Director/PDMR Shareholding

RNS Number : 0620X

Direct Line Insurance Group PLC

07 August 2018

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

7 August 2018

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	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)         Vesting of share award granted in November 2017 (as nil cost options) to replace awards forfeited at previous employer on joining DLG. The award vested at 95.835% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules; (ii)         Exercise of option and acquisition of vested Shares; and (iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 145,500 (iii) £3.394 69,998
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	2 August 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]

 

END

 

 

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