RSA Insurance Group PLC Director/PDMR Shareholding (6222L)
04 October 2016 - 7:51PM
UK Regulatory
TIDMRSA
RNS Number : 6222L
RSA Insurance Group PLC
04 October 2016
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 GBP1 each ("Ordinary Shares") by a PDMR.
On 3 October 2016, 3,370 Ordinary Shares were sold by Martin
Thompson at a price of GBP5.52 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 Initial Notification
/ amendment
--- -------------------------------- ---------------------------------------------
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 Ordinary Shares of GBP1 each
of the financial ISIN: GB00BKKMKR23
instrument
--- -------------------------------- ---------------------------------------------
b) Nature of the Sale of shares to cover tax payable (plus
transaction 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.
--- -------------------------------- ---------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
GBP GBP5.52 3,370
------------------- ----------
--- -------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume
3,370
* Price GBP GBP18,602.40
--- -------------------------------- ---------------------------------------------
e) Date of the 3 October 2016
transaction
--- -------------------------------- ---------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- -------------------------------- ---------------------------------------------
--ENDS--
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
Tel: +44 (0) 20 7111 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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