Director/PDMR Shareholding

RNS Number : 8674V

Royal Bank of Scotland Group PLC

12 August 2015

 

The Royal Bank of Scotland Group plc

12 August 2015

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH DTR3.1.2R AND DTR 3.1.4R

1.   The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of £1 each in the Company ("Shares") were delivered to the PDMRs on 12 August 2015, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the six month period ended 30 June 2015.

The number of Shares delivered, the number of Shares sold to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-

PDMR	No. of Shares delivered	No. of Shares sold to satisfy associated tax liability	No. of Shares retained
Elaine Arden	41,691	19,625	22,066
Mark Bailie	140,243	66,014	74,229
Chris Marks	140,243	66,014	74,229
Leslie Matheson	79,756	37,542	42,214
Ross McEwan	145,012	68,259	76,753
Simon McNamara	87,006	40,955	46,051
Jonathan Pain	43,504	20,478	23,026
Alison Rose	87,006	40,955	46,051
David Stephen	90,632	42,662	47,970
Ewen Stevenson	116,009	54,607	61,402

The market price used to determine the number of Shares delivered was £3.448. Shares retained after payment of associated tax liabilities are held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a five year retention period.

In February 2015, Mr McEwan confirmed that he did not intend to benefit from his 2015 fixed share allowance.  In light of this commitment, he will transfer the net of tax shares retained to charity when they are released over the course of the five year retention period.

2.   The Company also announces the vesting of 95,318 Shares to Mr McEwan arising from a conditional share award under the RBS 2010 Long Term Incentive Plan.  This award was granted on 30 August 2012 on Mr McEwan's appointment as CEO of UK Retail to replace awards which he forfeited on leaving Commonwealth Bank of Australia.  The award was subject to RBS performance conditions measured over a three year period to 31 December 2014.

A total of 44,867 Shares have been sold at £3.403 per share to meet the immediate tax liabilities arising on vesting.  Mr McEwan has retained the remaining 50,451 vested Shares, which are subject to a six month retention period following vesting.

For further information contact:-

RBS Media Relations - [phone]

Person responsible for making notification:-

Aileen Taylor, Company Secretary

 

END

 

 

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