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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
i
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
Computershare Retained Shares Nominee - 564,423
8 State the nature of the transaction
A conditional share award over 2,623,760 ordinary shares under The RBS 2010 Deferral Plan. The date of award is 7 March 2011 with 1,049,504 ordinary shares vesting on 8 March 2011 and the remainder vesting as follows:-
524,752 on 7 March 2012
524,752 on 7 March 2013
524,752 on 7 March 2014
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
The number of ordinary shares received as a result of the vesting on 8 March 2011 has been reduced by the amount required to discharge Ms Alemany's relevant tax liability. Following this reduction, Ms Alemany has retained 564,423 ordinary shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 2,623,760 ordinary shares with 1,049,504 ordinary shares vesting on 8 March 2011 and 564,423 being retained on 8 March 2011 (please see section 8 above).
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.00097%
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
£0.44492
14. Date and place of transaction
7 March 2011 and 8 March 2011 (please see section 8 above)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
624,615 0.00107%
16. Date issuer informed of transaction
7 March 2011 and 8 March 2011
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
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
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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
Computershare Retained Shares Nominee - 280,837
8 State the nature of the transaction
A conditional share award over 1,432,842 ordinary shares under The RBS 2010 Deferral Plan. The date of award is 7 March 2011 with 573,137 ordinary shares vesting on 8 March 2011 and the remainder vesting as follows:-
286,569 on 7 March 2012
286,569 on 7 March 2013
286,567 on 7 March 2014
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
The number of ordinary shares received as a result of the vesting on 8 March 2011 has been reduced by the amount required to discharge Mr Bostock's relevant tax liability. Following this reduction, Mr Bostock has retained 280,837 ordinary shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 1,432,842 ordinary shares with 573,137 ordinary shares vesting on 8 March 2011 and 280,837 being retained on 8 March 2011 (please see section 8 above).
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.00048%
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
£0.44492
14. Date and place of transaction
7 March 2011 and 8 March 2011 (please see section 8 above)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
728,398 0.00124%
16. Date issuer informed of transaction
7 March 2011 and 8 March 2011
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
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
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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
Computershare Retained Shares Nominee - 176,211
8 State the nature of the transaction
A conditional share award over 899,039 ordinary shares under The RBS 2010 Deferral Plan. The date of award is 7 March 2011 with 359,616 ordinary shares vesting on 8 March 2011 and the remainder vesting as follows:-
179,808 on 7 March 2012
179,808 on 7 March 2013
179,807 on 7 March 2014
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
The number of ordinary shares received as a result of the vesting on 8 March 2011 has been reduced by the amount required to discharge Mr Geddes' relevant tax liability. Following this reduction, Mr Geddes has retained 176,211 ordinary shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 899,039 ordinary shares with 359,616 ordinary shares vesting on 8 March 2011 and 176,211 being retained on 8 March 2011 (please see section 8 above).
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.0003%
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
£0.44492
14. Date and place of transaction
7 March 2011 and 8 March 2011 (please see section 8 above)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
178,749 0.00031%
16. Date issuer informed of transaction
7 March 2011 and 8 March 2011
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
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
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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
Computershare Retained Shares Nominee - 264,317
8 State the nature of the transaction
A conditional share award over 1,348,558 ordinary shares under The RBS 2010 Deferral Plan. The date of award is 7 March 2011 with 539,423 ordinary shares vesting on 8 March 2011 and the remainder vesting as follows:-
269,712 on 7 March 2012
269,712 on 7 March 2013
269,711 on 7 March 2014
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
The number of ordinary shares received as a result of the vesting on 8 March 2011 has been reduced by the amount required to discharge Mr Hartzer's relevant tax liability. Following this reduction, Mr Hartzer has retained 264,317 ordinary shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 1,348,558 ordinary shares with 539,423 ordinary shares vesting on 8 March 2011 and 264,317 being retained on 8 March 2011 (please see section 8 above).
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.00045%
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
£0.44492
14. Date and place of transaction
7 March 2011 and 8 March 2011 (please see section 8 above)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
264,317 0.00045%
16. Date issuer informed of transaction
7 March 2011 and 8 March 2011
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
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
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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
The award relates to an allocation of shares under the Share Bank arrangements for annual incentives in respect of the 2010 performance year. The allocation is made as a conditional right to acquire ordinary shares under The RBS 2010 Deferral Plan.
The date of award was 7 March 2011 and the award will vest in two equal tranches on 7 March 2012 and 7 March 2013 and any vested shares are subject to a further six month retention period post vesting. Mr Hester has voluntarily agreed to a total retention period of 12 months post vesting. Clawback provisions will apply prior to vesting of the shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 4,585,094 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
£0.44492
14. Date and place of transaction
7 March 2011
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
3,463,297 0.00592%
16. Date issuer informed of transaction
7 March 2011
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
The Royal Bank of Scotland Group plc also announces that for 2011 cash bonuses for Executive Directors have been discontinued and replaced by a long-term Share Bank. The 2011 Share Bank arrangements have been agreed for Mr Hester. Subject to the achievement of the required performance objectives during 2011, Mr Hester has a right to receive up to a maximum of 6 million shares under the Share Bank arrangements in March 2012.
