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viewRoyal Bank of Scotland

Royal Bk Scot.Grp. - Director/PDMR Shareholding

RNS Number : 9454M
Royal Bank of Scotland Group PLC
14 May 2020
 

14 May 2020

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 May 2020, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 June 2020, unless otherwise indicated below, and have been calculated using a share price of £1.111.

 

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

56,241

26,473

29,768

Helen Cook

Chief HR Officer

27,558

12,972

14,586

Bruce Fletcher

Chief Risk Officer, RBS Group

67,489

31,768

35,721

Peter Flavel

CEO, Private Banking

50,649

23,841

26,808

Les Matheson

CEO, Personal Banking

67,489

32,444

35,045

Andrew McLaughlin1

CEO, RBS International

33,745

-

33,745

Simon McNamara

Chief Administrative Officer

73,113

35,147

37,966

Katie Murray2

Chief Financial Officer

337,443

158,837

178,606

Alison Rose3

Chief Executive Officer

269,955

127,070

142,885

John Paul Thwaite

 

CEO, Commercial Banking

50,617

23,826

26,791

1. The FSA was delivered when Andrew McLaughlin 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.

2. Katie Murray's FSA represents payment for the period from 1 January 2020 to 30 June 2020.

3. Alison Rose's FSA represents payment for the period from 1 January 2020 to 8 April 2020. Alison Rose has waived her entitlement to 25% of her total fixed pay for the period 9 April 2020 to 31 December 2020 and this is being effected through a reduction in the number of shares she receives by way of FSA.

 

 

The above transactions took place on the London Stock Exchange (XLON).  The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.065.  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


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DSHFLFELESISLII

Quick facts: Royal Bank of Scotland

Price: 120.7

Market: LSE
Market Cap: £14.65 billion
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