TIDMRBS

RNS Number : 8544S

Royal Bank of Scotland Group PLC

08 November 2019

8 November 2019

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 ordinary shares of GBP1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 7 November 2019, as set out below.

The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2019, unless otherwise indicated below, and have been calculated using a share price of GBP2.149

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        No. of Shares       No. of 
                                                     Shares         withheld to         Shares 
                                                    delivered    satisfy associated    retained 
                                                                   tax liability 
                             Chief Executive 
 Alison Rose(1)                  Officer            101,811           47,852           53,959 
                        ------------------------  -----------  --------------------  ---------- 
 Andrew McLaughlin(2)    CEO, RBS International      17,454              -             17,454 
                        ------------------------  -----------  --------------------  ---------- 
 Bruce Fletcher            Chief Risk Officer        34,907           16,407           18,500 
                        ------------------------  -----------  --------------------  ---------- 
 Chris Marks              CEO, NatWest Markets       58,178           27,344           30,834 
                        ------------------------  -----------  --------------------  ---------- 
                             Chief Marketing 
 David Wheldon                   Officer             13,090            6,153            6,937 
                        ------------------------  -----------  --------------------  ---------- 
 Helen Cook                 Chief HR Officer         14,254            6,700            7,554 
                        ------------------------  -----------  --------------------  ---------- 
                             Chief Financial 
 Katie Murray(3)                 Officer            174,533           82,031           92,502 
                        ------------------------  -----------  --------------------  ---------- 
                              CEO, Personal 
 Les Matheson                    Banking             34,907           16,756           18,151 
                        ------------------------  -----------  --------------------  ---------- 
 Mark Bailie                  CEO, Bó           46,542           21,875           24,667 
                        ------------------------  -----------  --------------------  ---------- 
                          Chief Administrative 
 Simon McNamara                  Officer             37,816           18,152           19,664 
                        ------------------------  -----------  --------------------  ---------- 
                           Chief Risk Officer, 
 Vanessa Bailey              NatWest Holdings        29,089           13,672           15,417 
                        ------------------------  -----------  --------------------  ---------- 
 1. Alison Rose's fixed share allowance represents payment for 
  the period from 1 October 2019 to 31 October 2019 in respect 
  of her role as Deputy CEO, NatWest Holdings and CEO, Commercial 
  & Private Banking, and 1 November 2019 to 31 December 2019 
  in respect of her role as Chief Executive Officer. 
  2. The fixed share allowance 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. 
  3. Katie Murray's fixed share allowance represents payment 
  for the period from 1 July 2019 to 31 December 2019.

The above transactions took place outside of a trading venue. The market price used to determine the number of Shares withheld to meet associated tax liabilities was GBP2.157. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.

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 rns@lseg.com or visit www.rns.com.

END

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