10 May 2019 15:12
10 May 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 8 May 2019, as set out below.
The Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2019 and have been calculated using a share price of £2.3874.
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 |
Vanessa Bailey | Chief Risk Officer, NatWest Holdings | 52,359 | 24,609 | 27,750 |
Mark Bailie | CEO, Bó | 83,774 | 39,374 | 44,400 |
Helen Cook | Chief HR Officer | 24,609 | 11,567 | 13,042 |
Bruce Fletcher | Chief Risk Officer, RBS Group | 62,830 | 29,531 | 33,299 |
Chris Marks | CEO, NatWest Markets | 104,717 | 49,217 | 55,500 |
Les Matheson | CEO, Personal Banking | 62,830 | 30,159 | 32,671 |
Katie Murray | Chief Financial Officer | 157,075 | 73,826 | 83,249 |
Ross McEwan | Chief Executive | 209,433 | 98,434 | 110,999 |
Andrew McLaughlin1 | CEO, RBS International | 31,415 | Nil | 31,415 |
Simon McNamara | Chief Administrative Officer | 68,066 | 32,672 | 35,394 |
Alison Rose | Deputy CEO, NatWest Holdings and CEO, Commercial & Private Banking | 89,009 | 41,835 | 47,174 |
David Wheldon | Chief Marketing Officer | 23,562 | 11,075 | 12,487 |
1. The award was made when the PDMR 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. | ||||
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 £2.352. 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.
2. The Company announces that on 8 May 2019 Ross McEwan, transferred 27,602 Shares to charity for nil consideration. The transfer is in line with the commitments Mr McEwan made in February 2015 and February 2016 to transfer all of his 2015 fixed share allowance and half of his 2016 fixed share allowance to charity. Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to such Shares. The transfer took place outside of a trading venue.
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