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Director/PDMR Shareholding

11 May 2016 15:39

RNS Number : 9745X
Royal Bank of Scotland Group PLC
11 May 2016
 

The Royal Bank of Scotland Group plc

11 May 2016

 

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH DTR3.1.2R AND DTR 3.1.4R

 

1. The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of £1 each in the Company ("Shares") were delivered to the PDMRs on 11 May 2016, as set out below.

 

The Shares delivered represent payment of a fixed share allowance for the six month period ended 30 June 2016.

 

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:-

 

PDMR

No. of Shares delivered

No. of Shares withheld to satisfy associated tax liability

No. of Shares retained

Elaine Arden

66,459

31,236

35,223

Mark Bailie

184,929

86,917

98,012

Chris Marks

184,929

86,917

98,012

Leslie Matheson

132,918

62,472

70,446

Ross McEwan

231,161

108,646

122,515

Simon McNamara

144,476

67,904

76,572

Jonathan Pain

69,349

32,595

36,754

Alison Rose

150,255

70,620

79,635

David Stephen

156,034

73,336

82,698

Ewen Stevenson

184,929

86,917

98,012

David Wheldon

52,012

24,446

27,566

 

The market price used to determine the number of Shares delivered was £2.163. Shares retained after payment of associated tax liabilities are held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a five year period.

 

In February 2016, Mr McEwan confirmed that he intended to transfer half of his 2016 fixed share allowance to charity. In light of this commitment, he will transfer half of his retained shares to charity when they are released over the course of the five year period.

 

2. The Company also announces that on 10 May 2016 Mr McEwan transferred 15,350 Shares to charity for nil consideration. The transfer is in line with the commitment Mr McEwan made in February 2015 not to benefit from his 2015 fixed share allowance. Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to the Shares.

 

 

For further information contact:-

RBS Media Relations - +44(0)131 523 4205

 

Person responsible for making notification:-

Aileen Taylor, Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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