8 Jun 2020 15:20
8 June 2020
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 conditional deferred awards over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) vested on 8 June 2020 to the PDMRs set out below. The conditional deferred awards were granted under the RBS 2014 Employee Share Plan in March 2020. The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-
Name of PDMR | Position of PDMR | No. of Shares vested | No. of Shares withheld to satisfy associated tax liability | No. of vested Shares net of tax |
Robert Begbie | Interim CEO, NatWest Markets | 63,912 | 30,724 | 33,1881 |
42,2282 | 20,300 | 21,928 | ||
Peter Flavel | CEO, Private Banking | 40,161 | 18,905 | 21,2561 |
42,2282 | 19,877 | 22,351 | ||
John-Paul Thwaite | CEO, Commercial Banking | 49,217 | 23,167 | 26,0501 |
42,2282 | 19,911 | 22,317 | ||
1 These Shares are subject to a 12 month retention period. | ||||
2 These Shares were calculated with reference to a transaction price of £1.3735 | ||||
The market price used to meet associated tax liabilities was £1.3645.
2. The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:-
Name of PDMR | Position of PDMR | No. of Shares sold | Sale price | Date of transaction |
John-Paul Thwaite | CEO, Commercial Banking | 22,317 | £1.3645 | 8 June 2020 |
All of the above transactions took place on the London Stock Exchange (XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
RBSG Investor RelationsAlexander HolcroftHead of Investor Relations+44(0)20 7672 1758
RBSG Media Relations
+44(0)131 523 4205