RSA Insurance Group PLC Director/PDMR Shareholding (5466B)
04 April 2017 - 10:00PM
UK Regulatory
TIDMRSA
RNS Number : 5466B
RSA Insurance Group PLC
04 April 2017
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial
Responsibility ("PDMRs")
Ordinary Shares of GBP1.00 each
4 April 2017
The Company announces the following changes to the interests of
PDMRs in the Company's Ordinary Shares of GBP1.00 each ("Ordinary
Shares").
On 4 April 2017 the Company granted the following Conditional
Awards over Ordinary Shares under the terms of the RSA Performance
Share Plan 2014 (PSP) to the following PDMRs at nil cost:
Name No. of No. of Performance
Bonus Deferral Shares Shares over which
over which Award Granted Award Granted
------------------- --------------------------- -------------------
8,836- vesting date 4
April 2017
17,672 - vesting date
Patrick Bergander 4 April 2021 20,449
------------------- --------------------------- -------------------
Nathan Williams 6,481 - vesting date -
4 April 2017
25,865 - vesting date
4 April 2020
------------------- --------------------------- -------------------
Bonus Deferral Shares:
Awards of Bonus Deferral Shares are granted as part of the
Annual Bonus award. Information on grant and vesting dates is as
follows:
-- 8,836 of the shares subject to the award granted to Patrick
Bergander vest immediately on the date of grant, being 4(th) April
2017. Under normal circumstances the balance of 17,672 shares will
vest on 4(th) April 2021. A six-month holding period is applicable
to these share awards, from the relevant vesting date.
-- 6,481 of the shares subject to the award granted to Nathan
Williams vest immediately on the date of grant, being 4(th) April
2017, and a six-month holding period is applicable to these shares
from the vesting date. Under normal circumstances the balance of
25,865 shares will vest on 4(th) April 2020, and a six-month
holding period is applicable to 12,963 of these shares, from the
vesting date.
Performance Shares:
Under normal circumstances, awards of Performance Shares will
vest on 4 April 2021, subject to the testing of performance
conditions, the rules of the PSP and the provisions of the
Company's approved Remuneration Policy. A six-month holding period
is applicable to vested share awards, from the relevant vesting
date.
The forms required under the EU Market Abuse Regulation
follow.
1. Details of PDMR / Closely Associated Person ("CAP")
--- -------------------------------------------------------------------------------
a) Name Patrick Bergander
--- ------------------------------ -----------------------------------------------
b) Position / status CEO Scandinavia
--- ------------------------------ -----------------------------------------------
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 Grant of Bonus Deferral share award over
transaction Ordinary Shares under the terms of the
RSA Performance Share Plan 2014 (PSP)
at nil cost with a vesting date of 4
April 2017.
--- ------------------------------ -----------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
Nil 8,836
------------------- ----------
--- ------------------------------ -----------------------------------------------
d) Aggregated information
* Aggregated volume
8,836
* Price Nil
--- ------------------------------ -----------------------------------------------
e) Date of the 4 April 2017
transaction
--- ------------------------------ -----------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- ------------------------------ -----------------------------------------------
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 Grant of Bonus Deferral share award over
transaction Ordinary Shares under the terms of the
RSA Performance Share Plan 2014 (PSP)
at nil cost with a vesting date of 4
April 2021.
--- ------------------------------ -----------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
Nil 17,672
------------------- ----------
--- ------------------------------ -----------------------------------------------
d) Aggregated information
* Aggregated volume
17,672
* Price Nil
--- ------------------------------ -----------------------------------------------
e) Date of the 4 April 2017
transaction
--- ------------------------------ -----------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- ------------------------------ -----------------------------------------------
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 Grant of Performance Share award over
transaction Ordinary Shares under the terms of the
RSA Performance Share Plan 2014 (PSP)
at nil cost.
--- ------------------------------ -----------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
Nil 20,449
------------------- ----------
--- ------------------------------ -----------------------------------------------
d) Aggregated information
* Aggregated volume
20,449
* Price Nil
--- ------------------------------ -----------------------------------------------
e) Date of the 4 April 2017
transaction
--- ------------------------------ -----------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- ------------------------------ -----------------------------------------------
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 Vesting of Bonus Deferral share award
transaction granted on 4 April 2017 over Ordinary
Shares under the terms of the RSA Performance
Share Plan 2014 (PSP). The vested shares
are subject to a six-month holding period
which ends on 4 October 2017.
--- ------------------------------ -----------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
Nil 8,836
------------------- ----------
--- ------------------------------ -----------------------------------------------
d) Aggregated information
* Aggregated volume
8,836
* Price Nil
--- ------------------------------ -----------------------------------------------
e) Date of the 4 April 2017
transaction
--- ------------------------------ -----------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- ------------------------------ -----------------------------------------------
1. Details of PDMR / Closely Associated Person ("CAP")
--- -------------------------------------------------------------------------------
a) Name Nathan Williams
--- ------------------------------ -----------------------------------------------
b) Position / status Group Underwriting Director
--- ------------------------------ -----------------------------------------------
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 Grant of Bonus Deferral share award over
transaction Ordinary Shares under the terms of the
RSA Performance Share Plan 2014 (PSP)
at nil cost with a vesting date of 4
April 2017.
--- ------------------------------ -----------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
Nil 6,481
------------------- ----------
--- ------------------------------ -----------------------------------------------
d) Aggregated information
* Aggregated volume
6,481
* Price Nil
--- ------------------------------ -----------------------------------------------
e) Date of the 4 April 2017
transaction
--- ------------------------------ -----------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- ------------------------------ -----------------------------------------------
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 Grant of Bonus Deferral share award over
transaction Ordinary Shares under the terms of the
RSA Performance Share Plan 2014 (PSP)
at nil cost with a vesting date of 4
April 2020.
--- ------------------------------ -----------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
Nil 25,865
------------------- ----------
--- ------------------------------ -----------------------------------------------
d) Aggregated information
* Aggregated volume
25,865
* Price Nil
--- ------------------------------ -----------------------------------------------
e) Date of the 4 April 2017
transaction
--- ------------------------------ -----------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- ------------------------------ -----------------------------------------------
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 Vesting of Bonus Deferral share award
transaction granted on 4 April 2017 over Ordinary
Shares under the terms of the RSA Performance
Share Plan 2014 (PSP). The vested shares
are subject to a six-month holding period
which ends on 4 October 2017.
--- ------------------------------ -----------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) ------------------- ----------
Nil 6,481
------------------- ----------
--- ------------------------------ -----------------------------------------------
d) Aggregated information
* Aggregated volume
6,481
* Price Nil
--- ------------------------------ -----------------------------------------------
e) Date of the 4 April 2017
transaction
--- ------------------------------ -----------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
--- ------------------------------ -----------------------------------------------
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
RSA Insurance Group plc
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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