NatWest Group plc Director/PDMR Shareholding (9500I)

TIDMNWG

RNS Number : 9500I

NatWest Group plc

10 August 2023

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the Market Abuse Regulation

NatWest Group plc (the Company) announces that ordinary shares of GBP1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71 ) were delivered to PDMRs on 8 August under the NatWest Group 2014 Employee Share Plan, as set out below.

The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2023 and have been calculated using a Share price of GBP2.3796.

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 
                          CEO, Commercial 
                           & Institutional 
                           Non Ring-Fenced 
                            Bank and CEO, 
    Robert Begbie          NatWest Markets             15,759              7,734           8,025 
                    ---------------------------  ------------------  -----------------  ---------- 
                          Group Chief Risk 
    Keiran Foad                Officer                 43,338              20,400         22,938 
                    ---------------------------  ------------------  -----------------  ---------- 
 
   David Lindberg       CEO, Retail Banking            34,145              16,073         18,072 
                    ---------------------------  ------------------  -----------------  ---------- 
 
                       Group Chief Information 
   Scott Marcar                Officer                 43,338              20,400         22,938 
                    ---------------------------  ------------------  -----------------  ---------- 
 
                        Group Chief Financial 
   Katie Murray                Officer                 82,782              38,966         43,816 
                    ---------------------------  ------------------  -----------------  ---------- 
 
                        Group Chief Executive 
  Paul Thwaite(1)              Officer                 32,832              15,455         17,377 
                    ---------------------------  ------------------  -----------------  ---------- 
 
                          Group Chief People 
                           & Transformation 
    Jen Tippin                 Officer                 43,338              20,400         22,938 
                    ---------------------------  ------------------  -----------------  ---------- 
 (1) The award has been calculated with reference to Paul 
  Thwaite's fixed share allowance entitlement as Chief Executive 
  Officer Commercial and Institutional, Ring-Fenced Bank. 
  Further disclosures relating to Paul Thwaite's remuneration 
  arrangements as Group Chief Executive Officer will be made 
  in due course.

* Note: the nominal value of ordinary shares without rounding is GBP1.076923076923077 per share

The market price used to determine the number of Shares withheld to meet associated tax liabilities was GBP2.3939. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a three or five year period.

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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