rbs201503056k1.htm
 
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
For March 6, 2015
 
Commission File Number: 001-10306

 
The Royal Bank of Scotland Group plc

 
RBS, Gogarburn, PO Box 1000
Edinburgh EH12 1HQ

 
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F X
  
Form 40-F ___
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_________

 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_________


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes
   ___
No X
 
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________

 
 
The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:

 

 
 
 
The Royal Bank of Scotland Group plc
6 March 2015
 
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY IN ACCORDANCE WITH DTR 3.1.2R AND DTR 3.1.4R
 
1.   The Royal Bank of Scotland Group plc (the "Company") announces that conditional deferred awards over ordinary shares of £1 in the Company ("Shares") vested on 6 March 2015 to the Persons Discharging Managerial Responsibility ("PDMRs") set out below. The conditional deferred awards were granted under the RBS 2010 Deferral Plan between March 2012 and March 2014. The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-
 
 
PDMR
No. of Shares vested
No. of Shares sold to satisfy relevant tax liability
No. of vested Shares retained
       
Elaine Arden
15,291
7,199
8,092
Rory Cullinan
393,786
185,358
208,428
Leslie Matheson
10,813
5,091
5,722
Ross McEwan
18,799
8,849
9,950
Alison Rose
132,054
62,160
69,894
David Stephen
46,065
21,684
24,381
 
 
The market price per Share on the date of vesting was £3.782.  Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.
 
2.   The Company announces that conditional long term incentive awards over Shares vested on 6 March 2015 to the PDMRs set out below.  The conditional long term incentive awards were granted under the RBS 2010 Long Term Incentive Plan on 7 March 2012 (or as otherwise stated).  The number of Shares sold to meet relevant tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-
 
 
PDMR
No. of Shares vested
No. of Shares sold to satisfy relevant tax liability
No. of Shares retained
       
Elaine Arden
130,690
61,517
69,173
Rory Cullinan
186,979
88,013
98,966
Leslie Matheson
95,879
45,131
50,748
Simon McNamara1
66,050
31,091
34,959
Alison Rose
194,313
91,465
102,848
David Stephen
135,853
63,947
71,906
Ewen Stevenson2
148,895
70,086
78,809
 
1 Granted and announced on 8 November 2013.
2 Granted and announced on 19 May 2014.
 
The market price per Share on the date of vesting was £3.782.  Vested Shares retained after payment of relevant tax liabilities are subject to a six month retention period from vesting and are held in the Computershare Retained Shares Nominee account.
 
3.   The Company announces that a conditional award over Shares has been granted on 6 March 2015 under the RBS 2014 Employee Share Plan (the "ESP") to the PDMR set out below.  The award is subject to performance conditions. Malus provisions will apply up until vest and clawback provisions will also apply for a period of seven years from the date of grant. 
 
 
PDMR
Maximum no. of Shares eligible to vest
Rory Cullinan
555,110
 
The market price per Share used on the grant of the above awards was £3.7362.  Vested Shares retained after payment of relevant tax liabilities will be subject to a six month retention period from vesting.
 
4.   The Company announces that conditional long term incentive awards over Shares have been granted on 6 March 2015 under the ESP to the PDMRs set out below.  The awards are subject to performance conditions. Malus provisions will apply up until the vest and clawback provisions will also apply for a period of seven years from the date of grant. 
 
 
PDMR
No. of Shares representing the initial notional value of award at grant
Maximum no. of Shares eligible to vest
     
Elaine Arden
141,321
294,417
Leslie Matheson
160,592
334,565
Ross McEwan
200,394
417,486
Simon McNamara
179,863
374,713
Jonathan Pain
141,321
294,417
Alison Rose
173,439
361,330
David Stephen
167,016
347,948
Ewen Stevenson
277,502
578,128
 
The market price per Share used on the grant of the above awards was £3.7362.  Vested Shares retained after payment of relevant tax liabilities will be subject to a six month retention period from vesting.
 
5. The Company announces that on 6 March 2015 it was notified that Elaine Arden, a PDMR, had sold 42,488 Shares on that date, at a price of £3.76565 per share.
 
6.  The Company announces that on 5 March 2015 it was notified that Rory Cullinan, a PDMR, had sold 318,468 Shares on that date, at a price of £3.715 per share.
 
 
 
 
For further information contact:-
RBS Media Relations - +44(0)131 523 4205
 
Person responsible for making notification:-
Aileen Taylor, Company Secretary
 
 

 



 
 
Signatures


 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
 
 
Date: 6 March 2015
 
 
THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
 
 
 
By:
/s/ Jan Cargill
 
 
Name:
Title:
Jan Cargill
Deputy Secretary