TIDMNWG

RNS Number : 6095V

NatWest Group plc

10 August 2022

10 August 2022

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 GBP1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 8 August 2022, under the NatWest Group 2014 Employee Share Plan (the Plan), as set out below.

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 September 2022 and have been calculated using a Share price of GBP2.5034.

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              No. of         No. of 
                                                      Shares delivered    Shares withheld     Shares 
                                                                            to satisfy       retained 
                                                                            associated 
                                                                           tax liability 
 
     Robert Begbie          CEO, NatWest Markets          14,980              7,389           7,591 
                       ---------------------------  ------------------  -----------------  ---------- 
 
      Peter Flavel         CEO, Wealth Businesses         24,967              12,065         12,902 
                       ---------------------------  ------------------  -----------------  ---------- 
 
                            Chief Risk Officer, 
     Bruce Fletcher            NatWest Group              33,455              16,167         17,288 
                       ---------------------------  ------------------  -----------------  ---------- 
 
     David Lindberg         CEO, Retail Banking           32,456              15,684         16,772 
                       ---------------------------  ------------------  -----------------  ---------- 
 
                              CEO, Commercial 
                              & Institutional 
                          for the non-ring-fenced 
   Andrew McLaughlin                bank                   1,998               966            1,032 
                       ---------------------------  ------------------  -----------------  ---------- 
 
                            Chief Administrative 
     Simon McNamara               Officer                 32,456              16,009         16,447 
                       ---------------------------  ------------------  -----------------  ---------- 
 
                              Chief Financial 
      Katie Murray                Officer                 76,397              36,917         39,480 
                       ---------------------------  ------------------  -----------------  ---------- 
 
                              Chief Executive 
      Alison Rose                 Officer                 112,048             54,145         57,903 
                       ---------------------------  ------------------  -----------------  ---------- 
 
                              CEO, Commercial 
                              & Institutional 
                            for the ring-fenced 
   John-Paul Thwaite                bank                  31,208              15,081         16,127 
                       ---------------------------  ------------------  -----------------  ---------- 
 
                               Chief People & 
                               Transformation 
       Jen Tippin                 Officer                 41,194              19,906         21,288 
                       ---------------------------  ------------------  -----------------  ---------- 
 

The market price used to determine the number of Shares withheld to meet associated tax liabilities was GBP2.5350. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Share Plan Account and will be released in instalments over a three year period.

2. The Company announces that it has been notified of the PDMR set out below selling Shares on the date and at the price indicated:

 
 Name of PDMR         Position        No. of Shares       Price of        Date Shares 
                       of PDMR             sold        Shares purchased    purchased 
 Bruce Fletcher      Chief Risk          56,000           GBP2.537         8 August 
                   Officer, NatWest                                           2022 
                        Group 
                 ------------------  --------------  ------------------  ------------ 
 

3. The Company announces that it has been notified of the PDMR set out below purchasing Shares on the date and at the price indicated:

 
 Name of PDMR       Position        No. of Shares       Price of        Date Shares 
                     of PDMR          purchased      Shares purchased    purchased 
 Ian Cormack      Non-executive        30,000           GBP 2.539        8 August 
                    Director,                                               2022 
                 NatWest Holdings 
                     Limited 
               ------------------  --------------  ------------------  ------------ 
 

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

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

NatWest Group Investor Relations

Alexander Holcroft

Head of Investor Relations

+44(0)20 7672 1758

NatWest Group Media Relations

+44(0)131 523 4205

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END

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August 10, 2022 11:30 ET (15:30 GMT)

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