Director/PDMR Shareholding

RNS Number : 7640M

Direct Line Insurance Group PLC

11 May 2015

 

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

1.	Name of the issuer DIRECT LINE INSURANCE GROUP PLC ("DLG")	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 MIKE HOLLIDAY-WILLIAMS	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 MIKE HOLLIDAY-WILLIAMS	8.	State the nature of the transaction Sale of 13,725 ordinary shares at £3.138 per share effected to meet an immediate tax and national insurance liability, which arose on the release of 28,528 ordinary shares awarded under the Restricted Shares Plan (RSP). The 28,528 shares reflect a further vesting of 26,099 shares out of the total of 224,635 shares awarded to Mr Holliday-Williams on 27 May 2014 under the RSP and 2,429 shares added by way of dividend equivalent in accordance with the rules of the RSP. Mr Holliday-Williams has retained 14,803 ordinary shares.
9.	Number of shares, debentures or financial instruments relating to shares acquired 14,803 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 NOT APPLICABLE	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) NOT APPLICABLE
13.	Price per share or value of transaction £3.138	14.	Date and place of transaction 7 MAY 2015
15.	Date issuer informed of transaction 8 MAY 2015

Name of authorised official of issuer responsible for making notification Roger Clifton, Company Secretary Date of notification: 11 MAY 2015

 

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