Source - RNS
RNS Number : 3801M
RSA Insurance Group PLC
12 October 2016
 



RSA Insurance Group plc

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

12 October 2016

 

On 12 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 12 October 2016, 7,805 Ordinary Shares were sold by Nathan Williams at a price of £5.545.  Part of this sale was to cover the tax due on an award of Deferred Bonus Shares under the RSA Performance Share Plan 2014 which was granted on 6 April 2016 and vested on the same day.  This award was subject to Danish regulations which imposed a sale restriction on all of the vested shares for six months after vesting.  The sale restriction was lifted on 6 October 2016.

 

The form required under the EU Market Abuse Regulation follows.

 

1.

Details of PDMR / Closely Associated Person ("CAP")

a)

Name

Nathan Williams

b)

Position / status

Group Underwriting Director

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 relating to an award of Deferred Bonus Shares under the RSA Performance Share Plan 2014 which vested on 6 April 2016 and on which the sale restriction was lifted on 6 October 2016.

c)

Price(s) and volume(s)

Price(s) per unit

Volume(s)

GBP £5.545

7,805

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

 

7,805

 

GBP £43,278.73

e)

Date of the transaction

12 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
 
 
DSHKMMMGZZVGVZM

Related Charts

RSA Insurance Group (RSA)

+4.25p (+0.80%)
delayed 08:30AM