NatWest Group plc Director/PDMR Shareholding (8071Y)

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RNS Number : 8071Y

NatWest Group plc

08 September 2022

8 September 2022

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) in accordance with Article 19 of the Market Abuse Regulation

NatWest Group plc (the Company) announces that on 7 September 2022, a buy-out award over ordinary shares of GBP1 each in the Company (Shares) (ISIN: GB00BM8PJY71) vested to the PDMR set out below. The buy-out award had been granted in order to replace awards forfeited by the PDMR on leaving previous employment.

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

 
 Name of PDMR        Position of PDMR        No. of Shares vested   No. of Shares withheld      No. of vested Shares 
                                                                     to satisfy associated            retained 
                                                                         tax liability 
                      Chief People & 
  Jen Tippin       Transformation Officer           1,106                     535                       571 
                --------------------------  ---------------------  ------------------------  ------------------------- 
 

The market p rice used to determine the number of Shares withheld to meet associated tax liabilities was GBP2.536.

Vested Shares retained after payment of associated tax liabilities will, where applicable, be subject to retention periods which mirror the retention periods applicable to the PDMR's original awards from their previous employer.

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

[phone]

NatWest Group Media Relations

[phone]

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September 08, 2022 09:00 ET (13:00 GMT)