TIDMRBS

RNS Number : 0264F

Royal Bank of Scotland Group PLC

12 May 2017

12 May 2017

The Royal Bank of Scotland Group plc

Legal Entity Identifier: 2138005O9XJIJN4JPN90

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

1. The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of GBP1 each in the Company ("Shares") (ISIN: GB00B7T77214) were delivered to PDMRs on 12 May 2017, as set out below.

Unless otherwise stated, the Shares delivered represent payment of a fixed share allowance for the six month period ending 30 June 2017 and have been calculated using a share price of GBP2.6642.

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             Position of          No. of         No. of        No. of 
       PDMR                  PDMR             Shares         Shares         Shares 
                                             delivered      withheld       retained 
                                                           to satisfy 
                                                           associated 
                                                          tax liability 
-----------------  ----------------------  -----------  ---------------  ---------- 
                       Chief Operating 
 Mark Bailie               Officer           150,139         70,566        79,573 
-----------------  ----------------------  -----------  ---------------  ---------- 
 Helen Cook 
  (1)                 Chief HR Officer        19,941         9,373         10,568 
-----------------  ----------------------  -----------  ---------------  ---------- 
 Christopher          Chief Executive, 
  Marks                NatWest Markets       150,139         70,566        79,573 
-----------------  ----------------------  -----------  ---------------  ---------- 
                      Chief Executive, 
                          Personal & 
 Leslie Matheson       Business Banking      112,605         52,925        59,680 
-----------------  ----------------------  -----------  ---------------  ---------- 
 Ross McEwan           Chief Executive       187,674         88,207        99,467 
-----------------  ----------------------  -----------  ---------------  ---------- 
                    Chief Administrative 
 Simon McNamara            Officer           121,988         57,335        64,653 
-----------------  ----------------------  -----------  ---------------  ---------- 
                      Chief Executive, 
                          Commercial 
 Alison Rose          & Private Banking      136,064         63,951        72,113 
-----------------  ----------------------  -----------  ---------------  ---------- 
                         Chief Risk 
 David Stephen             Officer           131,372         61,745        69,627 
-----------------  ----------------------  -----------  ---------------  ---------- 
                       Chief Financial 
 Ewen Stevenson            Officer           150,139         70,566        79,573 
-----------------  ----------------------  -----------  ---------------  ---------- 
                       Chief Marketing 
 David Wheldon             Officer            42,227         19,847        22,380 
-----------------  ----------------------  -----------  ---------------  ---------- 
 
 (1) Helen Cook's fixed share allowance represents 
  payment for the three month period ending 30 
  June 2017, which coincides with her appointment 
  into role. 
-----------------------------------------------------------------------------------

The above transactions took place outside of a trading venue. The opening price on the date that the Shares were delivered and some were withheld to meet associated tax liabilities was GBP2.6010. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.

2. The Company announces that on 11 May 2017 Ross McEwan, Chief Executive, transferred 27,602 Shares to charity for nil consideration. The transfer is in line with the commitments Mr McEwan made in February 2015 and February 2016 to transfer all of his 2015 fixed share allowance and half of his 2016 fixed share allowance to charity. Following the transfer to charity, Mr McEwan has relinquished all legal and beneficial rights to the Shares. The transfer took place outside of a trading venue.

For further information contact:-

RBS Investor Relations

Alexander Holcroft

Head of Equity Investor Relations

+44 20 7672 1758

RBS Media Relations

+44(0)131 523 4205

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 12, 2017 09:00 ET (13:00 GMT)

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