Royal Bank of Scotland Group PLC Director/PDMR Shareholding (8640B)

TIDMRBS

RNS Number : 8640B

Royal Bank of Scotland Group PLC

11 June 2019

11 June 2019

The Royal Bank of Scotland Group plc

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 conditional deferred awards over ordinary shares of GBP1 each in the Company (Shares) (ISIN: GB00B7T77214) vested on 7 June 2019 to the PDMRs set out below. The conditional deferred awards were granted under the RBS 2014 Employee Share Plan (the Plan) in March 2019. 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       No. of vested Shares 
                                                                          withheld to satisfy          retained 
                                                                            associated tax 
                                                                               liability 
 Andrew McLaughlin(1)    CEO, RBS International          46,922                   Nil                   46,922 
                        -----------------------  ---------------------  ----------------------  ---------------------- 
                            Chief Financial 
 Katie Murray                    Officer                 28,801                 13,537                  15,264 
                        -----------------------  ---------------------  ----------------------  ---------------------- 
 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. 
 

The above transactions took place outside of a trading venue. The market price used to meet associated tax liabilities was GBP2.145. Vested Shares retained after payment of associated tax liabilities will be subject to a retention period of twelve months.

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

RBSG Investor Relations

Alexander Holcroft

Head of Investor Relations

[phone]

RBSG Media Relations

[phone]

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June 11, 2019 10:02 ET (14:02 GMT)