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Royal Bank of Scotland

Director/PDMR Shareholding

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RNS Number : 0817J
Royal Bank of Scotland Group PLC
14 August 2019
 

14 August 2019

The Royal Bank of Scotland Group plc

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

 

1.   The Royal Bank of Scotland Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 13 August 2019, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2019 and have been calculated using a share price of £2.029.

 

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

Vanessa Bailey

Chief Risk Officer, NatWest Holdings

30,796

14,475

16,321

Mark Bailie

CEO, Bó

49,274

23,159

26,115

Helen Cook

Chief HR Officer

15,090

7,093

7,997

Bruce Fletcher

Chief Risk Officer

36,955

17,369

19,586

Chris Marks

CEO, NatWest Markets

61,592

28,949

32,643

Les Matheson

CEO, Personal Banking

36,955

17,739

19,216

Andrew McLaughlin1

CEO, RBS International

18,478

0

18,478

Simon McNamara

Chief Administrative Officer

40,035

19,217

20,818

Alison Rose

Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking

52,353

24,606

27,747

David Wheldon

Chief Marketing Officer

13,859

6,514

7,345

1. The award was made 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.

 

 

The above transactions took place outside of a trading venue.  The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.028.  Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.

 

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

 

For further information contact:-

 

RBSG Investor Relations
Alexander Holcroft

Head of Investor Relations
+44(0)20 7672 1758

 

RBSG Media Relations 

+44(0)131 523 4205

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Royal Bank of Scotland

Price: £2.05

Market: LSE
Market Cap: £24.73 billion
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