4th Apr 2017 13:00
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
Ordinary Shares of £1.00 each
4 April 2017
The Company announces the following changes to the interests of PDMRs in the Company's Ordinary Shares of £1.00 each ("Ordinary Shares").
On 4 April 2017 the Company granted the following Conditional Awards over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) to the following PDMRs at nil cost:
Name | No. of Bonus Deferral Shares over which Award Granted | No. of Performance Shares over which Award Granted |
Patrick Bergander | 8,836- vesting date 4 April 2017 17,672 - vesting date 4 April 2021 | 20,449 |
Nathan Williams | 6,481 - vesting date 4 April 2017 25,865 - vesting date 4 April 2020 | - |
Bonus Deferral Shares:
Awards of Bonus Deferral Shares are granted as part of the Annual Bonus award. Information on grant and vesting dates is as follows:
· 8,836 of the shares subject to the award granted to Patrick Bergander vest immediately on the date of grant, being 4th April 2017. Under normal circumstances the balance of 17,672 shares will vest on 4th April 2021. A six-month holding period is applicable to these share awards, from the relevant vesting date.
· 6,481 of the shares subject to the award granted to Nathan Williams vest immediately on the date of grant, being 4th April 2017, and a six-month holding period is applicable to these shares from the vesting date. Under normal circumstances the balance of 25,865 shares will vest on 4th April 2020, and a six-month holding period is applicable to 12,963 of these shares, from the vesting date.
Performance Shares:
Under normal circumstances, awards of Performance Shares will vest on 4 April 2021, subject to the testing of performance conditions, the rules of the PSP and the provisions of the Company's approved Remuneration Policy. A six-month holding period is applicable to vested share awards, from the relevant vesting date.
The forms required under the EU Market Abuse Regulation follow.
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Patrick Bergander | ||||
b) | Position / status | CEO Scandinavia | ||||
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 Bonus Deferral share award over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost with a vesting date of 4 April 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
8,836
Nil | ||||
e) | Date of the transaction | 4 April 2017
| ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
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 Bonus Deferral share award over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost with a vesting date of 4 April 2021. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
17,672
Nil | ||||
e) | Date of the transaction | 4 April 2017
| ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
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 Share award over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
20,449
Nil | ||||
e) | Date of the transaction | 4 April 2017
| ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
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 | Vesting of Bonus Deferral share award granted on 4 April 2017 over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP). The vested shares are subject to a six-month holding period which ends on 4 October 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
8,836
Nil | ||||
e) | Date of the transaction | 4 April 2017
| ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Nathan Williams | ||||
b) | Position / status | Group Underwriting 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 Bonus Deferral share award over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost with a vesting date of 4 April 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
6,481
Nil | ||||
e) | Date of the transaction | 4 April 2017
| ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
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 Bonus Deferral share award over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost with a vesting date of 4 April 2020. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
25,865
Nil | ||||
e) | Date of the transaction | 4 April 2017
| ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
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 | Vesting of Bonus Deferral share award granted on 4 April 2017 over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP). The vested shares are subject to a six-month holding period which ends on 4 October 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
6,481
Nil | ||||
e) | Date of the transaction | 4 April 2017
| ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Related Shares:
RSA.L