20th May 2014 14:30
RSA Insurance Group plc
(“the Company”)
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of £1.00 each
20 May 2014
The Company announces the following changes to the interests of PDMRs in the Company’s Ordinary Shares of £1.00 each (“Ordinary Shares”).
On 19th May 2014 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 Bonus Deferral Shares Awarded | Maximum No. of Performance Shares Receivable | |||
| Patrick Bergander | 8,240 | 45,549 | |||
| David Coughlan | 12,186 | 131,465 | |||
| Vanessa Evans | 12,331 | 123,310 | |||
| Stephen Hester | - | 585,431 | |||
| Richard Houghton | - | 233,581 | |||
| Neil Lightbown | 8,172 | 143,790 | |||
| Darren Price | 4,415 | 123,248 | |||
| Caroline Ramsay | 6,254 | 125,097 | |||
| Rowan Saunders | 16,565 | 165,652 | |||
| Derek Walsh | 12,707 | 127,076 | |||
| David Weymouth | 7,445 | 148,906 | |||
| Paul Whittaker | 37,388 | 169,949 |
Under normal circumstances, awards of Bonus Deferral Shares and 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.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.
Enquiries to:
John Mills, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Copyright Business Wire 2014
Related Shares:
RSA.L