Director/PDMR Shareholding

RNS Number : 8858U

Direct Line Insurance Group PLC

02 April 2019

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

2 APRIL 2019

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.co.uk

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 and CEO-designate / 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 years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three years 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 191,614 (ii) Nil cost options   91,208
d)	Aggregated information - Aggregated volume - Price	282,822 N/A
e)	Date of the transaction	29 March 2019
f)	Place of the transaction	The London Stock Exchange (XLON)

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 three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan; and (ii)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan in respect of an adjustment to 2016's AIP out-turn for Ogden rate changes.  For further details please see page 95 of DLG's 2018 Report & Accounts.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 111,570 (ii) Nil cost options 31,386
d)	Aggregated information - Aggregated volume - Price	142,956 N/A
e)	Date of the transaction	29 March 2019
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 years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; (ii)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan; and (iii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan in respect of an adjustment to 2016's AIP out-turn for Ogden rate changes.  For further details please see page 95 of DLG's 2018 Report & Accounts.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 159,702 (ii) Nil cost options   64,761 (iii)Nil cost options   18,218
d)	Aggregated information - Aggregated volume - Price	242,681 N/A
e)	Date of the transaction	29 March 2019
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 years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 84,017 (ii) Nil cost options 59,821
d)	Aggregated information - Aggregated volume - Price	143,838 N/A
e)	Date of the transaction	29 March 2019
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 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 years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options   85,161 (ii) Nil cost options   63,685
d)	Aggregated information - Aggregated volume - Price	148,846 N/A
e)	Date of the transaction	29 March 2019
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 years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 105,840 (ii) Nil cost options   77,751
d)	Aggregated information - Aggregated volume - Price	183,591 N/A
e)	Date of the transaction	29 March 2019
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 years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 49,860 (ii) Nil cost options 30,363
d)	Aggregated information - Aggregated volume - Price	80,223 N/A
e)	Date of the transaction	29 March 2019
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 years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii)         Award of three years 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 90,216 (ii) Nil cost options 52,365
d)	Aggregated information - Aggregated volume - Price	142,581 N/A
e)	Date of the transaction	29 March 2019
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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