Director/PDMR Shareholding

RNS Number : 0840L

Direct Line Insurance Group PLC

03 September 2019

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")

3 SEPTEMBER 2019

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Evans
2	Reason for the notification
a)	Position/status	Managing Director of Marketing & Digital / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)         Acquisition of vested Shares; (iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)        Sale of 2,884 Shares from remaining balance (retained 11,094 shares).
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 26,450 (iii)  2.8492 12,472 (iv) 2.8492 2,884
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii)&(iv) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii)&(iv) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Greenwood
2	Reason for the notification
a)	Position/status	Managing Director, Commercial / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)         Acquisition of vested Shares; and (iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 25,083 shares).
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 47,437 (iii) 2.8492 22,354
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Linares
2	Reason for the notification
a)	Position/status	Human Resources Director / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)   Acquisition of vested Shares; and (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 30,101 shares).
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 56,925 (iii) 2.8492 26,824
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Maddock
2	Reason for the notification
a)	Position/status	​​​​​​​​Chief Operating Officer / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)   Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of 11,843 Shares from remaining balance (retained 21,574 shares).
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 63,250 (iii) 2.8492 29,833 (iv) 2.8492 11,843
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii)&(iv) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii)&(iv) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Manser
2	Reason for the notification
a)	Position/status	Interim Chief Financial Officer /PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)         Acquisition of vested Shares; and (iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 12,507 shares)
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 23,655 (iii) 2.8492 11,148
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gus Park
2	Reason for the notification
a)	Position/status	Managing Director of Motor, Pricing & Underwriting / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)         Acquisition of vested Shares; and (iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 13,688 shares)
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 25,888 (iii)  2.8492 12,200
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Syred
2	Reason for the notification
a)	Position/status	Managing Director of Household & Partnerships / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)         Acquisition of vested Shares; and (iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 12,379 shares).
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 23,412 (iii)  2.8492 11,033
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Humphrey Tomlinson
2	Reason for the notification
a)	Position/status	General Counsel / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)   Acquisition of vested Shares; and (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of 9,418 Shares from remaining balance (retained 8,831 shares).
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 34,556 (iii)  2.8492 16,307 (iv) 2.8492 9,418
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii)&(iv) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii)&(iv) The London Stock Exchange (XLON).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jose Vazquez
2	Reason for the notification
a)	Position/status	Chief Risk Officer / PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Direct Line Insurance Group plc
b)	LEI	213800FF2R23ALJQOP04
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18
b)	Nature of the transaction	(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)   Acquisition of vested Shares; and (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of 9,658 Shares from remaining balance (retained 23,381 shares).
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 62,525 (iii)  2.8492 29,486 (iv) 2.8492 9,658
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2019 (ii)&(iii)&(iv) 2 September 2019
f)	Place of the transaction	(i)&(ii) Outside of a trading venue. (iii)&(iv) The London Stock Exchange (XLON).

For any enquiries relating to this announcement, please contact: 

Victoria Hart

Deputy Company Secretary

Telephone: [phone]

 

END

 

 

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