Royal Bank of Scotland Group PLC Director/PDMR Shareholding (9592V)

TIDMRBS

RNS Number : 9592V

Royal Bank of Scotland Group PLC

08 November 2017

8 November 2017

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 GBP1 each in the Company ("Shares") (ISIN: GB00B7T77214) were delivered to PDMRs on 7 November 2017, as set out below.

The Shares delivered represent payment of a fixed share allowance for the six month period ending 31 December 2017 and have been calculated using a share price of GBP2.8232.

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            Position of          No. of         No. of        No. of 
       PDMR                 PDMR             Shares         Shares         Shares 
                                            delivered      withheld       retained 
                                                          to satisfy 
                                                          associated 
                                                         tax liability 
----------------  ----------------------  -----------  ---------------  ---------- 
                      Chief Operating 
 Mark Bailie              Officer           141,684         66,592        75,092 
----------------  ----------------------  -----------  ---------------  ---------- 
 Helen Cook          Chief HR Officer        37,635         17,689        19,946 
----------------  ----------------------  -----------  ---------------  ---------- 
                     Chief Executive, 
 Chris Marks          NatWest Markets       141,684         66,592        75,092 
----------------  ----------------------  -----------  ---------------  ---------- 
                     Chief Executive, 
                         Personal & 
 Les Matheson         Business Banking      106,263         49,944        56,319 
----------------  ----------------------  -----------  ---------------  ---------- 
 Ross McEwan          Chief Executive       177,104         83,239        93,865 
----------------  ----------------------  -----------  ---------------  ---------- 
                   Chief Administrative 
 Simon McNamara           Officer           115,118         54,106        61,012 
----------------  ----------------------  -----------  ---------------  ---------- 
                     Chief Executive, 
                         Commercial 
 Alison Rose         & Private Banking      132,828         62,430        70,398 
----------------  ----------------------  -----------  ---------------  ---------- 
                        Chief Risk 
 David Stephen            Officer           123,973         58,268        65,705 
----------------  ----------------------  -----------  ---------------  ---------- 
                      Chief Financial 
 Ewen Stevenson           Officer           141,684         66,592        75,092 
----------------  ----------------------  -----------  ---------------  ---------- 
                      Chief Marketing 
 David Wheldon            Officer            39,849         18,730        21,119 
----------------  ----------------------  -----------  ---------------  ---------- 
 

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 GBP2.764. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.

2. The Company announces that on 8 November 2017 Ross McEwan, Chief Executive, transferred 30,664 Shares to charity for nil consideration. The transfer is in line with the commitments Mr McEwan made in February 2015 and February 2016 to transfer all of his 2015 fixed share allowance and half of his 2016 fixed share allowance to charity. Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to such Shares. The transfer took place outside of a trading venue.

For further information contact:-

RBS Investor Relations

Alexander Holcroft

Head of Equity Investor Relations

[phone]

RBS Media Relations

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 08, 2017 10:28 ET (15:28 GMT)