Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRBS.L Regulatory News (RBS)

  • There is currently no data for RBS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Director/PDMR Shareholding

8 Mar 2017 14:30

RNS Number : 8976Y
Royal Bank of Scotland Group PLC
08 March 2017
 

8 March 2017

The Royal Bank of Scotland Group plc

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

 

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 7 March 2017 to the PDMRs set out below. The conditional deferred awards were granted under the RBS 2010 Deferral Plan in March 2014 and the RBS 2014 Employee Share Plan in March 2015. 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 retained

Mark Bailie

Chief Operating Officer

326,139

153,286

172,853

Chris Marks

CEO, NatWest Markets

326,139

153,286

172,853

Alison Rose

CEO, Commercial & Private Banking

66,733

31,365

35,368

 

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 £2.389. Shares retained after payment of associated tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.

 

 

2. The Company announces that conditional long term incentive awards over Shares vested on 7 March 2017 to the PDMRs set out below. The conditional long term incentive awards were granted under the RBS 2010 Long Term Incentive Plan in March 2014 (or as otherwise stated). 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 Shares retained

Elaine Arden

Chief HR Officer

137,279

64,522

72,757

Mark Bailie

Chief Operating Officer

45,760

21,508

24,252

Chris Marks

CEO, NatWest Markets

45,760

21,508

24,252

Leslie Matheson

CEO, Personal & Business Banking

152,533

71,691

80,842

Ross McEwan

Chief Executive

512,509

240,880

271,629

Simon McNamara

Chief Administrative Officer

266,932

125,459

141,473

Alison Rose

CEO, Commercial & Private Banking

144,906

68,106

76,800

David Stephen

Chief Risk Officer

183,039

86,029

97,010

Ewen Stevenson1

Chief Financial Officer

288,257

135,481

152,776

1 Granted and announced on 19 May 2014.

 

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 £2.389. Shares retained after payment of associated tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.

 

3. The Company announces that conditional long term incentive awards over Shares have been granted on 7 March 2017 under the RBS 2014 Employee Share Plan to the PDMRs set out below. The awards are eligible to vest between years 2020 and 2024 (or as otherwise stated), subject to the achievement of performance conditions. Malus provisions will apply up until vest and clawback provisions will apply for a period of seven years from the date of grant, extended to ten years if events are under investigation at the end of the seven year period.

 

Name of PDMR

Position of PDMR

Maximum no. of

Shares eligible to vest

Mark Bailie

Chief Operating Officer

900,920

Chris Marks

CEO, NatWest Markets

900,920

Leslie Matheson

CEO, Personal & Business Banking

517,770

Ross McEwan2

Chief Executive

1,188,800

Simon McNamara

Chief Administrative Officer

497,060

Alison Rose

CEO, Commercial & Private Banking

745,589

David Stephen

Chief Risk Officer

579,903

Ewen Stevenson2

Chief Financial Officer

954,768

David Wheldon

Chief Marketing Officer

310,662

2 Awards for Mr McEwan and Mr Stevenson are eligible to vest between 2021 and 2024.

 

The above transactions took place outside of a trading venue. The market price per Share used on the grant of the above awards was £2.4142. Vested Shares retained after payment of associated tax liabilities will be subject to a six month retention period.

 

4. The Company announces that it was notified on 3 March 2017 that Elaine Arden, Chief HR Officer, sold 70,082 Shares on that date at a price of £2.44 per Share. The transactions took place on the London Stock Exchange (XLON).

 

Person responsible for making notification:-

Aileen Taylor, Company Secretary

 

For further information contact:-

 

RBS Investor RelationsAlexander HolcroftHead of Equity Investor Relations+44 20 7672 1758

 

RBS Media Relations

+44(0)131 523 4205

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHLLFLSVTITIID
Date   Source Headline
2nd Aug 20137:00 amRNSInterim Results - Part 2 of 7
2nd Aug 20137:00 amRNSInterim Results - Part 1 of 7
2nd Aug 20137:00 amRNSDirectorate Change
31st Jul 20134:49 pmRNSTotal Voting Rights
31st Jul 201312:31 pmRNSHolding(s) in Company
24th Jul 20133:57 pmRNSRestatement Document
17th Jul 20136:18 pmRNSAllotment and Issue of New Ordinary Shares
9th Jul 20132:03 pmRNSDirector/PDMR Shareholding
2nd Jul 20136:03 pmRNSPublication of Prospectus
2nd Jul 201312:50 pmRNSRBS Investor Seminar on its Ulster Bank Business
1st Jul 201310:27 amRNSRBS NV ANNOUNCES CASH TENDER OFFER FINAL RESULTS
28th Jun 20134:23 pmRNSTotal Voting Rights
20th Jun 20137:08 amRNSFPC Capital Requirements
17th Jun 201312:36 pmRNSRBS NV Increases Tender Cap and Announces Results
13th Jun 20137:50 amRNSGoldman Sachs European Financials Conference
12th Jun 20135:10 pmRNSDirectorate Change
12th Jun 20131:54 pmRNSRBSG RESUMES NV TPS DIVIDEND PAYMENTS
11th Jun 20131:31 pmRNSRBS NV calls ABN EUR77M Zero Coupon Notes due 2029
11th Jun 201312:49 pmRNSRBS NV calls ABN ?77M Zero Coupon Notes due 2029
10th Jun 20133:22 pmRNSDirector/PDMR Shareholding
7th Jun 20132:30 pmRNSDirector/PDMR Shareholding
4th Jun 201310:53 amRNSRBSG plc priced $1bn 10 yr Tier 2 security
3rd Jun 20132:14 pmRNSRBS NV tender offer for certain capital securities
31st May 20134:50 pmRNSTotal Voting Rights
24th May 20133:48 pmRNSDividend Declaration
22nd May 20132:30 pmRNSDirector/PDMR Shareholding
22nd May 201310:51 amRNSRBS Update on Capital Position
17th May 201312:39 pmRNSPublication of Prospectus
14th May 20135:48 pmRNSResult of Meeting
14th May 20135:46 pmRNSResult of AGM
14th May 20132:00 pmRNSAGM Statement
9th May 20131:40 pmRNSRBS announces planned management changes
8th May 201311:24 amRNSDirector/PDMR Shareholding
3rd May 20137:00 amRNSInterim Management Statement - Part 5 of 5
3rd May 20137:00 amRNSInterim Management Statement - Part 4 of 5
3rd May 20137:00 amRNSInterim Management Statement - Part 3 of 5
3rd May 20137:00 amRNSInterim Management Statement - Part 2 of 5
3rd May 20137:00 amRNSInterim Management Statement - Part 1 of 5
30th Apr 20135:08 pmRNSTotal Voting Rights
26th Apr 20132:37 pmRNSNotice of General Meeting
25th Apr 20132:51 pmRNSPublication of Prospectus
23rd Apr 20135:36 pmRNSDividend Declaration
23rd Apr 201310:43 amRNSCALL DECISION&POLICY ON CERTAIN RBS NV SECURITIES
9th Apr 20133:03 pmRNSDirector/PDMR Shareholding
9th Apr 20139:38 amRNSNotice of AGM 'Replacement'
9th Apr 20139:16 amRNSNotice of AGM
5th Apr 20131:27 pmRNSAdditional Block Listing
3rd Apr 20134:07 pmRNSNotification of Major Interest in Shares
28th Mar 20135:14 pmRNSTotal Voting Rights
28th Mar 20137:05 amRNSFiling of Annual Report on Form 20-F With US SEC

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.