8 December 2020
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014
NatWest Group plc (the Company) announces that on 7 December 2020, a buy-out award over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) vested to the PDMR set out below. The buy out award had been granted in order to replace awards forfeited by the PDMR on leaving their previous employer.
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
CEO, Retail Banking
The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.6622.
The above transactions took place on the London Stock Exchange (XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
NatWest Group Investor Relations
Head of Investor Relations
+44(0)20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205