22nd Mar 2013 12:00
RSA Insurance Group plc
(the “Company”)
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of 27.5p each
22 March 2013
The Company announces the following changes to the interests of PDMRs in the Company’s Ordinary Shares of 27.5p each (“Ordinary Shares”).
On 21 March 2013, the following Ordinary Shares were purchased under The Royal & Sun Alliance 2006 Long-Term Incentive Plan (“LTIP”) for PDMRs:
| Name | No. of Voluntarily Invested Deferred Shares | ||||
| Adrian Brown | 33,225 | ||||
| Richard Houghton | 34,336 | ||||
| Vanessa Evans | 22,695 | ||||
| Caroline Ramsay | 15,790 | ||||
| Simon Lee | 64,760 | ||||
| Derek Walsh | 24,996 | ||||
| Paul Whittaker | 42,460 |
Annually, PDMRs are given the opportunity to voluntarily invest a proportion of their annual cash bonus award into the LTIP. The Ordinary Shares acquired with this investment, Voluntarily Invested Deferred Shares (“deferred shares”), are held in trust by Capita Trustees Limited (“Capita”). These deferred shares are released on the third anniversary of the grant date. They can be removed from the trust before this date, but the individual will then forfeit any associated performance-related matching award. Deferred shares are not subject to performance conditions.
The deferred shares noted in the table above were purchased by Capita on behalf of the participants on 21 March 2013 at a price of £1.169372 per Ordinary Share.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.
The transactions were carried out in London.
Enquiries to:
John Mills, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Copyright Business Wire 2013
Related Shares:
RSA.L