Director/PDMR Shareholding

RNS Number : 7810O
Royal Bank of Scotland Group PLC
09 November 2016
 

9 November 2016

The Royal Bank of Scotland Group plc

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

 

1.   The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of £1 each in the Company ("Shares") (ISIN: GB00B7T77214) were delivered to the PDMRs on 8 November 2016, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance for the six month period ended 31 December 2016 and were based on a share price of £1.8746.

 

The number of Shares delivered, the number of Shares withheld to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-

 

Name of PDMR

Position of PDMR

No. of Shares delivered

No. of Shares withheld to satisfy associated tax liability

No. of Shares retained

Elaine Arden

Chief HR Officer

76,684

36,042

40,642

Mark Bailie

Chief Operating Officer

213,379

100,289

113,090

Christopher Marks

Chief Executive, Corporate & Institutional Banking

213,379

100,289

113,090

Leslie Matheson

Chief Executive, Personal & Business Banking

160,035

75,217

84,818

Ross McEwan

Chief Executive

266,724

125,361

141,363

Simon McNamara

Chief Administrative Officer

173,371

81,485

91,886

Jonathan Pain

Chief Conduct & Regulatory Affairs Officer

80,018

37,609

42,409

Alison Rose

Chief Executive, Commercial & Private Banking

186,707

87,753

98,954

David Stephen

Chief Risk Officer

186,707

87,753

98,954

Ewen Stevenson

Chief Financial Officer

213,379

100,289

113,090

David Wheldon

Chief Marketing Officer

60,013

28,207

31,806

 

The above transactions took place outside of a trading venue.  The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.873. Shares retained after payment of associated tax liabilities are held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a five year period.

 

In February 2016, Mr McEwan confirmed that he intended to transfer half of his 2016 fixed share allowance to charity.  In light of this commitment, he will transfer half of his retained shares to charity when they are released over the course of the five year period.

 

2.   The Company announces that on 8 November 2016 Ross McEwan, Chief Executive, transferred 16,528 Shares to charity for nil consideration.  The transfer is in line with the commitment Mr McEwan made in February 2015 not to benefit from his 2015 fixed share allowance.  Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to the Shares.  The transfer took place outside of a trading venue.        

 

3.   The Company also announces that it has been notified that the following PDMRs sold Shares on the dates detailed below.  All transactions took place on the London Stock Exchange (XLON). 

 

Name of PDMR

Position of PDMR

No. of Shares sold

Price of transaction

Date of transaction

Mark Bailie

Chief Operating Officer

550,000

£1.870

2016-11-04

Christopher Marks

Chief Executive, Corporate & Institutional Banking

550,000

£1.874

2016-11-04

Leslie Matheson

Chief Executive, Personal & Business Banking

240,000

£1.850

2016-11-09

David Stephen

Chief Risk Officer

100,000

£1.874

2016-11-08

 

 

 

 

For further information contact:-

 

RBS Investor Relations
Alexander Holcroft
Head of Equity Investor Relations
+44 20 7672 1758

 

RBS Media Relations  

+44(0)131 523 4205

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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