Director/PDMR Shareholding

RNS Number : 6371Z

Royal Bank of Scotland Group PLC

08 March 2013

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Ellen Alemany

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Vesting of conditional share awards on 8 March 2013 granted under the RBS 2010 Deferral Plan in March 2011 and March 2012.  The number of ordinary shares received has been reduced by the amounts required to discharge Ms Alemany's relevant tax liabilities.  Following these reductions, Ms Alemany has received 26,652 and 35,391 ordinary shares respectively. 

Vested shares are subject to a six month retention period following vesting.

7. Number of shares, debentures or financial instruments relating to shares acquired

26,652 and 35,391 ordinary shares

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Nathan Mark Bostock

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Vesting of conditional share awards on 8 March 2013 granted under the RBS 2010 Deferral Plan in March 2011 and March 2012.  The number of ordinary shares received has been reduced by the amounts required to discharge Mr Bostock's relevant tax liabilities.  Following these reductions, Mr Bostock has received 13,754 and 30,010 ordinary shares respectively. 

Vested shares are subject to a six month retention period following vesting.

7. Number of shares, debentures or financial instruments relating to shares acquired

13,754 and 30,010 ordinary shares

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Stephen Alan Michael Hester

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Vesting of an allocation of shares under the Share Bank arrangements on 8 March 2013.  The allocation was made as a conditional right to acquire ordinary shares under the RBS 2010 Deferral Plan in March 2011.  The number of ordinary shares received has been reduced by the amount required to discharge Mr Hester's relevant tax liability.  Following this reduction, Mr Hester has received 110,041 ordinary shares.  Vested shares are subject to a six month retention period following vesting and Mr Hester has voluntarily agreed to a total retention period of 12 months post vesting.

7. Number of shares, debentures or financial instruments relating to shares acquired

110,041 ordinary shares

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Christopher Paul Sullivan

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Vesting of conditional share awards on 8 March 2013 granted under the RBS 2010 Deferral Plan in March 2011 and March 2012.  The number of ordinary shares received has been reduced by the amounts required to discharge Mr Sullivan's relevant tax liabilities.  Following these reductions, Mr Sullivan has received 10,518 and 14,233 ordinary shares respectively. 

Vested shares are subject to a six month retention period following vesting.

7. Number of shares, debentures or financial instruments relating to shares acquired

10,518 and 14,233 ordinary shares

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Bruce Winfield Van Saun

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Vesting of allocations of shares under the Share Bank arrangements on 8 March 2013.  The allocations were made as a conditional right to acquire ordinary shares under the RBS 2010 Deferral Plan in March 2011 and March 2012.  The number of ordinary shares received has been reduced by the amounts required to discharge Mr Van Saun's relevant tax liabilities.  Following these reductions, Mr Van Saun has received 72,741 and 72,000 ordinary shares respectively.  Vested shares are subject to a six month retention period following vesting.

7. Number of shares, debentures or financial instruments relating to shares acquired

72,741 and 72,000 ordinary shares

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONSIN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Ellen Alemany

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Conditional share award granted on 8 March 2013 under the RBS 2010 Deferral Plan.

67,075 ordinary shares have been received by Ms Alemany on 8 March 2013 following immediate vesting and a reduction by the amount required to discharge Ms Alemany's relevant tax liability.  A total of 209,435 ordinary shares will be eligible to vest between March 2014 and March 2016.

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.

7. Number of shares, debentures or financial instruments relating to shares acquired

67,075 ordinary shares

8. Price per share or value of transaction

£3.0920

9. Date and place of transaction - 8 March 2013

10. Date issuer informed of transaction - 8 March 2013

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONSIN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Nathan Mark Bostock

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Conditional share award granted on 8 March 2013 under the RBS 2010 Deferral Plan.

43,467 ordinary shares have been received by Mr Bostock on 8 March 2013 following immediate vesting and a reduction by the amount required to discharge Mr Bostock's relevant tax liability.  A total of 135,834 ordinary shares will be eligible to vest between March 2014 and March 2016.

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.

7. Number of shares, debentures or financial instruments relating to shares acquired

43,467 ordinary shares

8. Price per share or value of transaction

£3.0920

9. Date and place of transaction - 8 March 2013

10. Date issuer informed of transaction - 8 March 2013

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONSIN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Ross McEwan

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Conditional share award granted on 8 March 2013 under the RBS 2010 Deferral Plan.

18,047 ordinary shares have been received by Mr McEwan on 8 March 2013 following immediate vesting and a reduction by the amount required to discharge Mr McEwan's relevant tax liability.  A total of 56,395 ordinary shares will be eligible to vest between March 2014 and March 2016.

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.

7. Number of shares, debentures or financial instruments relating to shares acquired

18,047 ordinary shares

8. Price per share or value of transaction

£3.0920

9. Date and place of transaction - 8 March 2013

10. Date issuer informed of transaction - 8 March 2013

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONSIN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Christopher Paul Sullivan

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Computershare Retained Shares Nominee

6. State the nature of the transaction

Conditional share award granted on 8 March 2013 under the RBS 2010 Deferral Plan.

24,528 ordinary shares have been received by Mr Sullivan on 8 March 2013 following immediate vesting and a reduction by the amount required to discharge Mr Sullivan's relevant tax liability.  A total of 76,649 ordinary shares will be eligible to vest between March 2014 and March 2016.

