Director/PDMR Shareholding

RNS Number : 9601G

Royal Bank of Scotland Group PLC

09 November 2018

 

9 November 2018

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 7 November 2018, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the six month period ending 31 December 2018, unless otherwise set out below, and have been calculated using a share price of £2.3932.

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	No. of Shares delivered	No. of Shares withheld to satisfy associated tax liability	No. of Shares retained
Vanessa Bailey	38,606	18,145	20,461
Mark Bailie	83,571	39,279	44,292
Helen Cook	23,505	11,048	12,457
Bruce Fletcher	29,523	13,876	15,647
Chris Marks	104,463	49,098	55,365
Les Matheson	62,678	30,086	32,592
Ross McEwan	208,926	98,196	110,730
Simon McNamara	67,901	32,593	35,308
Alison Rose	83,571	39,279	44,292
David Wheldon	23,505	11,048	12,457
[1] Vanessa Bailey's fixed share allowance represents payment for the period from 20 August 2018 to 31 December 2018, which coincides with her appointment into role. 2 Bruce Fletcher's fixed share allowance represents payment for the period from 5 October 2018 to 31 December 2018, which coincides with his appointment into role.

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 £2.482.  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 9 November 2018, Ross McEwan transferred 30,664 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.

3.   The Company also announces that a conditional award over 330,559 Shares  has been granted under the RBS 2014 Employee Share Plan on 7 November 2018 to Bruce Fletcher, the Company's Chief Risk Officer.  The market price per Share used on the grant of the award was £2.484.  The transfer took place outside of a trading venue.

This award has been granted to replace awards which Mr Fletcher has forfeited on leaving HSBC. The award is eligible to vest between March 2019 and March 2023 and is subject to malus and clawback provisions.  Vested Shares retained after payment of relevant tax liabilities will be subject to further retention requirements.

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

RBS Investor Relations
Alexander Holcroft
Head of Equity Investor Relations
[phone]

RBS Media Relations  

[phone]

 

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