The 2013 full year preliminary results for RSA Insurance Group plc was announced 27 February 2014.


"3 FOR 8 RIGHTS ISSUE AT 56 PENCE PER NEW ORDINARY SHARE
Further to the announcement on 27 February of its preliminary results for the year ended 31 December 2013, RSA Insurance Group plc ("RSA" or the “Company”) today announces the launch of a rights issue to raise £773 million in proceeds (£748 million net of expenses) (the “Rights Issue”). The Rights Issue is a fully underwritten 3 for 8 rights issue of 1,380,976,863 ordinary shares of 27.5 pence each in the capital of the Company at a price of 56 pence per New Ordinary Share.
The Issue Price of 56 pence per New Ordinary Share represents a discount of approximately 40% to the closing price of 93.4 pence on 24 March 2014 (being the last business day prior to the release of this announcement) and a 32.7% discount to the theoretical ex-rights price based on the closing price on 24 March 2014."

(thanks to skinny for this article)


Bottom chart 'fast stochastic'

Good results, could hardly have expected any better. Little disappointed in the closing share price but a lot of short term traders must have cashed in after the results so perhaps we can look to progress next week.
Any hint at progress on the satisfactory settlement of the asbestos issue will put RSA into a different league, that must be the next thing to look forward to unless of course bid talk resurfaces.
opto

Yep, thats how i see it too opto.

ttt

Been a good day, takeover talk persists...... x/d tomorrow.

Technically in front at the moment. - 1.5p. divi of 1.69p established. finish like this and it could be called a good day.

Royal & Sun Alliance


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR 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 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 should in block capital letters.


1 Name of the issuer 2 State whether the notification relates
to (i) a transaction notified in
ROYAL & SUN ALLIANCE INSURANCE accordance with DR 3.1.4R(1)(a); or
GROUP PLC (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)

(ii) ONLY


3 Name of person discharging managerial 4 State whether notification relates to a
responsibilities/director person connected with a person
discharging managerial
ANTHONY PIERS LATHAM responsibilities/director named in 3
and identify the connected person


5 Indicate whether the notification is 6 Description of shares (including
in respect of a holding of the person class),
referred to in 3 or 4 above or in debentures or derivatives or financial
respect of a non beneficial interest instruments relating to shares
(1)


7 Name of registered shareholders(s) 8 State the nature of the transaction
and, if more than one, the number of
shares held by each of them


9 Number of shares, debentures or 10 Percentage of issued class acquired
financial (treasury shares of that class should
instruments relating to shares not be taken into account when
acquired calculating percentage)


11 Number of shares, debentures or 12 Percentage of issued class disposed
financial (treasury shares of that class should
instruments relating to shares not be taken into account when
disposed calculating percentage)


13 Price per share or value of 14 Date and place of transaction
transaction


15 Total holding following notification 16 Date issuer informed of transaction
and total percentage holding
following notification (any treasury
shares should not be taken into
account when calculating percentage)


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
18 AUGUST 2005
18.08.2008 - 17.08.2015


19 Total amount paid (if any) for grant 20 Description of shares or debentures
of the involved (class and number)
option
27.5P ORDINARY SHARES
NIL


21 Exercise price (if fixed at time of 22 Total number of shares or debentures
grant) or over which options held following
indication that price is to be fixed notification
at the time of exercise
53,419
93P


23 Any additional information 24 Name of contact and telephone number
for queries

ANNPATRICIA ELEY

020 711 7033



Name and signature of duly authorised officer of issuer responsible for making
notification

JACKIE FOX, DEPUTY GROUP COMPANY SECRETARY

Date of notification 19 AUGUST 2005

If only they would write these things in English :-)

:-)

This has gone well of late opto.

opto, this is ticking along nicely.

Hi Goal, yes it's doing OK in a steady way. I cashed in last week to release cash for another stock purchase, made a nice overall gain on RSA.
Would not be averse to going back in again but now I am out I would like to see the American asbestos issue sorted first. But you never know tactics could change :-)
opto

opto it's good to here you came out with a profit, I'm 'in profit too but while it's in an up trend i will hold. Regards goal.

A quid by christmas !!

Probably before Dave. Usually the case when I sell :-)

Going out soon myself since opto ,, been in 4 months and gone up 25%,,my kind of venture..

Should i stay or should i go,,97 and am out..

Pushing for 1 at long last.

Looks that way goal, I left too early to buy something that has hardly moved.
Good luck
opto

Still in but not for much longer,been out all day result !!

Am out for a good profit,happy days..