Source - RNS
RNS Number : 3006P
Royal Bank of Scotland Group PLC
08 June 2020
 

8 June 2020

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 conditional deferred awards over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) vested on 8 June 2020 to the PDMRs set out below. The conditional deferred awards were granted under the RBS 2014 Employee Share Plan in March 2020. 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 net of tax

Robert Begbie

Interim CEO, NatWest Markets

63,912

30,724

33,1881

42,2282

20,300

21,928

Peter Flavel

CEO, Private Banking

40,161

18,905

21,2561

42,2282

19,877

22,351

John-Paul Thwaite

CEO, Commercial Banking

49,217

23,167

26,0501

42,2282

19,911

22,317

1 These Shares are subject to a 12 month retention period.

2 These Shares were calculated with reference to a transaction price of £1.3735

 

The market price used to meet associated tax liabilities was £1.3645.

 

2.  The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:-

 

Name of PDMR

Position of PDMR

No. of Shares sold

Sale price

Date of transaction

John-Paul Thwaite

CEO, Commercial Banking

22,317

£1.3645

8 June 2020

 

All of the above transactions took place on the London Stock Exchange (XLON).

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

For further information contact:-

 

RBSG Investor Relations
Alexander Holcroft
Head of Investor Relations
+44(0)20 7672 1758

 

RBSG Media Relations 

+44(0)131 523 4205


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHFLFLSRAITIII
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.