18th May 2015 14:30
RSA Insurance Group plc
(“the Company”)
Transaction in shares by Person Discharging Managerial Responsibility (“PDMR”)
Ordinary Shares of £1 each
18 May 2015
The Company announces the following changes to the interests of a PDMR in the Company’s Ordinary Shares of £1 each (“Ordinary Shares”).
On 18 May 2015 the Company granted the following Conditional Awards over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (“PSP”) to a PDMR at nil cost:
| Name | No. of Bonus Deferral Shares Awarded | Maximum No. of Performance Shares Receivable | |||
| Patrick Bergander | 14,860 | 18,317 |
Under normal circumstances, these Awards of Bonus Deferral Shares and Performance Shares will vest on 18 May 2019 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, details of which are disclosed within the 2014 Directors’ Remuneration Report.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.
The transaction was carried out in London.
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
View source version on businesswire.com: http://www.businesswire.com/news/home/20150518005961/en/
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Related Shares:
RSA.L