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Director/PDMR Shareholding

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RNS Number : 8544S
Royal Bank of Scotland Group PLC
08 November 2019
 

8 November 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 7 November 2019, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2019, unless otherwise indicated below, and have been calculated using a share price of £2.149

 

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

Alison Rose1

Chief Executive Officer

101,811

47,852

53,959

Andrew McLaughlin2

CEO, RBS International

17,454

-

17,454

Bruce Fletcher

 

Chief Risk Officer

34,907

16,407

18,500

Chris Marks

CEO, NatWest Markets

58,178

27,344

30,834

David Wheldon

Chief Marketing Officer

13,090

6,153

6,937

Helen Cook

 

Chief HR Officer

14,254

6,700

7,554

Katie Murray3

 

Chief Financial Officer

174,533

82,031

92,502

Les Matheson

CEO, Personal Banking

34,907

16,756

18,151

Mark Bailie

 

CEO, Bó

46,542

21,875

24,667

Simon McNamara

Chief Administrative Officer

37,816

18,152

19,664

Vanessa Bailey

Chief Risk Officer, NatWest Holdings

29,089

13,672

15,417

1. Alison Rose's fixed share allowance represents payment for the period from 1 October 2019 to 31 October 2019 in respect of her role as Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking, and 1 November 2019 to 31 December 2019 in respect of her role as Chief Executive Officer.

2. The fixed share allowance 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.

3. Katie Murray's fixed share allowance represents payment for the period from 1 July 2019 to 31 December 2019.

 

 

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 £2.157.  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.
 
END
 
 
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Quick facts: Royal Bank of Scotland

Price: 228

Market: LSE
Market Cap: £27.57 billion
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