Source - LSE Regulatory
RNS Number : 1123S
NatWest Group plc
11 November 2021
 

11 November 2021

 

NatWest Group plc

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the Market Abuse Regulation

 

NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 10 November 2021, under the NatWest Group 2014 Employee Share Plan (the Plan), as set out below. 

 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 31 December 2021 and have been calculated using a Share price of £2.2038.

 

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:-

 

 

Name of PDMR

Position of PDMR

No. of Shares delivered

No. of Shares withheld to satisfy associated tax liability

No. of Shares retained

Robert Begbie

CEO, NatWest Markets

36,869

17,724

19,145

Peter Flavel

CEO, Wealth Businesses

25,541

12,023

13,518

Bruce Fletcher

Chief Risk Officer, NatWest Group

38,003

17,889

20,114

David Lindberg

 

CEO, Retail Banking

36,869

17,355

19,514

Andrew McLaughlin1

CEO, RBS International

17,017

0

17,017

Simon McNamara

Chief Administrative Officer

36,869

17,724

19,145

Katie Murray

Chief Financial Officer

85,081

40,049

45,032

Alison Rose

Chief Executive Officer

124,785

58,738

66,047

John-Paul Thwaite

CEO, Commercial Banking

30,062

14,151

15,911

Jen Tippin

Chief People & Transformation Officer

46,795

22,027

24,768

1. The FSA was delivered when Andrew McLaughlin was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority.

 

 

 

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.15. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Share Plan Account and will be released in instalments over a three year period.

 

 

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

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

 

For further information contact:-

 

NatWest Group Investor Relations
Alexander Holcroft

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

 

NatWest Group Media Relations 

+44(0)131 523 4205

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