Director/PDMR Shareholding

RNS Number : 0925J

Royal Bank of Scotland Group PLC

06 June 2014

 



The Royal Bank of Scotland Group plc

6 June 2014

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

1.   The Royal Bank of Scotland Group plc (the "Company") announces that a conditional award over ordinary shares of £1 in the Company ("Shares"), granted under the RBS 2010 Long Term Incentive Plan on 30 August 2012 to the Director set out below, vested on 6 June 2014.  The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by the Director is set out below:-

Director / PDMR	No. of Shares vested	No. of Shares sold to satisfy relevant tax liability	No. of Shares retained
Ross McEwan	432,088 (1)	203,387	228,701
(1)  Awarded to Mr McEwan on joining the Company as CEO UK Retail in September 2012, in recognition of awards forfeited on leaving Commonwealth Bank of Australia.

The market price per Share on the date of vesting was £3.40.  Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.

2.  The Company announces that conditional awards over Shares granted under the RBS 2010 Deferral Plan on 7 March 2014 to the PDMRs set out below, vested on 6 June 2014. The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-

PDMR	No. of Shares vested	No. of Shares sold to satisfy relevant tax liability	No. of vested Shares retained
Rory Cullinan	196,385	92,440	103,945
Alison Rose	66,733	31,412	35,321
Donald Workman	36,227	17,053	19,174

The market price per Share on the date of vesting was £3.40.  Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.

For further information contact:-

Group Media Relations - [phone]

Person responsible for making notification:-

Aileen Taylor, Company Secretary

 

END

 

 

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