12 Oct 2016 13:58
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
12 October 2016
On 12 October 2016, RSA Insurance Group plc (the "Company") received notification of the following transaction in its ordinary shares of £1 each ("Ordinary Shares") by a PDMR.
On 12 October 2016, 7,805 Ordinary Shares were sold by Nathan Williams at a price of £5.545. Part of this sale was to cover the tax due on an award of Deferred Bonus Shares under the RSA Performance Share Plan 2014 which was granted on 6 April 2016 and vested on the same day. This award was subject to Danish regulations which imposed a sale restriction on all of the vested shares for six months after vesting. The sale restriction was lifted on 6 October 2016.
The form required under the EU Market Abuse Regulation follows.
1. | Details of PDMR / Closely Associated Person ("CAP") | ||||||
a) | Name | Nathan Williams | |||||
b) | Position / status | Group Underwriting Director | |||||
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 | Sale of shares relating to an award of Deferred Bonus Shares under the RSA Performance Share Plan 2014 which vested on 6 April 2016 and on which the sale restriction was lifted on 6 October 2016. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
7,805
GBP £43,278.73 | |||||
e) | Date of the transaction | 12 October 2016 | |||||
f) | Place of the transaction | XLON London Stock Exchange | |||||
--ENDS--
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
Tel: +44 (0) 20 7111 7000