NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Christopher Paul Sullivan
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Vesting of conditional share award under The RBS 2010 Deferral Plan made on 7 March 2011. The number of ordinary shares received has been reduced by the amount required to discharge Mr Sullivan's relevant tax liability. Following this reduction, Mr Sullivan has received 105,186 ordinary shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
105,186
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Ron Teerlink
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Vesting of conditional share award under The RBS 2010 Deferral Plan made on 7 March 2011. The number of ordinary shares received has been reduced by the amount required to discharge Mr Teerlink's relevant tax liability. Following this reduction, Mr Teerlink has received 97,095 ordinary shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
97,095
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Bruce Winfield Van Saun
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Vesting of an allocation of shares under the Share Bank arrangements. The allocation was made as a conditional right to acquire ordinary shares under The RBS 2010 Deferral Plan on 7 March 2011. The number of ordinary shares received has been reduced by the amount required to discharge Mr Van Saun's relevant tax liability. Following this reduction, Mr Van Saun has received 727,411 ordinary shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
727,411
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Ellen Alemany
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Share award under The RBS 2010 Deferral Plan on 9 March 2012.
818,504 ordinary shares have been received by Ms Alemany on 9 March 2012 following immediate vesting and a reduction by the amount required to discharge Ms Alemany's relevant tax liability. A total of 2,090,510 ordinary shares will be eligible to vest between March 2013 and March 2015.
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
818,504
8. Price per share or value of transaction
£0.2799
9. Date and place of transaction - 9 March 2012
10. Date issuer informed of transaction - 9 March 2012
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Nathan Mark Bostock
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Share award under The RBS 2010 Deferral Plan on 9 March 2012.
600,212 ordinary shares have been received by Mr Bostock on 9 March 2012 following immediate vesting and a reduction by the amount required to discharge Mr Bostock's relevant tax liability. A total of 1,875,670 ordinary shares will be eligible to vest between March 2013 and March 2015.
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
600,212
8. Price per share or value of transaction
£0.2799
9. Date and place of transaction - 9 March 2012
10. Date issuer informed of transaction - 9 March 2012
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Paul Robert Geddes
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Share award under The RBS 2010 Deferral Plan on 9 March 2012.
308,679 ordinary shares have been received by Mr Geddes on 9 March 2012 following immediate vesting and a reduction by the amount required to discharge Mr Geddes relevant tax liability. A total of 964,631 ordinary shares will be eligible to vest between March 2013 and March 2015.
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
308,679
8. Price per share or value of transaction
£0.2799
9. Date and place of transaction - 9 March 2012
10. Date issuer informed of transaction - 9 March 2012
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
John Patrick Hourican
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Share award under The RBS 2010 Deferral Plan on 9 March 2012.
857,453 ordinary shares have been received by Mr Hourican on 9 March 2012 following immediate vesting and a reduction by the amount required to discharge Mr Hourican's relevant tax liability. A total of 2,679,528 ordinary shares will be eligible to vest between March 2013 and March 2015.
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
857,453
8. Price per share or value of transaction
£0.2799
9. Date and place of transaction - 9 March 2012
10. Date issuer informed of transaction - 9 March 2012
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Christopher Paul Sullivan
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Share award under The RBS 2010 Deferral Plan on 9 March 2012.
284,669 ordinary shares have been received by Mr Sullivan on 9 March 2012 following immediate vesting and a reduction by the amount required to discharge Mr Sullivan's relevant tax liability. A total of 889,604 ordinary shares will be eligible to vest between March 2013 and March 2015.
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
284,669
8. Price per share or value of transaction
£0.2799
9. Date and place of transaction - 9 March 2012
10. Date issuer informed of transaction - 9 March 2012
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Ron Teerlink
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Computershare Retained Shares Nominee
6. State the nature of the transaction
Share award under The RBS 2010 Deferral Plan on 9 March 2012.
291,529 ordinary shares have been received by Mr Teerlink on 9 March 2012 following immediate vesting and a reduction by the amount required to discharge Mr Teerlink's relevant tax liability. A total of 911,040 ordinary shares will be eligible to vest between March 2013 and March 2015.
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
7. Number of shares, debentures or financial instruments relating to shares acquired
291,529
8. Price per share or value of transaction
£0.2799
9. Date and place of transaction - 9 March 2012
10. Date issuer informed of transaction - 9 March 2012
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Bruce Winfield Van Saun
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
An allocation of shares under the Share Bank arrangement for annual incentives in respect of the 2011 performance year. The allocation is made as a conditional right to acquire ordinary shares under The RBS 2010 Deferral Plan. The date of the award was 9 March 2012 and the award will vest in two equal tranches in 2013 and 2014.
The award is subject to clawback provisions prior to vesting of the shares. Vested shares are subject to a six month retention period following vesting.
6. Number of shares, debentures or financial instruments relating to shares acquired
Award granted over 3,000,000 ordinary shares
7. Date and place of transaction - 9 March 2012
8. Date issuer informed of transaction - 9 March 2012
9. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Ellen Alemany
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award was 9 March 2012 and the award will vest on 9 March 2015, subject to the achievement of performance conditions as outlined in Section 10 below.
