Director/PDMR Shareholding

RNS Number : 4953G

Royal Bank of Scotland Group PLC

07 May 2014

 

The Royal Bank of Scotland Group plc

7 May 2014

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONSIN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1.   The Royal Bank of Scotland Group plc (the "Company") announces that the conditional award over ordinary shares of £1 in the Company (the "Shares"), granted under the RBS 2010 Long Term Incentive Plan on 8 November 2013 to the Person Discharging Managerial Responsibility ("PDMR") set out below, vested on 7 May 2014.  The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by the PDMR is set out below:-

PDMR	No. of Shares vested	No. of Shares sold to satisfy relevant tax liability	No. of Shares retained
Simon McNamara	43,308	20,386	22,922

The market price per Share on the date of vesting was £3.233.  Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.

2.   The Company also announces that it was notified on 6 May 2014 of the sale, on that date, of Shares held in the Computershare Nominee Service Account by the PDMR set out below:-

PDMR	No. of Shares Sold	Price per share
Bruce Van Saun	40,000	£3.305

For further information contact:-

Group Media Relations - [phone]

Person responsible for making notification:-

Aileen Taylor, Company Secretary and Chief Corporate Governance Officer

 

END

 

 

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