2nd Mar 2010 14:48
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
MARK GEORGE CULMER | 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
Ordinary 27.5p | ||||
| 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
EXERCISE AND SALE | ||||
| 9. | Number of shares, debentures or financial instruments relating to shares acquired
128,938 DEFERRED SHARES EXERCISED UNDER THE SHARE MATCHING PLAN
386,814 MATCHING SHARES UNDER THE SHARE MATCHING PLAN | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.02 % | ||||
| 11. | Number of shares, debentures or financial instruments relating to shares disposed
211,883 ORDINARY SHARES | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.01 % | ||||
| 13. | Price per share or value of transaction
AGGREGATE EXERCISE PRICE £1
SALE PRICE £1.280742 PER SHARE | 14. | Date and place of transaction
1 MARCH 2010, LONDON | ||||
| 15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
795,698 ORDINARY SHARES
0.02 %
NOTE - THIS DOES NOT INCLUDE THE BENEFICIAL INTEREST IN 184,893 VOLUNTARY DEFERRED SHARES ACQUIRED UNDER THE COMPANY'S LONG TERM INCENTIVE PLAN | 16. | Date issuer informed of transaction
1 MARCH 2010 |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
| 17. | Date of grant
N/A | 18. | Period during which or date on which it can be exercised
N/A | ||||
| 19. | Total amount paid (if any) for grant of the option
N/A | 20. | Description of shares or debentures involved (class and number)
N/A | ||||
| 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
N/A | ||||
| 23. | Any additional information
ON 7 APRIL 2009 ANNOUNCEMENTS WERE ISSUED IN RELATION TO THE GRANT OF AWARDS TO PDMRS UNDER THE COMPANY'S LONG TERM INCENTIVE PLAN ("LTIP") ON 6 APRIL 2009.
DUE TO AN ADMINISTRATIVE ERROR THERE WAS A MINOR DISCREPANCY IN THE NUMBER OF COMPULSORY DEFERRED SHARES AND COMPULSORY DEFFERRED SHARES MAXIMUM MATCH ANNOUNCED FOR THE FOLLOWING PARTICIPANTS BY ONE AND THREE SHARES RESPECTIVELY. THE TABLE BELOW SETS OUT THE EXACT NUMBER OF AWARDS GRANTED.
NUMBER OF AWARDS GRANTED
NAME COMPULSORY DEFERRED SHARES COMPULSORY DEFERRED SHARES - MAXIMUM MATCH
ADRIAN BROWN 36,938 92,345
MARK CHAMBERS 60,970 152,425
MARK GEORGE CULMER 127,793 319,482
ANDREW KENNETH HASTE 219,418 548,545
ORLAGH HUNT 68,719 171,797
SIMON PHILIP GUY LEE 95,821 239,552
CLARE SHEIKH 64,913 162,282 | ||||||
| 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 :2 MARCH 2010 |
Copyright Business Wire 2010
Related Shares:
RSA.L