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
[phone]

NatWest Group Media Relations 

[phone]

 

END

 

 

DSHSFIFDEESSESA