RNS Number : 5495L
NatWest Group plc
08 November 2024
 

8 November 2024

 

NatWest Group plc

 

  

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION

 

1.  NatWest Group plc (the Company) announces that ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 7 November 2024 under the NatWest Group 2024 Employee Share Plan (the Plan), as set out below. 

 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2024 and have been calculated using a Share price of £3.7650.

 

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 PDMR

Position of PDMR

No. of Shares vested

No. of Shares withheld to satisfy associated tax liability

 

No. of vested Shares retained

Robert Begbie

CEO, NatWest Commercial & Institutional

24,071

12,054

12,017

*Emma Crystal

CEO, Coutts and Wealth Businesses

18,261

8,596

9,665

Keiran Foad

Group Chief Risk Officer

27,391

12,894

14,497

David Lindberg

CEO, Retail Banking

24,071

11,331

12,740

Scott Marcar

Group Chief Information Officer

27,391

12,894

14,497

Katie Murray

Group Chief Financial Officer

52,321

24,628

27,693

Paul Thwaite

Group Chief Executive Officer

76,738

36,122

40,616

Jen Tippin

Group Chief Operating Officer

27,391

12,894

14,497

 

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £3.8632 and where indicated *£3.8488. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a five year period.

 

2.  The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:

Name of PDMR

Position of PDMR

No. of Shares sold

Sale price

 

Date of transaction

Scott Marcar

Group Chief Information Officer

93,336

3.8329

7 November 2024

 

All of the above transactions took place on the London Stock Exchange (XLON).

 

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share 

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90


For further information contact:

NatWest Group Investor Relations
Claire Kane
Director of Investor Relations
+44 20 7672 1758

 

NatWest Group Media Relations 

+44(0)131 523 4205

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