Director/PDMR Shareholding

NatWest Group plc
08 June 2023
 

8 June 2023

NatWest Group plc

 

  

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION

 

NatWest Group plc (the Company) announces that deferred awards (Deferred Awards) over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) vested on 7 June 2023, under the NatWest Group plc 2014 Employee Share Plan (the Plan), to the PDMRs set out below. The awards were granted under the Plan on 7 March 2023.

 

The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below.

 

Name of PDMR

Position of PDMR

No. of Shares vested

No. of Shares withheld to satisfy associated tax liability

 

No. of vested Shares retained

 

Robert Begbie

 

CEO, NatWest Markets

 

65,810

32,296

33,514

Peter Flavel

 

CEO, Wealth Businesses

 

52,858

24,881

27,977

Oliver Holbourn1

CEO, RBS International

58,320

-

58,320

David Lindberg

CEO, Retail Banking

85,642

40,313

45,329

Scott Marcar

 

Group Chief Information Officer

 

98,929

46,567

52,362

Andrew McLaughlin

 

CEO, Commercial & Institutional (non-ring-fenced bank)

 

54,196

24,425

29,771

Katie Murray

Group Chief Financial Officer

73,596

34,643

38,953

 

Alison Rose

 

 

Group Chief Executive Officer

 

113,820

53,576

60,244

 

John-Paul Thwaite

 

CEO, Commercial & Institutional (ring-fenced bank)

 

63,764

30,015

33,749

 

Jen Tippin

 

Chief People & Transformation Officer

 

101,720

47,881

53,839

1.     The award was granted when the PDMR was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority.

 

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share 

The market price used to meet associated tax liabilities was £2.5972. 

 

Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period. 

 

All of the above transactions took place on the London Stock Exchange (XLON).

 

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

For further information contact:-

NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758

 

NatWest Group Media Relations 

+44(0)131 523 4205

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings