31 Dec 2013 12:30
The Royal Bank of Scotland Group plc
Â
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
Â
1. Name of the issuer
Â
The Royal Bank of Scotland Group plc ("RBS")
Â
2. Name of individual
Â
Ross McEwan
Â
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
Â
In respect of a holding of the person referred to in 2
Â
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Â
Ordinary shares of £1.00
Â
5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Â
Ross McEwan
Â
6. State the nature of the transaction
Â
Vesting of 454,106 shares arising from a conditional share award under the RBS 2010 Deferral Plan, granted on 30 August 2012 as part of the arrangements when Mr McEwan joined RBS from Commonwealth Bank of Australia.
Â
A total of 214,019 shares have been sold to meet the immediate tax liabilities arising on vesting. Mr McEwan has retained the remaining 240,087 vested shares.
Â
Vested shares are subject to a six month retention period following vesting.
Â
7. Price per share or value of transaction
Â
£3.402
Â
8. Date of transaction
Â
31 December 2013
Â
9. Date issuer informed of transaction
Â
31 December 2013
Â
10. Name of contact and telephone number for queries
Â
Group Media Relations - +44(0)131 523 4205
Â
Name and signature of duly authorised officer of issuer responsible for making notification
Â
Jan Cargill, Deputy Secretary
Â
Date of notification - 31 December 2013