8 Nov 2019 15:00
8 November 2019
The Royal Bank of Scotland Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014
1. The Royal Bank of Scotland Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 7 November 2019, as set out below.
The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2019, unless otherwise indicated below, and have been calculated using a share price of £2.149
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 |
Alison Rose1 | Chief Executive Officer | 101,811 | 47,852 | 53,959 |
Andrew McLaughlin2 | CEO, RBS International | 17,454 | - | 17,454 |
Bruce Fletcher
| Chief Risk Officer | 34,907 | 16,407 | 18,500 |
Chris Marks | CEO, NatWest Markets | 58,178 | 27,344 | 30,834 |
David Wheldon | Chief Marketing Officer | 13,090 | 6,153 | 6,937 |
Helen Cook
| Chief HR Officer | 14,254 | 6,700 | 7,554 |
Katie Murray3
| Chief Financial Officer | 174,533 | 82,031 | 92,502 |
Les Matheson | CEO, Personal Banking | 34,907 | 16,756 | 18,151 |
Mark Bailie
| CEO, Bó | 46,542 | 21,875 | 24,667 |
Simon McNamara | Chief Administrative Officer | 37,816 | 18,152 | 19,664 |
Vanessa Bailey | Chief Risk Officer, NatWest Holdings | 29,089 | 13,672 | 15,417 |
1. Alison Rose's fixed share allowance represents payment for the period from 1 October 2019 to 31 October 2019 in respect of her role as Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking, and 1 November 2019 to 31 December 2019 in respect of her role as Chief Executive Officer. 2. The fixed share allowance was delivered when Andrew McLaughlin was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority. 3. Katie Murray's fixed share allowance represents payment for the period from 1 July 2019 to 31 December 2019. | ||||
The above transactions took place outside of a trading venue. The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.157. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
RBSG Investor RelationsAlexander Holcroft
Head of Investor Relations+44(0)20 7672 1758
RBSG Media Relations
+44(0)131 523 4205