Director/PDMR Shareholding

RNS Number : 0384G
NatWest Group plc
10 November 2022
 

10 November 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 £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71 ) were delivered to PDMRs on 7 November 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 31 December 2022 and have been calculated using a Share price of £2.3316.

 

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

16,084

7,732

8,352

 

Peter Flavel

 

 

CEO, Wealth Businesses

26,806

12,618

14,188

 

Bruce Fletcher

 

Chief Risk Officer, NatWest Group

 

35,920

16,908

19,012

 

David Lindberg

 

 

CEO, Retail Banking

34,848

16,404

18,444

 

Scott Marcar

 

Chief Information Officer

 

57,633

27,129

30,504

 

 

Andrew McLaughlin

 

 

CEO, Commercial & Institutional for the non-ring-fenced bank

 

2,145

1,010

1,135

 

Katie Murray

 

Chief Financial Officer

 

82,026

38,611

43,415 1

 

Alison Rose

 

 

Chief Executive Officer

 

120,304

56,628

63,676 1

 

 

John-Paul Thwaite

 

CEO, Commercial & Institutional for the ring-fenced bank

 

33,508

15,773

17,735

 

Jen Tippin

 

Chief People & Transformation Officer

 

44,230

20,820

23,410

1.  The shares will be released in instalments over a five year period.

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share

 

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.3812. 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, unless otherwise indicated above.

 

2.  The Company also 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 sold

 

Date  Shares sold

 

Alison Rose

 

Chief Executive Officer

 

 

250,000

 

£2.3910

 

10 November 2022

 

 

3.  The Company also announces that on 7 November 2022, a conditional Buy-out award (Award) was granted under the Plan to the PDMR set out below in order to replace awards forfeited by the individual on leaving their previous employer.

 

Name of PDMR

Position of PDMR

Award price

No. of Shares granted

Scott Marcar

Chief Information Officer

£2.6169 2

581,681

 

2.  The Award price has been calculated using a 5 day average Share price taken immediately prior to the PDMR joining the Company.

 

 

 

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
+44(0)20 7672 1758

 

NatWest Group Media Relations 

+44(0)131 523 4205

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