Director/PDMR Shareholding

RNS Number : 4276R

Royal Bank of Scotland Group PLC

08 March 2016

 

The Royal Bank of Scotland Group plc

8 March 2016

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY IN ACCORDANCE WITH DTR 3.1.2R AND DTR 3.1.4R

1.   The Royal Bank of Scotland Group plc (the "Company") announces that conditional deferred awards over ordinary shares of £1 in the Company ("Shares") vested on 7 March 2016 to the Persons Discharging Managerial Responsibility ("PDMRs") set out below. The conditional deferred awards were granted under the RBS 2010 Deferral Plan between March 2013 and March 2015. The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-

PDMR	No. of Shares vested	No. of Shares sold to satisfy relevant tax liability	No. of vested Shares retained
Elaine Arden	7,545	3,547	3,998
Mark Bailie	415,076	195,087	219,989
Chris Marks	415,076	195,087	219,989
Leslie Matheson	4,856	2,283	2,573
Ross McEwan	18,797	8,835	9,962
Alison Rose	102,308	48,086	54,222
David Stephen	21,053	9,895	11,158

The market price per Share on the date of vesting was £2.303.  Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.

2.   The Company announces that conditional long term incentive awards over Shares vested on 7 March 2016 (where stated) or 8 March 2016 to the PDMRs set out below.  The conditional long term incentive awards were granted under the RBS 2010 Long Term Incentive Plan in March 2013 (or as otherwise stated).  The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-

PDMR	No. of Shares vested	No. of Shares sold to satisfy relevant tax liability	No. of Shares retained
Elaine Arden	108,668	51,074	57,594
Mark Bailie	75,972	35,707	40,265
Chris Marks	75,972	35,707	40,265
Leslie Matheson	72,704	34,171	38,533
Ross McEwan	431,614	202,859	228,755
Simon McNamara1	71,773	33,734	38,039
Alison Rose	179,011	84,136	94,875
David Stephen	113,398	53,298	60,100
Ewen Stevenson2	147,354	69,257	78,097
1 Granted and announced on 8 November 2013 and vested on 7 March 2016.
2 Granted and announced on 19 May 2014 and vested on 7 March 2016.

The market price per Share for those that vested on 7 March 2016 was £2.303.  The market price per Share for those that vested on 8 March 2016 was £2.301. Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.

3.   The Company announces that conditional long term incentive awards over Shares have been granted on 8 March 2016 under the RBS 2014 Employee Share Plan to the PDMRs set out below.  The awards are eligible to vest in equal tranches in 2020 and 2021, subject to the achievement of performance conditions. Malus provisions will apply up until vest and clawback provisions will also apply for a period of seven years from the date of grant. 

PDMR	No. of Shares representing the initial notional value of award at grant	Maximum no. of Shares eligible to vest
Elaine Arden	233,898	487,287
Mark Bailie	462,480	963,498
Chris Marks	462,480	963,498
Leslie Matheson	265,793	553,735
Ross McEwan	569,860	1,187,207
Simon McNamara	297,688	620,183
Jonathan Pain	233,898	487,287
Alison Rose	297,688	620,183
David Stephen	276,425	575,884
Ewen Stevenson	457,164	952,424
David Wheldon	159,476	332,241

The market price per Share used on the grant of the above awards was £2.2574.  Vested Shares retained after payment of relevant tax liabilities will be subject to a six month retention period from vesting.

For further information contact:-

RBS Media Relations - [phone]

Person responsible for making notification:-

Aileen Taylor, Company Secretary

 

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