Royal Bank of Scotland Group PLC Director/PDMR Shareholding (8640B)
12 June 2019 - 12:02AM
UK Regulatory
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
+44(0)20 7672 1758
RBSG Media Relations
+44(0)131 523 4205
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END
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