RSA Insurance Group PLC Director/PDMR Shareholding (5728G)
March 02 2018 - 9:15AM
UK Regulatory
TIDMRSA
RNS Number : 5728G
RSA Insurance Group PLC
02 March 2018
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial
Responsibility ("PDMR")
Ordinary Shares of GBP1.00 each
2 March 2018
The Company announces the following changes to the interests of
a PDMR in the Company's Ordinary Shares of GBP1.00 each ("Ordinary
Shares").
On 2 March 2018 the Company granted the following Conditional
Awards over Ordinary Shares under the terms of the RSA Performance
Share Plan 2014 (PSP) to the following PDMR at nil cost:
Name No. of Bonus No. of Performance
Deferral Shares Shares over
over which which Award
Award Granted Granted
------------------- ------------------- -------------------
7,032 - vesting
date 2 March
2018
14,065 - vesting
date 2 March
Patrick Bergander 2022 19,136
------------------- ------------------- -------------------
Bonus Deferral Shares:
Awards of Bonus Deferral Shares are granted as part of the
Annual Bonus award. In line with regulatory requirements in
Scandinavia, 7,032 of the shares subject to the award granted to
Patrick Bergander vest immediately on the date of grant, being 2
March 2018. Under normal circumstances and in line with regulatory
requirements in Scandinavia, the balance of 14,065 shares will vest
on 2 March 2022. A six-month holding period is applicable to these
share awards, from the relevant vesting date.
Performance Shares:
Under normal circumstances and in line with regulatory
requirements in Scandinavia, awards of Performance Shares will vest
on 2 March 2022, subject to the testing of performance conditions,
the rules of the PSP and the provisions of the Company's approved
Remuneration Policy. A six-month holding period is applicable to
vested share awards, from the relevant vesting date.
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, RSA 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 Grant of Performance Shares
the transaction over Ordinary Shares under
the terms of the RSA Performance
Share Plan 2014 (PSP) at nil
cost.
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) per unit Volume(s)
and volume(s) ------------------- ----------
NIL 19,136
------------------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 19,136
NIL
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2 Mar 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 Grant of Bonus Deferral share
the transaction award over Ordinary Shares
under the terms of the RSA
Performance Share Plan 2014
(PSP) at nil cost with a vesting
date of 2 March 2022.
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) per unit Volume(s)
and volume(s) ------------------- ----------
NIL 14,065
------------------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 14,065
NIL
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2 Mar 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 Grant of Bonus Deferral share
the transaction award over Ordinary Shares
under the terms of the RSA
Performance Share Plan 2014
(PSP) at nil cost with a vesting
date of 2 March 2018.
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) per unit Volume(s)
and volume(s) ------------------- ----------
NIL 7,032
------------------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 7,032
NIL
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2 Mar 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 2 March 2018
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 2 September 2018.
--- ------------------------------ ----------------------------------
c) Price(s) Price(s) per unit Volume(s)
and volume(s) ------------------- ----------
NIL 7,032
------------------- ----------
--- ------------------------------ ----------------------------------
d) Aggregated
information
* Aggregated volume 7,032
NIL
* Price
--- ------------------------------ ----------------------------------
e) Date of the 2 Mar 2018
transaction
--- ------------------------------ ----------------------------------
f) Place of XLON London Stock Exchange
the transaction
--- ------------------------------ ----------------------------------
Enquiries to:
Zillah Stone, Interim Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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