8 Dec 2020 15:30
8 December 2020
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NatWest Group plc
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INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014
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NatWest Group plc (the Company) announces that on 7 December 2020, a buy-out award over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) 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 their previous employer.
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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:-
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Name of PDMR | Position of PDMR | No. of Shares vested | No. of Shares withheld to satisfy associated tax liability | No. of vested Shares retained |
David Lindberg  | CEO, Retail Banking | 106,144 | 49,888 | 56,256 |
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The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.6622.
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The above transactions took place on the London Stock Exchange (XLON).
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Legal Entity Identifier: 2138005O9XJIJN4JPN90
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For further information contact:-
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NatWest Group Investor RelationsAlexander Holcroft
Head of Investor Relations+44(0)20 7672 1758
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NatWest Group Media Relations
+44(0)131 523 4205