RSA Insurance Group PLC Director/PDMR Shareholding (7615V)
10 April 2019 - 11:00PM
UK Regulatory
TIDMRSA
RNS Number : 7615V
RSA Insurance Group PLC
10 April 2019
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial
Responsibility ("PDMRs")
Ordinary Shares of GBP1.00 each
10 April 2019
The Company announces the following changes to the interests of
PDMRs in the Company's Ordinary Shares of GBP1.00 each
("Shares").
On 8 April 2019 (being the first trading day after the third
anniversary of the grant) the nil cost Conditional Awards over
Shares granted on 6 April 2016 under the terms of the RSA
Performance Share Plan 2014 ("PSP") to the following PDMRs vested
as shown in the table below.
Name No. of Performance No. of Dividend No. of Bonus No. of Dividend No. of
Shares vested Equivalent Deferral Equivalent Shares sold
Shares on Shares Vested Shares on to cover
Performance Bonus Deferral statutory
Shares Shares deductions
Martin
Thompson 0 0 7,617 742 4,489
------------------- ---------------- --------------- ---------------- -------------
Nathan
Williams 19,765 1,925 6,838 666 13,764
------------------- ---------------- --------------- ---------------- -------------
-- Bonus Deferral Shares relate to awards made in respect of
2015 as part of the Annual Bonus Plan.
-- As disclosed in the Company's 2018 Annual Report and
Accounts, Performance Shares vested at 73.8% following testing of
Group underlying Return on Tangible Equity (ROTE), Relative Total
Shareholder Return (TSR) and Business Review Scorecard factors.
-- The Dividend Equivalent Shares are added to the awards at
vesting in accordance with the rules of the PSP and Directors'
Remuneration Policy.
-- Shares sold to cover statutory deductions were sold at a
price of GBP5.247999 per share on 8 April 2019.
-- Shares retained have been transferred to the Equatex nominee
account operated by RSA as part of the share plan administration
system.
-- A six month holding period applies to vested Performance
& Deferred Bonus Shares and to the Dividend Equivalents for
Nathan Williams. This holding period is under Danish regulation
applicable to these grants.
The forms required under the EU Market Abuse Regulation
follow.
1. Details of PDMR / Closely Associated Person ("CAP")
a) Name Martin Thompson
------------------------------ -------------------------------------------------
b) Position / status CEO, 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 Vesting of Vesting of Bonus Deferral Share
transaction award granted on 6 April 2016 over Ordinary
Shares under the terms of the RSA Performance
Share Plan 2014 (PSP).
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 7,617
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
7617
NIL
* Price
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
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 Dividend Equivalent Share award
transaction granted as part of the Bonus Deferral Share
award over Ordinary Shares under the terms
of the RSA Performance Share Plan 2014 (PSP)
at nil cost and added to that award at vesting.
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 742
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
742
* Price NIL
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
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 Sale of shares to cover statutory deductions
transaction on share awards vested on 6 April 2019 under
the RSA Performance Share Plan 2014.
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) GBP5.247999 4,489
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
4,489
* Price GBP5.247999
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
transaction
------------------------------ -------------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
------------------------------ -------------------------------------------------
Details of PDMR / Closely Associated Person ("CAP")
1.
---------------------------------------------------------------------------------
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 Vesting of Performance Share award granted
transaction on 6 April 2016 over Ordinary Shares under
the terms of the RSA Performance Share Plan
2014 (PSP).
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 19,765
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
19,765
* Price NIL
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
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 Dividend Equivalent Share award
transaction granted as part of the Performance Share
award on 6 April 2016 over Ordinary Shares
under the terms of the RSA Performance Share
Plan 2014 (PSP) at nil cost and added to
that award at vesting.
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 1,925
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
1,925
* Price NIL
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
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 granted
transaction on 6 April 2016 over Ordinary Shares under
the terms of the RSA Performance Share Plan
2014 (PSP).
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 6,838
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
6,838
* Price NIL
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
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 Dividend Equivalent Share award
transaction granted as part of the Bonus Deferral Share
award on 6 April 2016 over Ordinary Shares
under the terms of the RSA Performance Share
Plan 2014 (PSP) at nil cost and added to
that award at vesting.
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 666
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
666
* Price NIL
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
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 Sale of shares to cover statutory deductions
transaction on share awards vested on 6 April 2019 under
the RSA Performance Share Plan 2014.
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) GBP5.247999 13,764
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
13,764
* Price
GBP5.247999
------------------------------ -------------------------------------------------
e) Date of the 8 April 2019
transaction
------------------------------ -------------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
------------------------------ -------------------------------------------------
Enquiries to:
Charlotte Heiss, Group Chief Legal Officer and Company
Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
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END
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