Director/PDMR Shareholding

RNS Number : 5941I

Direct Line Insurance Group PLC

02 April 2020

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

2 APRIL 2020

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

All Executive Directors and other PDMRs meet their DLG Share Ownership Guidelines holding requirement immediately after the transactions in this announcement.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Evans
2	Reason for the notification
a)	Position/status	Managing Director of Marketing & Digital / 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 Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  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 61,394 (iii) £2.83 28,933
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii) & (iii) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) 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)  Vesting of Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of remaining balance of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 112,818 (iii) £2.83 53,024 (iv) £2.83 59,794
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii), (iii) & (iv) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) & (iv) 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)  Vesting of Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  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 110,035 (iii) £2.83 51,851
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii) & (iii) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) 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)  Vesting of Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 153,946 (iii) £2.83 72,355 (iv) £2.83 80,091
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii) & (iii) & (iv) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) & (iv) The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Manser
2	Reason for the notification
a)	Position/status	Chief Strategy 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 Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  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 49,152 (iii) £2.83 23,164
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii) & (iii) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gus Park
2	Reason for the notification
a)	Position/status	Managing Director of Motor, Pricing & Underwriting / 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 Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  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 69,470 (iii) £2.83 32,738
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii) & (iii) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Syred
2	Reason for the notification
a)	Position/status	Managing Director of H ouseholds , P artnerships & Data / 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 Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  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 55,858 (iii) £2.83 26,323
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii) & (iii) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) 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)  Vesting of Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 62,893 (iii) £2.83 29,560 (iv) £2.83 30,333
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii), (iii) & (iv) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) & (iv) 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)  Vesting of Shares granted in March 2017 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 70.76% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 145,563 (iii) £2.83 68,415 (iv) £2.83 73,148
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 27 March 2020 (ii) & (iii) & (iv) 30 March 2020
f)	Place of the transaction	(i)&(ii) Off market (iii) & (iv) The London Stock Exchange (XLON)

For any enquiries relating to this announcement, please contact: 

Roger Clifton

Company Secretary

Telephone: [phone]

 

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