7th Apr 2009 10:01
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24
Please complete all relevant boxes in block capital letters.
| 1. | Name of issuer
RSA INSURANCE GROUP PLC | 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6 R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
(i) | ||||
| 3. | Name of person discharging managerial responsibilities / director
SIMON PHILIP GUY LEE | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A | ||||
| 5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest3
HOLDING IN RESPECT OF THE PERSON NAMED IN BOX 3 | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
N/A | ||||
| 7. | Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
PERSON NAMED IN BOX 3 | 8. | State the nature of the transaction
N/A | ||||
| 9. | Number of shares, debentures or financial instruments relating to shares acquired
N/A | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
N/A | ||||
| 11. | Number of shares, debentures or financial instruments relating to shares disposed
N/A | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A | ||||
| 13. | Price per share or value of transaction
N/A | 14. | Date and place of transaction
N/A | ||||
| 15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
N/A | 16. | Date issuer informed of transaction
N/A |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
| 17. | Date of grant
SEE BOX 23 | 18. | Period during which or date on which it can be exercised
UNDER NORMAL CIRCUMSTANCES, DEFERRED SHARES WILL VEST ON 6 APRIL 2012. SEE BOX 23. | ||||
| 19. | Total amount paid (if any) for grant of the option
N/A | 20. | Description of shares or debentures involved (class and number)
ORDINARY SHARES OF 27.5p
PURCHASE OF 55,630 ORDINARY SHARES (SEE BOX 23). | ||||
| 21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A | 22. | Total number of shares or debentures over which options held following notification
SHARE OPTIONS: 1,375,734 LTIP: 2,156,320 (INCLUDES AWARDS GRANTED IN 2006, 2007 AND 2008) (SEE BOX 23) | ||||
| 23. | Any additional information
THE SHARES REFERRED TO IN BOX 20 ARE IN RESPECT OF THE PURCHASE OF VOLUNTARY DEFERRED SHARES MADE UNDER THE RULES OF THE COMPANY'S LONG TERM INCENTIVE PLAN (LTIP). THE PERSON DISCHARGING MANAGERIAL RESPONSIBILITY ACQUIRED AN INTEREST IN THE SHARES ON 3 APRIL 2009 AT A PRICE OF 127.6184 PENCE PER SHARE. THE SHARES WERE ACQUIRED BY THE COMPANY'S TRUSTEE FOR AWARDS TO BE MADE ON 6 APRIL 2009.
AWARDS GRANTED IN 2007 AND 2008 UNDER THE LTIP (SEE BOX 22) INCLUDE THE MAXIMUM AWARD AVAILABLE TO THE PARTICIPANT. THE ACTUAL NUMBER OF SHARES TO BE DELIVERED WILL BE DEPENDANT UPON THE SATISFACTION OF PERFORMANCE CRITERIA.
PERFORMANCE CONDITIONS FOR THE AWARDS GRANTED IN 2006 UNDER THE LTIP HAVE BEEN SATISFIED AND THE MAXIMUM NUMBER OF SHARES WILL VEST ON 12 JUNE 2009 (SEE BOX 22). | 24. | Name of contact and telephone number for queries
JULIA POSSENER: 020 7111 7000 |
| 25. | Name and signature of duly authorised officer of issuer responsible for making this notification
JULIA POSSENER, DEPUTY GROUP COMPANY SECRETARY
Date of notification : 7 APRIL 2009 |
Copyright Business Wire 2009
Related Shares:
RSA.L