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.

7. Number of shares, debentures or financial instruments relating to shares acquired

24,528 ordinary shares

8. Price per share or value of transaction

£3.0920

9. Date and place of transaction - 8 March 2013

10. Date issuer informed of transaction - 8 March 2013

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONSIN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Bruce Winfield Van Saun

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. State the nature of the transaction

Conditional right to acquire ordinary shares under The RBS 2010 Deferral Plan.  The date of the award was 8 March 2013 and the award will vest in two equal tranches in March 2014 and March 2015.

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.

6. Number of shares, debentures or financial instruments relating to shares acquired

Award granted over 316,947 ordinary shares

7. Price per share or value of transaction

£3.0920

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Ellen Alemany

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. 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 was 8 March 2013 and the award will vest on 8 March 2016, subject to the achievement of performance conditions as outlined in Section 10 below.

6. Number of shares, debentures or financial instruments relating to shares acquired

Number of shares representing the initial notional value of award at grant - 338,319

Maximum number of shares releasable under the award - 751,819

The initial notional value has been calculated based on 45% of the maximum number of shares.

7. Price per share or value of transaction

£3.0920

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Any additional information

Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period.  In addition, the award will only vest if risk management during the performance period has been effective.  Clawback provisions will also apply.

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Nathan Mark Bostock

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. 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 was 8 March 2013 and the award will vest on 8 March 2016, subject to the achievement of performance conditions as outlined in Section 10 below.

6. Number of shares, debentures or financial instruments relating to shares acquired

Number of shares representing the initial notional value of award at grant - 363,843

Maximum number of shares releasable under the award - 808,539

The initial notional value has been calculated based on 45% of the maximum number of shares.

7. Price per share or value of transaction

£3.0920

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Any additional information

Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period.  In addition, the award will only vest if risk management during the performance period has been effective.  Clawback provisions will also apply.

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Stephen Alan Michael Hester

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. 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 was 8 March 2013 and the award will vest on 8 March 2016, subject to the achievement of performance conditions as outlined in Section 10 below.

6. Number of shares, debentures or financial instruments relating to shares acquired

Number of shares representing the initial notional value of award at grant - 523,933

Maximum number of shares releasable under the award - 1,164,295

The initial notional value has been calculated based on 45% of the maximum number of shares.

7. Price per share or value of transaction

£3.0920

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Any additional information

The award will vest after completion of a three year performance period, subject to delivery against the following performance conditions:

·        Core Bank Economic Profit (25%)

·        Relative Total Shareholder Return (25%)

·        Balance Sheet and Risk (25%)

·        Strategic Scorecard (25%)

In addition, the award will only vest if risk management during the performance period has been effective and financial and non-financial performance has been satisfactory in line with the Group's strategic plan.  The award is subject to clawback provisions.  Any vested shares will be subject to a further six month retention period post vesting.

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Ross McEwan

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. 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 was 8 March 2013 and the award will vest on 8 March 2016, subject to the achievement of performance conditions as outlined in Section 10 below.

6. Number of shares, debentures or financial instruments relating to shares acquired

Number of shares representing the initial notional value of award at grant - 313,269

Maximum number of shares releasable under the award - 696,152

The initial notional value has been calculated based on 45% of the maximum number of shares.

7. Price per share or value of transaction

£3.0920

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Any additional information

Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period.  In addition, the award will only vest if risk management during the performance period has been effective.  Clawback provisions will also apply.

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Christopher Paul Sullivan

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. 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 was 8 March 2013 and the award will vest on 8 March 2016, subject to the achievement of performance conditions as outlined in Section 10 below.

6. Number of shares, debentures or financial instruments relating to shares acquired

Number of shares representing the initial notional value of award at grant - 218,306

Maximum number of shares releasable under the award - 485,123

The initial notional value has been calculated based on 45% of the maximum number of shares.

7. Price per share or value of transaction

£3.0920

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Any additional information

Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period.  In addition, the award will only vest if risk management during the performance period has been effective.  Clawback provisions will also apply.

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification -8 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Bruce Winfield Van Saun

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. 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 was 8 March 2013 and the award will vest on 8 March 2016, subject to the achievement of performance conditions as outlined in Section 10 below.

6. Number of shares, debentures or financial instruments relating to shares acquired

Number of shares representing the initial notional value of award at grant - 327,459

Maximum number of shares releasable under the award - 727,685

The initial notional value has been calculated based on 45% of the maximum number of shares.

7. Price per share or value of transaction

£3.0920

8. Date and place of transaction - 8 March 2013

9. Date issuer informed of transaction - 8 March 2013

10. Any additional information

The award will vest after completion of a three year performance period, subject to delivery against the following performance conditions:

·        Core Bank Economic Profit (25%)

·        Relative Total Shareholder Return (25%)

·        Balance Sheet and Risk (25%)

·        Strategic Scorecard (25%)

In addition, the award will only vest if risk management during the performance period has been effective and financial and non-financial performance has been satisfactory in line with the Group's strategic plan.  The award is subject to clawback provisions.  Any vested shares will be subject to a further six month retention period post vesting.

11. Name of contact and telephone number for queries

Group Media Relations - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Aileen Taylor, Group Secretary

Date of notification - 8 March 2013

 

END

 

 

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