Director/PDMR Shareholding

RNS Number : 9558V
NatWest Group plc
12 August 2020
 

12 August 2020

 

NatWest 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.  NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 11 August 2020, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 September 2020 and have been calculated using a share price of £1.1159.

 

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

  56,009

26,364

  29,645

Robert Begbie

CEO, NatWest Markets

  72,812

35,003

  37,809

Helen Cook

Chief HR Officer

  27,445

12,919

  14,526

Bruce Fletcher

Chief Risk Officer, NatWest Group

  67,211

31,637

  35,574

Peter Flavel

CEO, Private Banking

  50,440

23,743

  26,697

Les Matheson

CEO, Personal Banking

  67,211

32,310

  34,901

Andrew McLaughlin 1

CEO, RBS International

  33,606

-

  33,606

Simon McNamara

Chief Administrative Officer

  72,812

35,003

  37,809

Katie Murray

Chief Financial Officer

  168,026

79,091

  88,935

Alison Rose 2

Chief Executive Officer

  88,648

41,728

  46,920

John Paul Thwaite

 

CEO, Commercial Banking

  50,408

23,728

  26,680

1 . The FSA was delivered when Andrew McLaughlin 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.

2. Alison Rose has waived her entitlement to 25% of her total fixed pay for the period 9 April 2020 to 31 December 2020 and this is being effected through a reduction in the number of Shares she receives by way of FSA.

 

 

The above transactions took place on the London Stock Exchange (XLON) .  The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.1836.   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.

 

 

Legal Entity Identifier:
NatWest Group plc - 2138005O9XJIJN4JPN90
NatWest Markets Plc - RR3QWICWWIPCS8A4S074
NatWest Holdings Limited - 
213800GDQMMREYFLQ454

 

 

 

For further information contact:-

 

NatWest Group Investor Relations
Alexander Holcroft

Head of Investor Relations
+44(0)20 7672 1758

 

NatWest Group Media Relations 

+44(0)131 523 4205


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