Last checked at 12 May 2023 15:00
12 May 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 11 May 2023, under the NatWest Group 2014 Employee Share Plan (the Plan), as set out below.
The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 June 2023 and have been calculated using a Share price of £2.5726.
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, NatWest Markets | 14,577 | 7,154 | 7,423 |
Peter Flavel |
CEO, Wealth Businesses | 24,295 | 11,436 | 12,859 |
Keiran Foad | Group Chief Risk Officer | 36,746 | 17,297 | 19,449 |
David Lindberg
| CEO, Retail Banking | 31,583 | 14,867 | 16,716 |
Scott Marcar |
Chief Information Officer
| 40,086 | 18,869 | 21,217 |
Andrew McLaughlin
|
CEO, Commercial & Institutional (non-ring-fenced bank)
| 1,944 | 877 | 1,067 |
Katie Murray |
Chief Financial Officer
| 76,572 | 36,043 | 40,529 |
Alison Rose
|
Chief Executive Officer
| 112,305 | 52,863 | 59,442 |
John-Paul Thwaite |
CEO, Commercial & Institutional for the ring-fenced bank
| 30,369 | 14,295 | 16,074 |
Jen Tippin |
Chief People & Transformation Officer
| 40,086 | 18,869 | 21,217 |
* 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 £2.59848. 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