Last checked at 8 Sep 2022 14:00
8 September 2022
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) in accordance with Article 19 of the Market Abuse Regulation
NatWest Group plc (the Company) announces that on 7 September 2022, a buy-out award over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00BM8PJY71) vested to the PDMR set out below. The buy-out award had been granted in order to replace awards forfeited by the PDMR on leaving previous employment.
The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by the PDMR is set out below:-
Name of PDMR | Position of PDMR | No. of Shares vested | No. of Shares withheld to satisfy associated tax liability | No. of vested Shares retained |
Jen Tippin
| Chief People & Transformation Officer | 1,106 | 535 | 571 |
The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.536.
Vested Shares retained after payment of associated tax liabilities will, where applicable, be subject to retention periods which mirror the retention periods applicable to the PDMR's original awards from their previous employer.
The above transactions took place on the London Stock Exchange (XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor RelationsAlexander Holcroft
Head of Investor Relations+44(0)20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205