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RSA Rsa Insurance Group Ld

684.20
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rsa Insurance Group Ld LSE:RSA London Ordinary Share GB00BKKMKR23 ORD GBP1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 684.20 684.20 684.40 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

RSA Insurance Group PLC Director/PDMR Shareholding (0484P)

23/05/2018 12:30pm

UK Regulatory


Rsa Insurance Group Ld (LSE:RSA)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Rsa Insurance Group Ld Charts.

TIDMRSA

RNS Number : 0484P

RSA Insurance Group PLC

23 May 2018

RSA Insurance Group plc

("the Company")

Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")

Ordinary Shares of GBP1.00 each

23 May 2018

The Company announces the following changes to the interests of PDMRs in the Company's Ordinary Shares of GBP1.00 each ("Shares").

On 18 May 2018 the nil cost Conditional Awards over Shares granted on 18 May 2015 to Nathan Williams under the terms of the RSA Performance Share Plan 2014 ("PSP") vested as shown in the table below.

On 19 May 2018 the nil cost Conditional Awards over Shares granted on 19 May 2014 to Patrick Bergander under the terms of the RSA Performance Share Plan 2014 ("PSP") vested as shown in the table below.

 
    Name          No. of      No. of Dividend    No. of       No. of        No. of 
                Performance      Equivalent       Bonus       Dividend       Shares 
                  Shares         Shares on       Deferral    Equivalent     sold to 
                  vested        Performance       Shares       Shares        cover 
                                   Shares         Vested      on Bonus     statutory 
                                                              Deferral     deductions 
                                                               Shares 
------------  -------------  ----------------  ----------  ------------  ------------ 
   Nathan 
   Williams       14,588           1,184          5,403         438         16,349 
------------  -------------  ----------------  ----------  ------------  ------------ 
   Patrick 
  Bergander       19,434           1,667            -            -             - 
------------  -------------  ----------------  ----------  ------------  ------------ 
 

-- Bonus Deferral Shares relate to awards made in respect of 2014 as part of the Annual Bonus Plan.

-- As disclosed in the Company's 2017 Annual Report and Accounts, Performance Shares granted to Nathan Williams vested at 57.7% following testing of Group underlying Return on Tangible Equity (ROTE), Relative Total Shareholder Return (TSR) and Business Review Scorecard factors.

-- As disclosed in the Company's 2016 Annual Report and Accounts, Performance Shares granted to Patrick Bergander vested at 42.7% 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 for Nathan Williams were sold at an average price of GBP6.566940 per share on 18 May 2018.

-- 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. 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                            Patrick Bergander 
---  ------------------------------  ------------------------------------ 
 b)   Position                        CEO Scandinavia 
       / status 
---  ------------------------------  ------------------------------------ 
 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                       Vesting of Performance Share 
       the transaction                 award granted on 19 May 2014 
                                       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 19 November 2018. 
---  ------------------------------  ------------------------------------ 
 c)   Price(s)                         Price(s) per unit    Volume(s) 
       and volume(s)                   -------------------  ---------- 
                                        NIL                  19,434 
                                       -------------------  ---------- 
---  ------------------------------  ------------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregated volume     19,434 
 
                                        NIL 
             *    Price 
---  ------------------------------  ------------------------------------ 
 e)   Date of the                     19 May 2018 
       transaction 
---  ------------------------------  ------------------------------------ 
 f)   Place of                        XLON London Stock Exchange 
       the 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                       Vesting of Dividend Equivalent 
       the transaction                 Share award granted as part 
                                       of the Performance Share award 
                                       on 19 May 2014 over Ordinary 
                                       Shares under the terms of the 
                                       RSA Performance Share Plan 2014 
                                       (PSP) at nil cost and added 
                                       to that award at vesting. The 
                                       vested shares are subject to 
                                       a six month retention period 
                                       which ends on 19 November 2018. 
---  ------------------------------  ------------------------------------ 
 c)   Price(s)                         Price(s) per unit    Volume(s) 
       and volume(s)                   -------------------  ---------- 
                                        NIL                  1,667 
                                       -------------------  ---------- 
---  ------------------------------  ------------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregated volume     1,667 
 
                                        NIL 
             *    Price 
---  ------------------------------  ------------------------------------ 
 e)   Date of the                     19 May 2018 
       transaction 
---  ------------------------------  ------------------------------------ 
 f)   Place of                        XLON London Stock Exchange 
       the transaction 
---  ------------------------------  ------------------------------------ 
 1.   Details of PDMR / Closely Associated Person 
       ("CAP") 
---  -------------------------------------------------------------------- 
 a)   Name                            Nathan Williams 
---  ------------------------------  ------------------------------------ 
 b)   Position                        Group Underwriting Director 
       / status 
---  ------------------------------  ------------------------------------ 
 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                       Vesting of Performance Share 
       the transaction                 award granted on 18 May 2015 
                                       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 
                                       18 Nov 2018. 
---  ------------------------------  ------------------------------------ 
 c)   Price(s)                         Price(s) per unit    Volume(s) 
       and volume(s)                   -------------------  ---------- 
                                        NIL                  14,588 
                                       -------------------  ---------- 
---  ------------------------------  ------------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregated volume     14,588 
 
