6th Mar 2020 16:00
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
Ordinary Shares of £1.00 each
6 March 2020
The Company announces the following changes to the interests of PDMRs in the Company's ordinary shares of £1.00 each ("Ordinary Shares").
On 6 March 2020, 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 | 465,627 | 147,736 |
Charlotte Jones | 195,912 | 26,918 |
Scott Egan | 219,369 | 75,525 |
Martin Thompson | 145,365 | 47,466 |
Nathan Williams | 101,825 | 36,204 |
Karen Caddick | 77,155 | 19,921 |
Ralph Daals | 72,431 | 11,072 |
Charlotte Heiss | 63,304 | 8,807 |
William McDonnell | 74,481 | 15,143 |
Under normal circumstances, Awards of Bonus Deferral Shares and Performance Shares will vest on 6 March 2023, 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 / Persons Closely Associated ("PCA") | |||||
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 |
465,627 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
147,736 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
a) | Name | Charlotte Jones | ||||
b) | Position / status | Group Chief Financial 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 |
195,912 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
26,918 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
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 |
219,369 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
75,525 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
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 |
145,365 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
47,466 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
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 |
101,825 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
36,204 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
a) | Name | Karen Caddick | ||||
b) | Position / status | Group and UK&I 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 | 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 |
77,155 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
19,921 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
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 |
72,431 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
11,072 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
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 |
63,304 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
8,807 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
1. | Details of PDMR / Persons Closely Associated ("PCA") | |||||
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 |
74,481 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
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 |
15,143 NIL | ||||
e) | Date of the transaction | 6 March 2020 | ||||
f) | Place of the transaction | XLON London Stock Exchange
| ||||
Enquiries to:
Christopher Smyth, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Related Shares:
RSA.L