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: 01651 831911

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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