5 Apr 2016 14:30
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of £1 each
5 April 2016
RSA Insurance Group plc (the “Company”) received notification on 5 April 2016, of the following transactions in its ordinary shares of £1 each (“Ordinary Shares”) by PDMRs.
On 4 April 2016, awards granted on 3 April 2013 under the Company’s 2006 Long Term Incentive Plan (“LTIP”) and Scandinavian Deferred Bonus Plan (“Scandinavian Plan”) and on 13 March 2015 under the Performance Share Plan 2014 (“PSP”) vested (Compulsory Deferred Shares and Restricted Shares) or were released (Voluntarily Invested Deferred Shares and Scandinavian Plan Deferred Bonus Shares) in the amounts shown following assessment of conditions to which they were subject under the rules of the LTIP, Scandinavian Plan and PSP respectively.
| Name of PDMR | Number of shares released or vested on 4 April 20161 | Number of shares sold on 4 April 20162 | Number of shares retained3 | Number of shares lapsed4 | |||||
| David Coughlan | 14,446 | 4,306 | 10,140 | 54,679 | |||||
| Patrick Bergander | 11,574 | 0 | 11,574 | 34,465 | |||||
| William McDonnell | 7,462 | 2,473 | 4,989 | 34,348 | |||||
| Charlotte Heiss | 6,739 | 3,178 | 3,561 | 0 | |||||
| Darren Price | 11,394 | 3,775 | 7,619 | 43,417 | |||||
| Rowan Saunders | 17,301 | 17,301 | 0 | 151,343 | |||||
| Steve Lewis | 69,882 | 32,944 | 36,938 | 0 | |||||
| Paul Whittaker | 32,797 | 32,797 | 0 | 211,276 |
1 Relates to one or more of Compulsory Deferred Shares, Restricted Shares, Voluntarily Invested Deferred Shares and, in the case of Patrick Bergander only, Scandinavian Plan Deferred Bonus Shares.
2 On 4 April 2016 shares were sold at a price of £4.718561 per share.
3 Retained shares were held within a UBS Nominee Account for all PDMRs with the exception of William McDonnell who transferred retained shares to a personal brokerage account.
4 Lapsed shares relate to Voluntarily Invested Deferred Matching, Compulsory Deferred Matching and Performance Shares under the LTIP.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.4R.
The transactions were carried out in London.
--ENDS--
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Louise Shield, External Communications Director
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7047
View source version on businesswire.com: http://www.businesswire.com/news/home/20160405006061/en/
Copyright Business Wire 2016