Director/PDMR Shareholding

RNS Number : 3448C
Direct Line Insurance Group PLC
14 March 2014
 



 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

 

 

1.

Name of the issuer

 

DIRECT LINE INSURANCE GROUP PLC

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R,

(ii) a disclosure made in accordance

LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

 

(i)

 





3.

Name of person discharging managerial

responsibilities/director

 

JAMES CHALMERS BROWN

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

 

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 interest

 

AS IN 3 ABOVE

 

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

 

ORDINARY SHARES OF 10 PENCE EACH





7.

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

 

JAMES CHALMERS BROWN

8.

State the nature of the transaction

 

Sale of 18,401 ordinary shares at £2.65 per share effected to meet an immediate tax and national insurance liability, which arose on the release of 39,940 ordinary shares awarded under the RBS 2010 Long Term Incentive Plan. Mr Brown has retained 21,539 ordinary shares.

 





9.

Number of shares, debentures or financial instruments relating to shares acquired

 

21,539 ORDINARY SHARES

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

 

NEGLIGIBLE

 





11.

Number of shares, debentures or financial instruments relating to shares disposed

 

18,401 ORDINARY SHARES

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

 

NEGLIGIBLE

 





13.

Price per share or value of transaction

 

£2.65

 

14.

Date and place of transaction

 

7 MARCH 2014





15.

Date issuer informed of transaction

 

12 MARCH 2014

 







 

 

 

 

Name of authorised official of issuer responsible for making notification

 

Humphrey Tomlinson, General Counsel & Company Secretary

 

 

Date of notification: 14 MARCH 2014

 

 

 


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