8th Mar 2019 15:00
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
Ordinary Shares of £1.00 each
8 March 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 8 March 2019 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 | Maximum No. of Performance Shares Receivable | No. of Bonus Deferral Shares Awarded |
Stephen Hester | 457,235 | 49,894 |
Scott Egan | 215,415 | 27,032 |
Martin Thompson | 139,267 | 9,095 |
Ralph Daals | 70,779 | 5,596 |
Charlotte Heiss | 59,817 | 4,594 |
William McDonnell | 76,318 | 6,609 |
Nathan Williams | 97,133 | 9,141 |
Cathy Lewis | - | 12,291 |
Under normal circumstances, Awards of Bonus Deferral Shares and Performance Shares will vest on 8 March 2022, 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. A two-year retention period is applicable to Executive Directors' vested Performance Shares.
The forms required under the EU Market Abuse Regulation follow.
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Stephen Hester | ||||
b) | Position / status | Group Chief Executive | ||||
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
457,235 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 | Award of Deferral Bonus shares 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 |
49,894 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Scott Egan | ||||
b) | Position / status | CEO, UK and International | ||||
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
215,415 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 | Award of Deferral Bonus shares 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 |
27,032 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Martin Thompson | ||||
b) | Position / status | CEO, Canada | ||||
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
139,267 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 | Award of Deferral Bonus shares 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 |
9,095 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Ralph Daals | ||||
b) | Position / status | Group Chief Auditor | ||||
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
70,779 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 | Award of Deferral Bonus shares 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 |
5,596 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Charlotte Heiss | ||||
b) | Position / status | Group Chief Legal Officer and Company Secretary | ||||
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
59,817 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 | Award of Deferral Bonus shares 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 |
4,594 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | William McDonnell | ||||
b) | Position / status | Group Chief Risk Officer | ||||
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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
76,318 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 | Award of Deferral Bonus shares 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 |
6,609 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 Performance Shares 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 |
97,133 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
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 | Award of Deferral Bonus shares 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 |
9,141 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Cathy Lewis | ||||
b) | Position / status | Group 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 | Award of Deferral Bonus shares 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 |
12,291 NIL | ||||
e) | Date of the transaction | 8 Mar 2019 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
Enquiries to:
Chris Smith, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Related Shares:
RSA.L