REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

29/08/2023 15:00

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RNS Number : 6911K  NatWest Group plc  29 August 2023

29 August 2023

 

NatWest Group plc

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSON DISCHARGING MANAGERIAL
RESPONSIBILITY (PDMR) 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 the PDMR on
25 August 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 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 the 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

 Paul Thwaite(1)                                  57,803                   27,209                                                      30,594

                  Group Chief Executive Officer

 (1)  On 8 August 2023, Paul Thwaite received a fixed share allowance for the
 three month period ending 30 September 2023, calculated in accordance with his
 entitlement as Chief Executive Officer Commercial and Institutional,
 Ring-Fenced Bank.  Subsequently, Paul Thwaite's remuneration arrangements as
 Group Chief Executive Officer have been confirmed. The number of shares
 delivered as set out above represents the difference between his previous
 fixed share allowance entitlement for the three month period ending 30
 September 2023 and his fixed share allowance of £1,050,000 per annum as Group
 Chief Executive Officer with effect from 25 July 2023.

* 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 £2.2670. Shares retained after payment of
associated tax liabilities will be held on behalf of the PDMR and will be
released in instalments over a 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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