Director/PDMR Shareholding

RNS Number : 9592V

Royal Bank of Scotland Group PLC

08 November 2017

 

8 November 2017

The Royal Bank of Scotland Group plc

Legal Entity Identifier: 2138005O9XJIJN4JPN90

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 2017, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the six month period ending 31 December 2017 and have been calculated using a share price of £2.8232.

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
Mark Bailie	Chief Operating Officer	141,684	66,592	75,092
Helen Cook	Chief HR Officer	37,635	17,689	19,946
Chris Marks	Chief Executive, NatWest Markets	141,684	66,592	75,092
Les Matheson	Chief Executive, Personal & Business Banking	106,263	49,944	56,319
Ross McEwan	Chief Executive	177,104	83,239	93,865
Simon McNamara	Chief Administrative Officer	115,118	54,106	61,012
Alison Rose	Chief Executive, Commercial & Private Banking	132,828	62,430	70,398
David Stephen	Chief Risk Officer	123,973	58,268	65,705
Ewen Stevenson	Chief Financial Officer	141,684	66,592	75,092
David Wheldon	Chief Marketing Officer	39,849	18,730	21,119

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 £2.764.  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 November 2017 Ross McEwan, Chief Executive, transferred 30,664 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.

For further information contact:-

RBS Investor Relations
Alexander Holcroft
Head of Equity Investor Relations
[phone]

RBS Media Relations  

[phone]

 

END

 

 

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