9th Apr 2014 17:16
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of 27.5p each
09 April 2014
RSA Insurance Group plc (the “Company”) received notification on 8 April 2014, of the following transactions in its ordinary shares of 27.5p each (“Ordinary Shares”) by PDMRs.
On 7 April 2014, awards granted on 7 April 2011 under the Company’s Long Term Incentive Plan (“LTIP”) vested (Compulsory Deferred Shares) or were released (Voluntarily Invested Deferred Shares) in the amounts shown following assessment of conditions to which they were subject under the rules of the LTIP.
| Name of PDMR | Number of shares released or vested on 7 April 20141,2 | Number of shares sold on 7 April 20143,4 | Number of shares retained5 | Number of shares lapsed6 | |||||
| Adrian Brown | 134,303 | 49,190 | 85,113 | 852,930 | |||||
| David Coughlan | 46,064 | 15,133 | 30,931 | 167,981 | |||||
| Paul Donaldson | 33,142 | 21,856 | 11,286 | 123,312 | |||||
| Vanessa Evans | 29,615 | 29,615 | 0 | 151,873 | |||||
| Mike Holliday-Williams | 54,296 | 17,837 | 36,459 | 288,456 | |||||
| Neil Lightbown | 43,701 | 14,357 | 29,344 | 236,393 | |||||
| Caroline Ramsay | 31,486 | 10,345 | 21,141 | 139,637 | |||||
| Rowan Saunders | 163,875 | 55,569 | 108,306 | 592,757 | |||||
| Derek Walsh | 117,447 | 43,016 | 74,431 | 595,152 | |||||
| David Weymouth | 116,197 | 51,249 | 64,948 | 593,974 | |||||
| Paul Whittaker | 173,416 | 173,416 | 0 | 916,472 |
1 Relates to Compulsory Deferred Shares and Voluntarily Invested Deferred Shares only.
2 Compulsory Deferred Shares were adjusted by 12.25961538% to take account of the Rights Issue.
3 All PDMR’s sold sufficient shares to cover required statutory deductions and retained the balance of the shares vested save for Vanessa Evans and Paul Whittaker who sold their shares under the LTIP. Paul Donaldson sold shares to cover the required statutory deductions plus an additional sale of shares vested under the 2011 LTIP grant.
4 On 7 April 2014 shares were sold at a price of £0.940968.
5 Retained shares are held within a UBS Nominee Account for all PDMRs save for Adrian Brown, whose shares were immediately transferred to his nominee account, LR Nominees Limited.
6 Lapsed shares relate to Voluntarily Invested Deferred Matching, Compulsory Deferred Matching and Performance Shares.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.4R.
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
Louise Shield, External Communications Director
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7047
Copyright Business Wire 2014
Related Shares:
RSA.L