6th Apr 2016 14:00
RSA Insurance Group plc
(“the Company”)
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of £1.00 each
6th April 2016
The Company announces the following changes to the interests of PDMRs in the Company’s Ordinary Shares of £1.00 each (“Ordinary Shares”).
On 6th April 2016 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 | No. of Bonus Deferral Shares Awarded | Maximum No. of Performance Shares Receivable | |||
| Patrick Bergander | 11,673 | 17,961 |
Under normal circumstances, awards of Performance Shares will vest on 6th April 2020, subject to the testing of performance conditions, the rules of the PSP and the provisions of the Company’s approved Remuneration Policy.
Bonus Deferral Shares are awarded as part of the Annual Bonus award. 3,891 shares vest immediately on the date of grant, being 6th April 2016, and under normal circumstances the balance of 7,782 shares will vest on 6th April 2020.
A six month holding period is applicable to vested share awards, from their relevant vesting date.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.
The transactions were carried out in London.
--- ENDS---
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Louise Shield, External Communications Director
Tel: +44 (0) 20 7111 7047
View source version on businesswire.com: http://www.businesswire.com/news/home/20160406005722/en/
Copyright Business Wire 2016
Related Shares:
RSA.L