12th Mar 2010 16:09
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
Ordinary Shares of 27.5p each
12 March 2010
RSA Insurance Group plc (the "Company") received notification on 11 March 2010, of the following transactions in its ordinary shares of 27.5p each ("Ordinary Shares") by PDMRs.
On 8 March 2010, the following awards granted on 16 April 2007 under the Long Term Incentive Plan ("LTIP") vested following the assessment of performance and employment conditions to which they were subject. At the same time, Voluntary Deferred Shares acquired under the terms of the LTIP on 16 April 2007 were released from the Royal and Sun Alliance ESOP Trust No. 3 (the "Trust") to the PDMRs.
| Name | Number of shares vested on 8 March 2010 | Number of Voluntary Deferred Shares transferred from Trust | |||
| Adrian Brown | 308,612 | 19,612 | |||
| Mark Chambers | 367,273 | 25,246 | |||
| Mark George Culmer | 697,664 | 44,636 | |||
| Andrew Kenneth Haste | 1,416,287 | 90,764 | |||
| Orlagh Hunt | 227,713 | 12,048 | |||
| Simon Philip Guy Lee | 539,441 | 34,072 | |||
| Paul Whittaker | 439,987 | 30,120 |
On 9 March 2010, the following Ordinary Shares were sold at a price of 123.2576 pence per share.
| Name | Number of shares sold 1 | Total holding following notification | Percentage of issued share capital held following notification | ||||
| Adrian Brown | 127,240 | 727,756 1 | 0.02% | ||||
| Mark Chambers | 392,519 | 482,940 2 | 0.01% | ||||
| Mark George Culmer | 287,645 | 1,390,610 3 | 0.04% | ||||
| Andrew Kenneth Haste | 583,930 | 3,281,048 4 | 0.10% | ||||
| Orlagh Hunt | 93,886 | 411,205 5 | 0.01% | ||||
| Simon Philip Guy Lee | 397,961 | 867,965 6 | 0.03% | ||||
| Paul Whittaker | 181,405 | 586,986 8 | 0.02% |
1. The PDMRs only sold sufficient number of shares to cover the associated tax liabilities arising on the exercise of the vested award with the exception of Mr Chambers and Mr Lee. Mr Chambers sold all the shares that vested and all the Voluntary Deferred Shares that were transferred from the Trust. Mr Lee sold sufficient number of shares to cover the associated tax liabilities and 50% of the balance.
2. Includes 46,600 Voluntary Deferred Shares acquired under the Long Term Incentive Plan and 468,231 shares held by Mr Brown's spouse Sara Jayne Brown.
3. Includes 69,887 Voluntary Deferred Shares acquired under the Long Term Incentive Plan and 413,053 shares held by Mr Chambers' spouse Natalie Chambers.
4. Includes 140,257 Voluntary Deferred Shares acquired under the Long Term Incentive Plan.
5. Includes 245,065 Voluntary Deferred Shares acquired under the Long Term Incentive Plan.
6. Includes 66,225 Voluntary Deferred Shares acquired under the Long Term Incentive Plan.
7. Includes 108,357 Voluntary Deferred Shares acquired under the Long Term Incentive Plan and 584,056 shares held by Mr Lee's spouse Fiona Lee.
8. Includes 82,159 Voluntary Deferred Shares acquired under the Long Term Incentive Plan and 2,714, 1,357 and 1,357 shares held by Mary McNamara, Harry Whittaker and Jack Whittaker respectively (connected persons of the PDMR).
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:
Julia Possener, Deputy Group Company SecretaryRSA Insurance Group plcTel: +44 (0) 20 7111 7000
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