Director/PDMR Shareholding

RNS Number : 7197Y

Royal Bank of Scotland Group PLC

10 May 2019

 

10 May 2019

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 8 May 2019, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2019 and have been calculated using a share price of £2.3874.

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
Vanessa Bailey	Chief Risk Officer, NatWest Holdings	52,359	24,609	27,750
Mark Bailie	CEO, Bó	83,774	39,374	44,400
Helen Cook	Chief HR Officer	24,609	11,567	13,042
Bruce Fletcher	Chief Risk Officer, RBS Group	62,830	29,531	33,299
Chris Marks	CEO, NatWest Markets	104,717	49,217	55,500
Les Matheson	CEO, Personal Banking	62,830	30,159	32,671
Katie Murray	Chief Financial Officer	157,075	73,826	83,249
Ross McEwan	Chief Executive	209,433	98,434	110,999
Andrew McLaughlin1	CEO, RBS International	31,415	Nil	31,415
Simon McNamara	Chief Administrative Officer	68,066	32,672	35,394
Alison Rose	Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking	89,009	41,835	47,174
David Wheldon	Chief Marketing Officer	23,562	11,075	12,487
1. The award was made when the PDMR was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority.

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 £2.352.  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 May 2019 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:-

RBSG Investor Relations
Alexander Holcroft

Head of Investor Relations
[phone]

RBSG Media Relations 

[phone]

 

END

 

 

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