By Elena Vardon

Former NatWest Chief Executive Officer Alison Rose will miss out on 7.6 million pounds ($9.3 Million) in bonuses and share awards and will only receive the fixed elements of her pay for the rest of her notice period ending July 26, the bank said.

The lender confirmed on Friday that the so-called "good leaver" status isn't applicable under the share plan rules.

Rose resigned in July following her conversation with a journalist about the accounts of former Coutts customer and Brexit campaigner Nigel Farage that engulfed the British lender in a political drama.

NatWest said no finding of misconduct has been made against Rose by the group.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

November 10, 2023 05:07 ET (10:07 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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