £2.5972.

 

Vested Shares retained after payment of associated tax liabilities will be
subject to a twelve-month retention period.

 

All of 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 20 7672 1758

 

NatWest Group Media Relations

+44(0)131 523 4205

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