4 Oct 2016 09:51
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
4 October 2016
On 3 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 3 October 2016, 3,370 Ordinary Shares were sold by Martin Thompson at a price of £5.52 per share to cover the tax payable (plus sale costs) on an award made to him under the Royal & Sun Alliance 2006 Long-Term Incentive Plan. The award was made to him on 3 April 2013 when he was working for RSA on an international assignment in Denmark. The award vested on 3 April 2016 over 8,321 shares but was subject to Danish regulations which imposed a sale restriction on the vested shares for six months after vesting. The sale restriction was lifted on 3 October 2016.
The form required under the EU Market Abuse Regulation follows.
1. | Details of PDMR / Closely Associated Person ("CAP") | ||||||
a) | Name | Martin Thompson | |||||
b) | Position / status | President and CEO - RSA Canada | |||||
c) | Initial notification / amendment | Initial Notification
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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
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b) | Nature of the transaction | Sale of shares to cover tax payable (plus sale expenses) relating to an award under the Royal & Sun Alliance 2006 Long-Term Incentive Plan which vested on 3 April 2016 and on which the sale restriction was lifted on 3 October 2016.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
3,370
GBP £18,602.40
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e) | Date of the transaction | 3 October 2016
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f) | Place of the transaction | XLON London Stock Exchange
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--ENDS--
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
Tel: +44 (0) 20 7111 7000