RSA Insurance Group PLC Director/PDMR Shareholding (6222L)

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: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 04, 2016 04:51 ET (08:51 GMT)