4th Sep 2019 15:00
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
Ordinary Shares of £1.00 each
4 September 2019
The Company announces the following changes to the interests of PDMRs in the Company's Ordinary Shares of £1.00 each ("Ordinary Shares").
On 2 September 2019, the Company granted the following Conditional Awards over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) to Karen Caddick at nil cost:
Maximum No. of Performance Shares Receivable (subject to the testing of performance conditions) |
74,240 - vesting date 2 September 2022 38,072- vesting date 2 March 20211 |
No. of Bonus Deferral Shares Awarded |
6,091 - vesting date 3 March 20201 10,209 - vesting date 2 September 20221 |
Notes:
1 Awarded to compensate awards forfeited on leaving previous employer.
The forms required under the EU Market Abuse Regulation follow.
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Karen Caddick | ||||
b) | Position / status | Group & UK HR Director | ||||
c) | Initial notification / amendment | Initial Notification | ||||
2. | Details of the issuer | |||||
a) | Name | RSA Insurance Group plc | ||||
b) | LEI | 549300HOGQ7E0TY86138 | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Performance Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to vest on 2 September 2022 subject to the testing of performance conditions. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
74,240 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Performance Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 2 March 2021 subject to the testing of performance conditions. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
38,072 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Award of Deferral Bonus shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 3 March 2020. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
6,091 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Award of Deferral Bonus shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 2 September 2022. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
10,209 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries to:
Chris Smyth, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Related Shares:
RSA.L