Exhibit 99.3
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) | An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
(2) | An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
(3) | An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
(4) | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. | Name of issuer | 2. | State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) | |||||
ROYAL & SUN ALLIANCE INSURANCE GROUP PLC | (iii) BOTH | |||||||
3. | Name of person discharging managerial responsibilities/director | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person | |||||
MR ANDREW CHRISTOPHER NELSON | N/A | |||||||
5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest3 | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares | |||||
HOLDING IN RESPECT OF THE PERSON NAMED IN BOX 3 | ORDINARY SHARES OF 27.5p | |||||||
7. | Name of registered shareholder(s) and, if more than one, the number of shares held by each of them | 8. | State the nature of the transaction | |||||
PERSON NAMED IN BOX 3 | EXERCISE AND PARTIAL SALE OF OPTIONS GRANTED UNDER THE COMPANY’S EXECUTIVE SHARE OPTION PLAN | |||||||
9. | Number of shares, debentures or financial instruments relating to shares acquired | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) | |||||
229,999 | 0.0077% | |||||||
11. | Number of shares, debentures or financial instruments relating to shares disposed | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) | |||||
205,378 | 0.0069% | |||||||
13. | Price per share or value of transaction | 14. | Date and place of transaction | |||||
120,000 AT £1.1405 109,999 AT £0.924 | 7 DECEMBER 2006/LONDON | |||||||
15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) | 16. | Date issuer informed of transaction | |||||
74,621/0.0025% | 7 DECEMBER 2006 |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. | Date of grant | 18. | Period during which or date on which it can be exercised | |||||
N/A | N/A | |||||||
19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number) | |||||
N/A | N/A | |||||||
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 22. | Total number of shares or debentures over which options held following notification | |||||
N/A | SHARE OPTIONS: 1,045,936 2005 SHARE MATCHING PLAN (SMP): (DEFERRED AND MATCHING AWARDS) 330,316 (SEE BOX 23) | |||||||
23. | Any additional information | 24. | Name of contact and telephone number for queries | |||||
THE 2005 SMP INCLUDES THE MAXIMUM AWARD AVAILABLE TO THE PARTICIPANT. THE ACTUAL NUMBER OF SHARES TO BE DELIVERED WILL BE DEPENDANT UPON THE SATISFACTION OF PERFORMANCE CRITERIA | SARAH BRAIN: 020 7111 7000 |
25. | Name and signature of duly authorised officer of issuer responsible for making this notification LUKE THOMAS, DEPUTY GROUP COMPANY SECRETARY Date of notification 8 DECEMBER 2006 | ||