11th May 2012 14:59
RSA Insurance Group plc
Transactions in shares by Person Discharging Managerial Responsibility ("PDMR")
Ordinary Shares of 27.5p each
11 May 2012
RSA Insurance Group plc (the "Company") received notification on 10 May 2012, of the following transactions in its ordinary shares of 27.5p each ("Ordinary Shares") by George Culmer.
On 9 May 2012 Mr Culmer exercised 1,994,318 share options under the Company's Executive Share Options Scheme as detailed in the table below (the "Exercise"). The number of shares resulting from the Exercise represents 0.056% of the Company's issued share capital. All the shares acquired were sold at an average price of £1.0325 on 9 and 10 May 2012.
| Number of Options over Ordinary Shares exercised | Exercise price | |||
| 500,000 | £0.76 | |||
| 481,012 | £0.79 | |||
| 787,500 | £0.80 | |||
| 225,806 | £0.93 |
Following this notification, Mr Culmer holds 2,184,495 Ordinary Shares representing 0.06% of the Company's issued share capital. In addition, Mr Culmer has a beneficial interest in 149,447 voluntary deferred shares which he acquired under the Company's Long Term Incentive Plan.
This announcement is made following notifications made in accordance with the Disclosure and Transparency Rule 3.1.2R.
The transactions were carried out in London.
--ENDS--
Enquiries to:
John Mills, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44(0) 20 7111 7000
Copyright Business Wire 2012
Related Shares:
RSA.L