Director/PDMR Shareholding

RNS Number : 6095V

NatWest Group plc

10 August 2022

 

10 August 2022

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the Market Abuse Regulation

1.  NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 8 August 2022, under the NatWest Group 2014 Employee Share Plan (the Plan), as set out below. 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 September 2022 and have been calculated using a Share price of £2.5034.

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
Robert Begbie	CEO, NatWest Markets	14,980	7,389	7,591
Peter Flavel	CEO, Wealth Businesses	24,967	12,065	12,902
Bruce Fletcher	Chief Risk Officer, NatWest Group	33,455	16,167	17,288
David Lindberg	CEO, Retail Banking	32,456	15,684	16,772
Andrew McLaughlin	CEO, Commercial & Institutional for the non-ring-fenced bank	1,998	966	1,032
Simon McNamara	Chief Administrative Officer	32,456	16,009	16,447
Katie Murray	Chief Financial Officer	76,397	36,917	39,480
Alison Rose	Chief Executive Officer	112,048	54,145	57,903
John-Paul Thwaite	CEO, Commercial & Institutional for the ring-fenced bank	31,208	15,081	16,127
Jen Tippin	Chief People & Transformation Officer	41,194	19,906	21,288

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.5350. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Share Plan Account and will be released in instalments over a three year period.

2.  The Company announces that it has been notified of the PDMR set out below selling Shares on the date and at the price indicated:

Name of PDMR	Position of PDMR	No. of Shares sold	Price of Shares purchased	Date  Shares purchased
Bruce Fletcher	Chief Risk Officer, NatWest Group	56,000	£2.537	8 August 2022

3.  The Company announces that it has been notified of the PDMR set out below purchasing Shares on the date and at the price indicated:

Name of PDMR	Position of PDMR	No. of Shares purchased	Price of Shares purchased	Date  Shares purchased
Ian Cormack	Non-executive Director, NatWest Holdings Limited	30,000	£ 2.539	8 August 2022

The above transactions took place on the London Stock Exchange (XLON) .

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

NatWest Group Investor Relations
Alexander Holcroft

Head of Investor Relations
[phone]

NatWest Group Media Relations 

[phone]

 

END

 

 

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