12 Oct 2016 13:58
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
12 October 2016
Â
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.
Â
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.
Â
The form required under the EU Market Abuse Regulation follows.
Â
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 | |||||
Â
--ENDS--
Enquiries to:
Â
Elinor Bell, Deputy Group Company Secretary
Tel: +44 (0) 20 7111 7000
Â
Â