The final award for the 2011 Share Bank will be between 0% and 100% of the maximum potential allocation and will be determined based on 2011 performance. An announcement will be made at the time the award is made, which is expected to be March 2012. The award would vest in March 2013 and March 2014 and clawback provisions will apply prior to vesting of the shares. Vested shares will be subject to a six month retention period post vesting.
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
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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
Computershare Retained Shares Nominee - 1,123,348
8 State the nature of the transaction
A conditional share award over 5,731,368 ordinary shares under The RBS 2010 Deferral Plan. The date of award is 7 March 2011 with 2,292,547 ordinary shares vesting on 8 March 2011 and the remainder vesting as follows:-
1,146,274 on 7 March 2012
1,146,274 on 7 March 2013
1,146,273 on 7 March 2014
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
The number of ordinary shares received as a result of the vesting on 8 March 2011 has been reduced by the amount required to discharge Mr Hourican's relevant tax liability. Following this reduction, Mr Hourican has retained 1,123,348 ordinary shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 5,731,368 ordinary shares with 2,292,547 ordinary shares vesting on 8 March 2011 and 1,123,348 being retained on 8 March 2011 (please see section 8 above).
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.00192%
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
£0.44492
14. Date and place of transaction
7 March 2011 and 8 March 2011 (please see section 8 above)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
1,132,411 0.00194%
16. Date issuer informed of transaction
7 March 2011 and 8 March 2011
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
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
i
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
Computershare Retained Shares Nominee - 214,758
8 State the nature of the transaction
A conditional share award over 1,095,703 ordinary shares under The RBS 2010 Deferral Plan. The date of award is 7 March 2011 with 438,282 ordinary shares vesting on 8 March 2011 and the remainder vesting as follows:-
219,141 on 7 March 2012
219,141 on 7 March 2013
219,139 on 7 March 2014
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
The number of ordinary shares received as a result of the vesting on 8 March 2011 has been reduced by the amount required to discharge Mr Sullivan's relevant tax liability. Following this reduction, Mr Sullivan has retained 214,758 ordinary shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 1,095,703 ordinary shares with 438,282 ordinary shares vesting on 8 March 2011 and 214,758 being retained on 8 March 2011 (please see section 8 above).
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.00037%
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
£0.44492
14. Date and place of transaction
7 March 2011 and 8 March 2011 (please see section 8 above)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
239,308 0.00041%
16. Date issuer informed of transaction
7 March 2011 and 8 March 2011
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
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
i
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
Computershare Retained Shares Nominee - 404,568 ordinary shares
8 State the nature of the transaction
A conditional share award over 1,011,418 ordinary shares under The RBS 2010 Deferral Plan. The date of award is 7 March 2011 with 404,568 ordinary shares vesting on 8 March 2011 and the remainder vesting as follows:-
202,284 on 7 March 2012
202,284 on 7 March 2013
202,282 on 7 March 2014
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 1,011,418 ordinary shares with 404,568 ordinary shares vesting and being retained on 8 March 2011.
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.00069%
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
£0.44492
14. Date and place of transaction
7 March 2011 and 8 March 2011 (please see section 8 above)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
422,224 0.00072%
16. Date issuer informed of transaction
7 March 2011 and 8 March 2011
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
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
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 3.1.4.
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 (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
i
3. Name of person discharging managerial responsibilities/director
Bruce Winfield 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
The award relates to an allocation of shares under the Share Bank arrangements for annual incentives in respect of the 2010 performance year. The allocation is made as a conditional right to acquire ordinary shares under The RBS 2010 Deferral Plan.
The date of award was 7 March 2011 and the award will vest in two equal tranches on 7 March 2012 and 7 March 2013 and any vested shares are subject to a further six month retention period post vesting. Clawback provisions will apply prior to vesting of the shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 3,030,882 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
£0.44492
14. Date and place of transaction
7 March 2011
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
7 March 2011
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
The Royal Bank of Scotland Group plc also announces that for 2011 cash bonuses for Executive Directors have been discontinued and replaced by a long-term Share Bank. The 2011 Share Bank arrangements have been agreed for Mr Van Saun. Subject to the achievement of the required performance objectives during 2011, Mr Van Saun has a right to receive up to a maximum of 3.75 million shares under the Share Bank arrangements in March 2012.
The final award for the 2011 Share Bank will be between 0% and 100% of the maximum potential allocation and will be determined based on 2011 performance. An announcement will be made at the time the award is made, which is expected to be March 2012. The award would vest in March 2013 and March 2014 and clawback provisions will apply prior to vesting of the shares. Vested shares will be subject to a six month retention period post vesting.
24. Name of contact and telephone number for queries
Jason Knauf, Head of Group Media Relations, Royal Bank of Scotland Group
Tel No. 0131 523 4414
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification
8 March 2011
This information is provided by RNS