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Director/PDMR Shareholding

12 Aug 2015 14:00

RNS Number : 8674V
Royal Bank of Scotland Group PLC
12 August 2015
 

The Royal Bank of Scotland Group plc

12 August 2015

 

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 12 August 2015, as set out below.

 

The Shares delivered represent payment of a fixed share allowance for the six month period ended 30 June 2015.

 

The number of Shares delivered, the number of Shares sold 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 sold to satisfy associated tax liability

No. of Shares retained

Elaine Arden

41,691

19,625

22,066

Mark Bailie

140,243

66,014

74,229

Chris Marks

140,243

66,014

74,229

Leslie Matheson

79,756

37,542

42,214

Ross McEwan

145,012

68,259

76,753

Simon McNamara

87,006

40,955

46,051

Jonathan Pain

43,504

20,478

23,026

Alison Rose

87,006

40,955

46,051

David Stephen

90,632

42,662

47,970

Ewen Stevenson

116,009

54,607

61,402

 

The market price used to determine the number of Shares delivered was £3.448. 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 retention period.

 

In February 2015, Mr McEwan confirmed that he did not intend to benefit from his 2015 fixed share allowance. In light of this commitment, he will transfer the net of tax shares retained to charity when they are released over the course of the five year retention period.

 

2. The Company also announces the vesting of 95,318 Shares to Mr McEwan arising from a conditional share award under the RBS 2010 Long Term Incentive Plan. This award was granted on 30 August 2012 on Mr McEwan's appointment as CEO of UK Retail to replace awards which he forfeited on leaving Commonwealth Bank of Australia. The award was subject to RBS performance conditions measured over a three year period to 31 December 2014.

 

A total of 44,867 Shares have been sold at £3.403 per share to meet the immediate tax liabilities arising on vesting. Mr McEwan has retained the remaining 50,451 vested Shares, which are subject to a six month retention period following vesting.

 

 

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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