Director/PDMR Shareholding

RNS Number : 0004O
Royal Bank of Scotland Group PLC
14 May 2018
 

14 May 2018

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 11 May 2018, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2018 and have been calculated using a share price of £2.7064.

 

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

No. of Shares delivered

No. of Shares withheld to satisfy associated tax liability

No. of Shares retained

Mark Bailie

73,899

34,733

39,166

Helen Cook

20,207

9,498

10,709

Chris Marks

83,137

39,075

44,062

Les Matheson

55,425

26,604

28,821

Ross McEwan

184,748

86,832

97,916

Simon McNamara

60,043

28,821

31,222

Alison Rose

71,590

33,648

37,942

David Stephen

64,662

30,392

34,270

Ewen Stevenson

147,798

69,466

78,332

David Wheldon

20,785

9,769

11,016

 

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 £2.941.  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 11 May 2018 Ross McEwan, transferred 27,602 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.

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

For further information contact:-

 

RBS Investor Relations
Alexander Holcroft
Head of Equity Investor Relations
+44 20 7672 1758

 

RBS Media Relations  

+44(0)131 523 4205

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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