Rsa Insurance Group Ld (LSE:RSA)
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TIDMRSA 
 
 

RSA Insurance Group plc

("the Company")

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

Ordinary Shares of GBP1.00 each

16 March 2015

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

On 13th March 2015 the Company granted the following conditional awards over Ordinary Shares under the RSA Performance Share Plan 2014 (PSP) to PDMRs at nil cost:

 
Name          No. of Restricted Shares Awarded  Maximum No. of Performance 
                                                Shares Receivable 
Steve Lewis   69,882                            156,634 
 
 

Under normal circumstances, Performance Shares will vest on 19th May 2017, subject to the rules of the PSP and the provisions of the Company's approved Remuneration Policy. Performance Shares are also subject to the testing of performance conditions, details of which are disclosed within the 2013 Directors' Remuneration Report.

Under normal circumstances, Restricted Shares will vest on 3rd April 2016, subject to the rules of the PSP and the provisions of the Company's approved Remuneration Policy. Restricted Share Awards are not subject to performance conditions, but they are conditional awards (i.e. rights to receive shares automatically to the extent the award vests).

This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.

The transactions were carried out in London.

--ENDS--

Enquiries to:

Elinor Bell, Deputy Group Company Secretary

Tel: +44 (0) 20 7111 7000

Louise Shield, External Communications Director

Tel: +44 (0) 20 7111 7047

 
 
 
This information is provided by Business Wire