Director/PDMR Shareholding
The Royal Bank of Scotland Group PLC - Director/PDMR Shareholding
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Ellen Alemany
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 4,128,800 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Ellen Alemany
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under The Royal Bank of Scotland Group plc 2009 Restricted Share Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 2,064,400 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Nathan Mark Bostock
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 3,446,692 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Paul Robert Geddes
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 2,297,795 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Brian Hartzer
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 3,446,692 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Stephen Alan Michael Hester
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 8,578,432 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Awards will vest after completion of a three year performance period, subject to the following performance conditions being met:
· A satisfactory risk review by the Board Risk Committee.
· A satisfactory review of financial and non financial performance in line with the Strategic Plan agreed by the company's Board.
· One half of the award will vest based on the achievement of targets for incremental economic profit in 2012 relative to the base year 2009. Maximum vesting (100%) will be triggered by early delivery of the Strategic Plan giving positive returns above the cost of capital in 2012.
· One quarter of the award will vest based on Total Shareholder Return ("TSR") relative to a weighted basket of comparator companies. 20% of this element of the award will vest at median performance against the weighted comparators and 100% at upper quartile.
· One quarter of the award will vest based on absolute TSR growth, expressed as a share price, from the date of the award to the third anniversary of the award. To receive 20% of this element, the share price would need to reach 57.5p. To receive 100% of this element the share price would need to reach 77.5p.
All awards are subject to full clawback provisions and deferral.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
John Patrick Hourican
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 1,608,456 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Christopher Paul Sullivan
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 2,655,229 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Ron Teerlink
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 2,941,177 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Vesting of these shares is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, awards will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
The Royal Bank of Scotland Group plc
2. State whether the notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a)
Yes
3. Name of person discharging managerial responsibilities/director
Bruce Van Saun
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
-
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 3
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
-
8 State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award is 14 May 2010 and the award will vest on 14 May 2013 subject to the achievement of performance conditions as outlined in Section 23 below.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 5,182,803 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares disposed
-
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
£0.4896
14. Date and place of transaction
14 May 2010
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
-
16. Date issuer informed of transaction
14 May 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
-
18. Period during which or date on which it can be exercised
-
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
-
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
-
22. Total number of shares or debentures over which options held following notification
-
23. Any additional information
Awards will vest after completion of a three year performance period, subject to the following performance conditions being met:
· A satisfactory risk review by the Board Risk Committee.
· A satisfactory review of financial and non financial performance in line with the Strategic Plan agreed by the company's Board.
· One half of the award will vest based on the achievement of targets for incremental economic profit in 2012 relative to the base year 2009. Maximum vesting (100%) will be triggered by early delivery of the Strategic Plan giving positive returns above the cost of capital in 2012.
· One quarter of the award will vest based on Total Shareholder Return ("TSR") relative to a weighted basket of comparator companies. 20% of this element of the award will vest at median performance against the weighted comparators and 100% at upper quartile.
· One quarter of the award will vest based on absolute TSR growth, expressed as a share price, from the date of the award to the third anniversary of the award. To receive 20% of this element, the share price would need to reach 57.5p. To receive 100% of this element the share price would need to reach 77.5p.
All awards are subject to full clawback provisions and deferral.
24. Name of contact and telephone number for queries
Group Media Centre
Tel No. 0131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
14 May 2010
This information is provided by RNS
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