4th Apr 2013 12:33
RSA Insurance Group plc
(“the Company”)
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of 27.5p each
4 April 2013
The Company announces the following changes to the interests of PDMRs in the Company’s Ordinary Shares of 27.5p each (“Ordinary Shares”).
On 3rd April 2013 the Company granted the following awards over Ordinary Shares under The Royal & Sun Alliance 2006 Long-Term Incentive Plan (LTIP) to PDMRs at nil cost:
| Name | Maximum No. of Voluntarily Invested Deferred Matching Shares Receivable | No. of Compulsory Deferred Shares Awarded | Maximum No. of Compulsory Deferred Matching Shares Receivable | Maximum No. of Performance Shares Receivable | |||||
| Adrian Brown | 138,437 | 69,905 | 139,810 | 623,284 | |||||
| Vanessa Evans | 94,562 | 47,751 | 95,502 | 321,773 | |||||
| Mike Holliday-Williams | - | 105,397 | 210,794 | 495,025 | |||||
| Richard Houghton | 143,066 | 72,244 | 144,488 | 636,020 | |||||
| Simon Lee | 269,833 | 136,256 | 272,512 | 1,060,034 | |||||
| Caroline Ramsay | 65,791 | 33,223 | 66,446 | 195,861 | |||||
| Rowan Saunders | - | 77,058 | 154,116 | 519,962 | |||||
| Derek Walsh | 104,150 | 52,593 | 105,186 | 331,599 | |||||
| David Weymouth | - | 50,714 | 101,428 | 233,139 | |||||
| Paul Whittaker | 176,916 | 102,493 | 204,986 | 532,170 |
Voluntarily Invested Deferred Matching Shares (VIDMS) are awarded where a participant has chosen to purchase Voluntarily Invested Deferred Shares with a proportion of their annual cash bonus. The Voluntarily Invested Deferred Shares purchased by the UK-based PDMRs were announced on 22 March 2013. The VIDMS are subject to Performance Conditions and retention of the related Voluntarily Invested Deferred Shares. The number of VIDMS shown above is the maximum number of shares receivable if the Performance Conditions are met in full and the related Voluntarily Invested Deferred Shares are retained until the vesting date. Under normal circumstances the VIDMS will vest on 3rd April 2016 subject to the satisfaction of the Performance Conditions.
Compulsory Deferred Shares (CDS) are granted as part of the annual bonus plan and will usually vest on the third anniversary of the grant date subject to continuous employment with the RSA Insurance Group plc group of companies. There are no Performance Conditions attached to CDS and under normal circumstances they will vest on 3rd April 2016.
Compulsory Deferred Matching Shares (CDMS) are granted to participants who are granted CDS and are subject to Performance Conditions. The number of CDMS shown is the maximum number of shares receivable if the Performance Conditions are met in full. Under normal circumstances CDMS will vest on 3rd April 2016 subject to the satisfaction of the Performance Conditions.
Under normal circumstances Performance Shares will vest on 3rd April 2016 subject to the satisfaction of the Performance Conditions.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.
Enquiries to:
John Mills, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Copyright Business Wire 2013
Related Shares:
RSA.L