                                        NIL 
             *    Price 
---  ------------------------------  ------------------------------------ 
 e)   Date of the                     18 May 2018 
       transaction 
---  ------------------------------  ------------------------------------ 
 f)   Place of                        XLON London Stock Exchange 
       the 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                       Vesting of Dividend Equivalent 
       the transaction                 Share award granted as part 
                                       of the Performance Share award 
                                       on 18 May 2015 over Ordinary 
                                       Shares under the terms of the 
                                       RSA Performance Share Plan 2014 
                                       (PSP) at nil cost and added 
                                       to that award at vesting. The 
                                       vested shares are subject to 
                                       a six-month holding period which 
                                       ends on 18 Nov 2018. 
---  ------------------------------  ------------------------------------ 
 c)   Price(s)                         Price(s) per unit    Volume(s) 
       and volume(s)                   -------------------  ---------- 
                                        NIL                  1,184 
                                       -------------------  ---------- 
---  ------------------------------  ------------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregated volume     1,184 
 
                                        NIL 
             *    Price 
---  ------------------------------  ------------------------------------ 
 e)   Date of the                     18 May 2018 
       transaction 
---  ------------------------------  ------------------------------------ 
 f)   Place of                        XLON London Stock Exchange 
       the 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                       Vesting of Bonus Deferral Share 
       the transaction                 award granted on 18 May 2015 
                                       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 
                                       18 Nov 2018. 
---  ------------------------------  ------------------------------------ 
 c)   Price(s)                          Price(s) per unit    Volume(s) 
       and volume(s)                    -------------------  ---------- 
                                         NIL                  5,403 
                                        -------------------  ---------- 
---  ------------------------------  ------------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregated volume     5,403 
                                        NIL 
 
             *    Price 
---  ------------------------------  ------------------------------------ 
 e)   Date of the                     18 May 2018 
       transaction 
---  ------------------------------  ------------------------------------ 
 f)   Place of                        XLON London Stock Exchange 
       the 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                       Vesting of Dividend Equivalent 
       the transaction                 Share award granted as part 
                                       of the Bonus Deferral Share 
                                       award on 18 May 2015 over Ordinary 
                                       Shares under the terms of the 
                                       RSA Performance Share Plan 2014 
                                       (PSP) at nil cost and added 
                                       to that award at vesting. The 
                                       vested shares are subject to 
                                       a six-month holding period which 
                                       ends on 18 Nov 2018. 
---  ------------------------------  ------------------------------------ 
 c)   Price(s)                         Price(s) per unit    Volume(s) 
       and volume(s)                   -------------------  ---------- 
                                        NIL                  438 
                                       -------------------  ---------- 
---  ------------------------------  ------------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregated volume     438 
                                        NIL 
 
             *    Price 
---  ------------------------------  ------------------------------------ 
 e)   Date of the                     18 May 2018 
       transaction 
---  ------------------------------  ------------------------------------ 
 f)   Place of                        XLON London Stock Exchange 
       the 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                       Sale of shares to cover statutory 
       the transaction                 deductions on share awards vested 
                                       on 19 May 2017 under the RSA 
                                       Performance Share Plan 2014. 
---  ------------------------------  ------------------------------------ 
 c)   Price(s)                         Price(s) per unit    Volume(s) 
       and volume(s)                   -------------------  ---------- 
                                        GBP6.562             6,159 
                                       -------------------  ---------- 
---  ------------------------------  ------------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregated volume     6,159 
 
                                        GBP6.562 
             *    Price 
---  ------------------------------  ------------------------------------ 
 e)   Date of the                     18 May 2018 
       transaction 
---  ------------------------------  ------------------------------------ 
 f)   Place of                        XLON 
       the transaction                 TRQX 
                                       BXCE 
---  ------------------------------  ------------------------------------ 
 
 
 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                       Sale of shares to cover statutory 
       the transaction                 deductions on share awards vested 
                                       on 18 May 2018 under the RSA 
                                       Performance Share Plan 2014. 
---  ------------------------------  ----------------------------------- 
 c)   Price(s)                         Price(s) per unit    Volume(s) 
       and volume(s)                   -------------------  ---------- 
                                        GBP6.569927          10,190 
                                       -------------------  ---------- 
---  ------------------------------  ----------------------------------- 
 d)        Aggregated 
            information 
             *    Aggregated volume     10,190 
 
                                        GBP6.569927 
             *    Price 
---  ------------------------------  ----------------------------------- 
 e)   Date of the                     18 May 2018 
       transaction 
---  ------------------------------  ----------------------------------- 
 f)   Place of                        XLON 
       the transaction                 TRQX 
                                       BXCE 
---  ------------------------------  ----------------------------------- 
 

Enquiries to:

Charlotte Heiss, Group Chief Legal Officer and Company Secretary

RSA Insurance Group plc

Tel: +44 (0) 20 7111 7000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 23, 2018 07:30 ET (11:30 GMT)

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