Royal Bank of Scotland Group PLC Director/PDMR Shareholding (8674V)
12 August 2015 - 11:00PM
UK Regulatory
TIDMRBS
RNS Number : 8674V
Royal Bank of Scotland Group PLC
12 August 2015
The Royal Bank of Scotland Group plc
12 August 2015
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH DTR3.1.2R AND DTR
3.1.4R
1. The Royal Bank of Scotland Group plc (the "Company")
announces that ordinary shares of GBP1 each in the Company
("Shares") were delivered to the PDMRs on 12 August 2015, as set
out below.
The Shares delivered represent payment of a fixed share
allowance for the six month period ended 30 June 2015.
The number of Shares delivered, the number of Shares sold to
meet associated tax liabilities and the number of Shares retained
by each PDMR is as follows:-
PDMR No. of Shares No. of Shares No. of
delivered sold to satisfy Shares
associated retained
tax liability
Elaine Arden 41,691 19,625 22,066
Mark Bailie 140,243 66,014 74,229
Chris Marks 140,243 66,014 74,229
Leslie Matheson 79,756 37,542 42,214
Ross McEwan 145,012 68,259 76,753
Simon McNamara 87,006 40,955 46,051
Jonathan Pain 43,504 20,478 23,026
Alison Rose 87,006 40,955 46,051
David Stephen 90,632 42,662 47,970
Ewen Stevenson 116,009 54,607 61,402
The market price used to determine the number of Shares
delivered was GBP3.448. Shares retained after payment of associated
tax liabilities are held on behalf of PDMRs in the Computershare
Retained Share Nominee account and will be released in instalments
over a five year retention period.
In February 2015, Mr McEwan confirmed that he did not intend to
benefit from his 2015 fixed share allowance. In light of this
commitment, he will transfer the net of tax shares retained to
charity when they are released over the course of the five year
retention period.
2. The Company also announces the vesting of 95,318 Shares to Mr
McEwan arising from a conditional share award under the RBS 2010
Long Term Incentive Plan. This award was granted on 30 August 2012
on Mr McEwan's appointment as CEO of UK Retail to replace awards
which he forfeited on leaving Commonwealth Bank of Australia. The
award was subject to RBS performance conditions measured over a
three year period to 31 December 2014.
A total of 44,867 Shares have been sold at GBP3.403 per share to
meet the immediate tax liabilities arising on vesting. Mr McEwan
has retained the remaining 50,451 vested Shares, which are subject
to a six month retention period following vesting.
For further information contact:-
RBS Media Relations - +44(0)131 523 4205
Person responsible for making notification:-
Aileen Taylor, Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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