17th Sep 2013 16:46
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of 27.5p each
17 September 2013
RSA Insurance Group plc (the “Company”) received notification on 16 September 2013, of the following transactions in its ordinary shares of 27.5p each (“Ordinary Shares”) by PDMRs.
On 14 September 2013, awards granted on 14 September 2010 under the Company’s Long Term Incentive Plan (“LTIP”) vested in the amounts shown following the assessment of performance and employment conditions to which they were subject. On 16 September 2013, the following shares were sold at a price of £1.24 per share:
| Name of PDMR | Number of Performance shares vested on 14 September 2013 | Number of shares sold 16 September 20131 | Number of shares retained | ||||
| Mike Holliday-Williams | 27,619 | 13,021 | 14,598 | ||||
| Derek Walsh | 69,046 | 32,551 | 36,495 |
1 All PDMR’s sold sufficient shares to cover their tax liabilities and retained the balance of the shares vested.
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
Copyright Business Wire 2013
Related Shares:
RSA.L