4th Sep 2019 15:00
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
Ordinary Shares of £1.00 each
4 September 2019
The Company announces the following changes to the interests of PDMRs in the Company's Ordinary Shares of £1.00 each ("Ordinary Shares").
On 2 September 2019, the Company granted the following Conditional Awards over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) to Charlotte Jones at nil cost:
Maximum No. of Performance Shares Receivable (subject to the testing of performance conditions) A two-year retention period is applicable to Executive Directors' vested Performance Shares. |
190,360 - vesting date 2 September 2022 72,778 - vesting date 3 March 20201 77,504 - vesting date 2 March 20211 |
No. of Restricted Shares Awarded |
21,415 - vesting date 3 September 2019 1,3,4 8,695 - vesting date 3 March 20201 49,149 - vesting date 2 March 20211,2 42,831 - vesting in three equal tranches on 3 March 2020, 2 March 2021 and 8 March 20221,2 |
Notes:
1 Awarded to compensate awards forfeited on leaving previous employer, in accordance with the Directors' Remuneration Policy. Details will be disclosed in the Directors' Remuneration Report.
2 A six month retention period is applicable from the vesting date of the award.
3Shares sold to cover statutory deductions were sold at a price of £5.246 per share on 3 September 2019.
4Shares retained have been transferred to the Equatex nominee account operated by RSA as part of the share plan administration system.
The forms required under the EU Market Abuse Regulation follow.
1. | Details of PDMR / Closely Associated Person ("CAP") | |||||
a) | Name | Charlotte Jones | ||||
b) | Position / status | Group Chief Financial Officer | ||||
c) | Initial notification / amendment | Initial Notification | ||||
2. | Details of the issuer | |||||
a) | Name | RSA Insurance Group plc | ||||
b) | LEI | 549300HOGQ7E0TY86138 | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Performance Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to vest on 2 September 2022 subject to the testing of performance conditions. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
190,360 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Performance Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 3 March 2020 subject to the testing of performance conditions. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
72,778 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Performance Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 2 March 2021 subject to the testing of performance conditions. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
77,504 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Restricted Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 3 September 2019. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
21,415 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Restricted Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 3 March 2020. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
8,695 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Restricted Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest on 2 March 2021. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
49,149 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Grant of Restricted Shares over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) at nil cost to compensate awards forfeited on leaving previous employer which will vest in three equal tranches on 3 March 2020, 2 March 2021 and 8 March 2022. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
42,831 NIL | ||||
e) | Date of the transaction | 2 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Vesting of Restricted share award granted on 2 September 2019 over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP). | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
21,415 NIL NIL | ||||
e) | Date of the transaction | 3 Sep 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary Shares of £1 each ISIN: GB00BKKMKR23 | ||||
b) | Nature of the transaction | Sale of shares to cover statutory deductions on share awards vested on 3 September 2019 under the RSA Performance Share Plan 2014. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
10,096 £5.246 | ||||
e) | Date of the transaction | 3 Sep 2019 | ||||
f) | Place of the transaction | XLON: London Stock Exchange | ||||
Enquiries to:
Chris Smyth, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Related Shares:
RSA.L