Last checked at 10 Aug 2023 15:30
10 August 2023
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the Market Abuse Regulation
NatWest Group plc (the Company) announces that ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 8 August under the NatWest Group 2014 Employee Share Plan, as set out below.
The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2023 and have been calculated using a Share price of £2.3796.
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, Commercial & Institutional Non Ring-Fenced Bank and CEO, NatWest Markets | 15,759 | 7,734 | 8,025 |
Keiran Foad | Group Chief Risk Officer | 43,338 | 20,400 | 22,938 |
David Lindberg
| CEO, Retail Banking | 34,145 | 16,073 | 18,072 |
Scott Marcar |
Group Chief Information Officer
| 43,338 | 20,400 | 22,938 |
Katie Murray |
Group Chief Financial Officer
| 82,782 | 38,966 | 43,816 |
Paul Thwaite1 |
Group Chief Executive Officer
| 32,832 | 15,455 | 17,377 |
Jen Tippin |
Group Chief People & Transformation Officer
| 43,338 | 20,400 | 22,938 |
1 The award has been calculated with reference to Paul Thwaite's fixed share allowance entitlement as Chief Executive Officer Commercial and Institutional, Ring-Fenced Bank. Further disclosures relating to Paul Thwaite's remuneration arrangements as Group Chief Executive Officer will be made in due course. | ||||
* 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 £2.3939. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a three or five year period.
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