16th Mar 2015 11:00
RSA Insurance Group plc
(“the Company”)
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of £1.00 each
16 March 2015
The Company announces the following changes to the interests of PDMRs in the Company’s Ordinary Shares of £1.00 each (“Ordinary Shares”).
On 13th March 2015 the Company granted the following conditional awards over Ordinary Shares under the RSA Performance Share Plan 2014 (PSP) to PDMRs at nil cost:
| Name | No. of Restricted Shares Awarded | Maximum No. of Performance Shares Receivable | |||
| Steve Lewis | 69,882 | 156,634 |
Under normal circumstances, Performance Shares will vest on 19th May 2017, subject to the rules of the PSP and the provisions of the Company’s approved Remuneration Policy. Performance Shares are also subject to the testing of performance conditions, details of which are disclosed within the 2013 Directors’ Remuneration Report.
Under normal circumstances, Restricted Shares will vest on 3rd April 2016, subject to the rules of the PSP and the provisions of the Company’s approved Remuneration Policy. Restricted Share Awards are not subject to performance conditions, but they are conditional awards (i.e. rights to receive shares automatically to the extent the award vests).
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:
Elinor Bell, Deputy Group Company Secretary
Tel: +44 (0) 20 7111 7000
Louise Shield, External Communications Director
Tel: +44 (0) 20 7111 7047
Copyright Business Wire 2015
Related Shares:
RSA.L