11 May 2016 15:39
The Royal Bank of Scotland Group plc
11 May 2016
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 11 May 2016, as set out below.
The Shares delivered represent payment of a fixed share allowance for the six month period ended 30 June 2016.
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:-
PDMR | No. of Shares delivered | No. of Shares withheld to satisfy associated tax liability | No. of Shares retained |
Elaine Arden | 66,459 | 31,236 | 35,223 |
Mark Bailie | 184,929 | 86,917 | 98,012 |
Chris Marks | 184,929 | 86,917 | 98,012 |
Leslie Matheson | 132,918 | 62,472 | 70,446 |
Ross McEwan | 231,161 | 108,646 | 122,515 |
Simon McNamara | 144,476 | 67,904 | 76,572 |
Jonathan Pain | 69,349 | 32,595 | 36,754 |
Alison Rose | 150,255 | 70,620 | 79,635 |
David Stephen | 156,034 | 73,336 | 82,698 |
Ewen Stevenson | 184,929 | 86,917 | 98,012 |
David Wheldon | 52,012 | 24,446 | 27,566 |
The market price used to determine the number of Shares delivered was £2.163. 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 period.
In February 2016, Mr McEwan confirmed that he intended to transfer half of his 2016 fixed share allowance to charity. In light of this commitment, he will transfer half of his retained shares to charity when they are released over the course of the five year period.
2. The Company also announces that on 10 May 2016 Mr McEwan transferred 15,350 Shares to charity for nil consideration. The transfer is in line with the commitment Mr McEwan made in February 2015 not to benefit from his 2015 fixed share allowance. Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to the Shares.
For further information contact:-
RBS Media Relations - +44(0)131 523 4205
Person responsible for making notification:-
Aileen Taylor, Company Secretary
RBS.L (RBS)