ROYAL BANK OF SCOTLAND (LON:RBS) Director/PDMR Shareholding

Transparency directive : regulatory news

14/05/2018 14:00

Director/PDMR Shareholding


Released 14:00 14-May-2018

14 May 2018


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 £1 each in the Company ("Shares") (ISIN: GB00B7T77214) were delivered to PDMRs on 11 May 2018, as set out below. 


 


The Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2018 and have been calculated using a share price of £2.7064.


 


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



No. of Shares delivered



No. of Shares withheld to satisfy associated tax liability



No. of Shares retained



Mark Bailie



73,899



34,733



39,166



Helen Cook



20,207



9,498



10,709



Chris Marks



83,137



39,075



44,062



Les Matheson



55,425



26,604



28,821



Ross McEwan



184,748



86,832



97,916



Simon McNamara



60,043



28,821



31,222



Alison Rose



71,590



33,648



37,942



David Stephen



64,662



30,392



34,270



Ewen Stevenson



147,798



69,466



78,332



David Wheldon



20,785



9,769



11,016



 


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 £2.941.  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.


 


2.   The Company announces that on 11 May 2018 Ross McEwan, transferred 27,602 Shares to charity for nil consideration.  The transfer is in line with the commitments Mr McEwan made in February 2015 and February 2016 to transfer all of his 2015 fixed share allowance and half of his 2016 fixed share allowance to charity.  Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to such Shares.  The transfer took place outside of a trading venue.


 


Legal Entity Identifier: 2138005O9XJIJN4JPN90


 


For further information contact:-


 


RBS Investor Relations

Alexander Holcroft

Head of Equity Investor Relations

+44 20 7672 1758


 


RBS Media Relations  


+44(0)131 523 4205


 


 


 


 


 


 



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