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RNS Number : 7197Y
Royal Bank of Scotland Group PLC
10 May 2019
 

10 May 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 8 May 2019, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2019 and have been calculated using a share price of £2.3874.

 

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

52,359

24,609

     27,750

Mark Bailie

CEO, Bó

83,774

39,374

     44,400

Helen Cook

Chief HR Officer

24,609

11,567

     13,042

Bruce Fletcher

Chief Risk Officer, RBS Group

62,830

29,531

     33,299

Chris Marks

CEO, NatWest Markets

104,717

49,217

     55,500

Les Matheson

CEO, Personal Banking

62,830

30,159

     32,671

Katie Murray

Chief Financial Officer

157,075

73,826

     83,249

Ross McEwan

Chief Executive

209,433

98,434

   110,999

Andrew McLaughlin1

CEO, RBS International

31,415

Nil

     31,415

Simon McNamara

Chief Administrative Officer

68,066

32,672

     35,394

Alison Rose

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

89,009

41,835

     47,174

David Wheldon

Chief Marketing Officer

23,562

11,075

     12,487

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 £2.352.  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.

 

2.   The Company announces that on 8 May 2019 Ross McEwan, transferred 27,602 Shares to charity for nil consideration.  The transfer is in line with the commitments Mr McEwan made in February 2015 and February 2016 to transfer all of his 2015 fixed share allowance and half of his 2016 fixed share allowance to charity.  Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to such Shares.  The transfer took place outside of a trading venue.

 

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: 233.9

Market: LSE
Market Cap: £28.31 billion
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