Source - RNS
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 £1 each ("Ordinary Shares") by a PDMR.

 

On 3 October 2016, 3,370 Ordinary Shares were sold by Martin Thompson at a price of £5.52 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 / amendment

Initial Notification

 

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 of the financial instrument

Ordinary Shares of £1 each

ISIN: GB00BKKMKR23

 

b)

Nature of the transaction

Sale of shares to cover tax payable (plus 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 volume(s)

Price(s) per unit

Volume(s)

GBP £5.52

3,370

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

 

3,370

 

GBP £18,602.40

 

e)

Date of the transaction

3 October 2016

 

f)

Place of the transaction

XLON London Stock Exchange

 

       

 

--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
 
 
DSHDMMGGRDLGVZG

Related Charts

RSA Insurance Group (RSA)

+7.00p (+1.31%)
delayed 18:14PM