TIDMNWG

RNS Number : 9683H

NatWest Group plc

08 December 2020

8 December 2020

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

NatWest Group plc (the Company) announces that on 7 December 2020, a buy-out award over ordinary shares of GBP1 each in the Company (Shares) (ISIN: GB00B7T77214) vested to the PDMR set out below. The buy out award had been granted in order to replace awards forfeited by the PDMR on leaving their previous employer.

The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by the PDMR is set out below:-

 
  Name of PDMR       Position of PDMR     No. of Shares vested   No. of Shares withheld to     No. of vested Shares 
                                                                  satisfy associated tax             retained 
                                                                         liability 
 David Lindberg    CEO, Retail Banking          106,144                   49,888                      56,256 
                  ---------------------  ---------------------  --------------------------  -------------------------- 
 

The market p rice used to determine the number of Shares withheld to meet associated tax liabilities was GBP1.6622.

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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December 08, 2020 10:30 ET (15:30 GMT)