Director/PDMR Shareholding

RNS Number : 9745X

Royal Bank of Scotland Group PLC

11 May 2016

 

The Royal Bank of Scotland Group plc

11 May 2016

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 11 May 2016, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the six month period ended 30 June 2016.

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:-

PDMR	No. of Shares delivered	No. of Shares withheld to satisfy associated tax liability	No. of Shares retained
Elaine Arden	66,459	31,236	35,223
Mark Bailie	184,929	86,917	98,012
Chris Marks	184,929	86,917	98,012
Leslie Matheson	132,918	62,472	70,446
Ross McEwan	231,161	108,646	122,515
Simon McNamara	144,476	67,904	76,572
Jonathan Pain	69,349	32,595	36,754
Alison Rose	150,255	70,620	79,635
David Stephen	156,034	73,336	82,698
Ewen Stevenson	184,929	86,917	98,012
David Wheldon	52,012	24,446	27,566

The market price used to determine the number of Shares delivered was £2.163. 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 period.

In February 2016, Mr McEwan confirmed that he intended to transfer half of his 2016 fixed share allowance to charity.  In light of this commitment, he will transfer half of his retained shares to charity when they are released over the course of the five year period.

2.   The Company also announces that on 10 May 2016 Mr McEwan transferred 15,350 Shares to charity for nil consideration.  The transfer is in line with the commitment Mr McEwan made in February 2015 not to benefit from his 2015 fixed share allowance.  Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to the Shares.      

For further information contact:-

RBS Media Relations - [phone]

Person responsible for making notification:-

Aileen Taylor, Company Secretary

 

END

 

 

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