18th Mar 2010 09:22
RSA Insurance Group plc
Transactions in shares by Person Discharging Managerial Responsibility ("PDMR")
Ordinary Shares of 27.5p each
18 March 2010
RSA Insurance Group plc (the "Company") received notification on 17 March 2010, of the following transactions in its ordinary shares of 27.5p each ("Ordinary Shares") by Andrew Kenneth Haste on 16 March 2010.
Mr Haste exercised 7,573,433 share options under the Company's Executive Share Option Scheme as detailed in the table below (the "Exercise"). The number of shares resulting from the Exercise represents 0.22% of the Company's issued share capital.
| Number of Options over Ordinary Shares exercised | Exercise price | |
| 3,052,915 | £0.590 | |
| 1,298,701 | £0.924 | |
| 443,037 | £0.790 | |
| 921,052 | £0.760 | |
| 1,443,750 | £0.800 | |
| 413,978 | £0.930 | |
Following the Exercise, Mr Haste transferred 8,818 shares to his spouse Tammy Marie Richardson. Mrs Richardson immediately sold the 8,818 shares at a price of £1.257099 per share.
Mr Haste also sold 5,728,875 shares at a price of £1.257099 per share to cover the cost of the Exercise, associated tax liabilities and commission. The number of shares sold represents 0.17% of the Company's issued share capital.
Following this notification, Mr Haste holds 4,871,723 Ordinary Shares representing 0.14% of the Company's issued share capital. This does not include Mr Haste's beneficial interest in 245,065 voluntary deferred shares which he acquired under the Company's Long Term Incentive Plan.
Following this notification, Mrs Richardson holds no Ordinary Shares.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.
The transactions were carried out in London.
--ENDS--
Enquiries to:
Julia Possener, Deputy Group Company SecretaryRSA Insurance Group plcTel: +44 (0) 20 7111 7000
Copyright Business Wire 2010
Related Shares:
RSA.L