8 Jun 2017 14:00
8 June 2017
The Royal Bank of Scotland Group plc
Legal Entity Identifier: 2138005O9XJIJN4JPN90
INITIAL NOTIFICATION OF TRANSACTION OF A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
The Royal Bank of Scotland Group plc (the "Company") announces that on 7 June 2017 a conditional deferred award over ordinary shares of £1 each in the Company ("Shares") (ISIN: GB00B7T77214) vested to the PDMR listed below. The conditional deferred award was granted under the RBS 2014 Employee Share Plan in March 2017. The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by the 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 |
Helen Cook | Chief HR Officer | 15,534 | 7,301 | 8,233 |
The above transaction took place outside of a trading venue. The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.551. 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.
For further information contact:-
RBS Investor RelationsAlexander HolcroftHead of Equity Investor Relations+44 20 7672 1758
RBS Media Relations
+44(0)131 523 4205
RBS.L (RBS)