27th Mar 2014 16:15
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
RSA Insurance Group plc | ||||||
| 2 Reason for the notification (please tick the appropriate box or boxes): | |||||||
| An acquisition or disposal of voting rights | YES | ||||||
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||||||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | YES | ||||||
| An event changing the breakdown of voting rights | |||||||
| Other (please specify): | |||||||
| 3. Full name of person(s) subject to the notification obligation: iii |
Cevian Capital II G.P. Limited | ||||||
|
4. Full name of shareholder(s) (if different from 3.):iv |
Vidacos Nominees Limited | ||||||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 26 March, 2014 | ||||||
| 6. Date on which issuer notified: | 26 March, 2014 | ||||||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 5% | ||||||
| 8. Notified details: | |||||||||||||||
| A: Voting rights attached to shares viii, ix | |||||||||||||||
| Class/type of shares
if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||||||||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | |||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||
| Ordinary (GB0006616899) |
< 5% |
< 5% |
N/A |
N/A |
199,154,071 |
N/A |
5.41% | ||||||||
| B: Qualifying Financial Instruments | |||||||||
| Resulting situation after the triggering transaction | |||||||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | |||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | ||||||||
| Nil-paid rights (GB00B3ZQF868) |
GBP 0.56 |
09/04/14 | 26/03/14- 09/04/14 |
69,105,473 | Nominal | Delta | |||||||
| 1.88% | |||||||||||||
| Total (A+B+C) | |||
| Number of voting rights | Percentage of voting rights | ||
| 268,259,544 | 7.29% | ||
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Cevian Capital II G.P. Limited (Cevian) acts as general partner for Cevian Capital II Master Fund L.P.
Cevian is the indirect holder of the voting rights attached to the shares. The legal owner of the shares is Vidacos Nominees Limited (acting as nominee), which holds the shares on behalf of UBS AG (acting as custodian).
| Proxy Voting: | |
| 10. Name of the proxy holder: | |
| 11. Number of voting rights proxy holder will cease to hold: | |
| 12. Date on which proxy holder will cease to hold voting rights: | |
| 13. Additional information: | Total voting rights in Box 8 above is disclosed on the basis that (as required by applicable law) the nominator for the voting rights calculation includes nil paid rights received and acquired but the denominator does not yet reflect the share capital as increased by the rights issue. | ||
| 14. Contact name: | John Mills Deputy Group Company Secretary Direct : 020 7111 7333
Louise ShieldExternal Communications DirectorDirect: 020 7111 7047 | ||
| 15. Contact telephone number: | As above |
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Related Shares:
RSA.L