Director/PDMR Shareholding

RNS Number : 1241J

Direct Line Insurance Group PLC

27 March 2018

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

27 MARCH 2018

In accordance with DLG's remuneration policy, awards under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan (the "LTIP") and the Direct Line Insurance Group plc Deferred Annual Incentive Plan (the "DAIP") have been granted to PDMRs over ordinary shares of 10 ¹⁰/₁₁ pence each in DLG.

For further information on DLG's remuneration policy please see our Directors' Remuneration Report which is available at:  www.directlinegroup.com.

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	Paul Geddes
2	Reason for the notification
a)	Position/status	Chief Executive 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)         Award of five year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) Nil cost options 212,281 (ii) Nil cost options 130,124
d)	Aggregated information - Aggregated volume - Price	342,405 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	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)         Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 75,628 (ii) Nil cost options 53,242
d)	Aggregated information - Aggregated volume - Price	128,870 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Holliday-Williams
2	Reason for the notification
a)	Position/status	Managing Director, Personal Lines / 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)         Award of five year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 143,756 (ii) Nil cost options 75,531
d)	Aggregated information - Aggregated volume - Price	219,287 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Penny James
2	Reason for the notification
a)	Position/status	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)         Award of five year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Deferred Annual Incentive Plan. The award includes a buy-out award for the period 1 January 2017 to 31 October 2017.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 176,794 (ii) Nil cost options 106,242
d)	Aggregated information - Aggregated volume - Price	283,036 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	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)         Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 73,935 (ii) Nil cost options 51,795
d)	Aggregated information - Aggregated volume - Price	125,730 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	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)         Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 95,272 (ii) Nil cost options 67,071
d)	Aggregated information - Aggregated volume - Price	162,343 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Reizenstein
2	Reason for the notification
a)	Position/status	Executive 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	Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume Nil cost options 67,502
d)	Aggregated information - Aggregated volume - Price	N/A  Single transaction
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	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)         Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 44,882 (ii) Nil cost options 23,075
d)	Aggregated information - Aggregated volume - Price	67,957 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	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)         Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 81,208 (ii) Nil cost options 50,425
d)	Aggregated information - Aggregated volume - Price	131,633 N/A
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	The London Stock Exchange (XLON)

For any enquiries relating to this announcement, please contact: 

Simon Watson

Deputy Company Secretary

Telephone: [phone]

 

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