6. Number of shares, debentures or financial instruments relating to shares acquired
Number of shares representing the initial notional value of award at grant - 3,540,381
Maximum number of shares releasable under the award - 7,867,512
The initial notional value has been calculated based on 45% of the maximum number of shares.
7. Price per share or value of transaction
£0.2799
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Any additional information
Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, the award will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Nathan Mark Bostock
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award was 9 March 2012 and the award will vest on 9 March 2015, subject to the achievement of performance conditions as outlined in Section 10 below.
6. Number of shares, debentures or financial instruments relating to shares acquired
Number of shares representing the initial notional value of award at grant - 4,019,293
Maximum number of shares releasable under the award - 8,931,762
The initial notional value has been calculated based on 45% of the maximum number of shares.
7. Price per share or value of transaction
£0.2799
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Any additional information
Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, the award will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Paul Robert Geddes
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award was 9 March 2012 and the award will vest on 9 March 2015, subject to the achievement of performance conditions as outlined in Section 10 below.
6. Number of shares, debentures or financial instruments relating to shares acquired
Number of shares representing the initial notional value of award at grant - 2,411,576
Maximum number of shares releasable under the award - 5,359,057
The initial notional value has been calculated based on 45% of the maximum number of shares.
7. Price per share or value of transaction
£0.2799
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Any additional information
Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, the award will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Stephen Alan Michael Hester
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award was 9 March 2012 and the award will vest on 9 March 2015, subject to the achievement of performance conditions as outlined in Section 10 below.
6. Number of shares, debentures or financial instruments relating to shares acquired
Number of shares representing the initial notional value of award at grant - 5,787,782
Maximum number of shares releasable under the award - 12,861,737
The initial notional value has been calculated based on 45% of the maximum number of shares.
7. Price per share or value of transaction
£0.2799
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Any additional information
The award will vest after completion of a three year performance period, subject to delivery against the following performance conditions:
· Core Bank Economic Profit (25%)
· Relative Total Shareholder Return (25%)
· Balance Sheet and Risk (25%)
· Strategic Scorecard (25%)
In addition, the award will only vest if risk management during the performance period has been effective and financial and non-financial performance has been satisfactory in line with the Group's strategic plan. The award is subject to clawback provisions. Any vested shares will be subject to a further six month retention period post vesting.
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Christopher Paul Sullivan
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award was 9 March 2012 and the award will vest on 9 March 2015, subject to the achievement of performance conditions as outlined in Section 10 below.
6. Number of shares, debentures or financial instruments relating to shares acquired
Number of shares representing the initial notional value of award at grant - 2,411,576
Maximum number of shares releasable under the award - 5,359,057
The initial notional value has been calculated based on 45% of the maximum number of shares.
7. Price per share or value of transaction
£0.2799
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Any additional information
Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, the award will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Ron Teerlink
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award was 9 March 2012 and the award will vest on 9 March 2015, subject to the achievement of performance conditions as outlined in Section 10 below.
6. Number of shares, debentures or financial instruments relating to shares acquired
Number of shares representing the initial notional value of award at grant - 2,411,576
Maximum number of shares releasable under the award - 5,359,057
The initial notional value has been calculated based on 45% of the maximum number of shares.
7. Price per share or value of transaction
£0.2799
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Any additional information
Vesting of this award is subject to delivery against financial and operational performance targets developed in the strategic plan, over a three-year period. In addition, the award will only vest if risk management during the performance period has been effective. Clawback provisions will also apply.
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R
1. Name of the issuer - The Royal Bank of Scotland Group plc
2. Name of person discharging managerial responsibilities/director
Bruce Winfield Van Saun
3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest
In respect of a holding of the person referred to in 2
4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of £0.25
5. State the nature of the transaction
Award of a conditional right to acquire ordinary shares under the RBS 2010 Long Term Incentive Plan. The date of award was 9 March 2012 and the award will vest on 9 March 2015, subject to the achievement of performance conditions as outlined in Section 10 below.
6. Number of shares, debentures or financial instruments relating to shares acquired
Number of shares representing the initial notional value of award at grant - 3,617,364
Maximum number of shares releasable under the award - 8,038,586
The initial notional value has been calculated based on 45% of the maximum number of shares.
7. Price per share or value of transaction
£0.2799
8. Date and place of transaction - 9 March 2012
9. Date issuer informed of transaction - 9 March 2012
10. Any additional information
The award will vest after completion of a three year performance period, subject to delivery against the following performance conditions:
· Core Bank Economic Profit (25%)
· Relative Total Shareholder Return (25%)
· Balance Sheet and Risk (25%)
· Strategic Scorecard (25%)
In addition, the award will only vest if risk management during the performance period has been effective and financial and non-financial performance has been satisfactory in line with the Group's strategic plan. The award is subject to clawback provisions. Any vested shares will be subject to a further six month retention period post vesting.
11. Name of contact and telephone number for queries
Michael Strachan, Deputy Head of Group Media Relations - +44(0)131 523 4205
Name and signature of duly authorised officer of issuer responsible for making notification
Aileen Taylor, Group Secretary
Date of notification - 9 March 2012