REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

10/08/2023 15:30

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RNS Number : 9500I  NatWest Group plc  10 August 2023

10 August 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 8
August under the NatWest Group 2014 Employee Share Plan, as set out below.

 

The Shares delivered represent payment of a fixed share allowance for the
three month period ending 30 September 2023 and have been calculated using a
Share price of £2.3796.

 

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, Commercial & Institutional Non Ring-Fenced Bank and CEO, NatWest      15,759                   7,734                                                       8,025

                Markets
 Robert Begbie

 Keiran Foad      Group Chief Risk Officer                                                   43,338                   20,400                                                      22,938
                  CEO, Retail Banking                                                        34,145                   16,073                                                      18,072

 David Lindberg

 Scott Marcar                                                                                43,338                   20,400                                                      22,938

                  Group Chief Information Officer

 Katie Murray                                                                                82,782                   38,966                                                      43,816

                  Group Chief Financial Officer

 Paul Thwaite(1)                                                                             32,832                   15,455                                                      17,377

                  Group Chief Executive Officer

 Jen Tippin                                                                                  43,338                   20,400                                                      22,938

                  Group Chief People & Transformation Officer

 (1) The award has been calculated with reference to Paul Thwaite's fixed share
 allowance entitlement as Chief Executive Officer Commercial and Institutional,
 Ring-Fenced Bank. Further disclosures relating to Paul Thwaite's remuneration
 arrangements as Group Chief Executive Officer will be made in due course.

* 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 £2.3939. 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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