Director/PDMR Shareholding

RNS Number : 8106M

Direct Line Insurance Group PLC

13 May 2020

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

13 May 2020

Following the appointment of Vicky Wallis as Chief People Officer on 14 April 2020, a "buy out" award was granted to Vicky Wallis to compensate her for remuneration arrangements forfeited on leaving her formal employer. Performance conditions do not apply to these awards.

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	Vicky Wallis
2	Reason for the notification
a)	Position/status	Chief People 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	Award of nil cost options under the Restricted Share Plan. Award vests in eight tranches ending on 11 May 2027.
c)	Price(s) and volume(s)	Price Volume Nil cost options 221,322
d)	Aggregated information - Aggregated volume - Price	221,322 N/A
e)	Date of the transaction	11 May 2020
f)	Place of the transaction	Off market

For any enquiries relating to this announcement, please contact:

Roger Clifton

Company Secretary

Email: [e-mail]

 

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