Director/PDMR Shareholding

RNS Number : 3890U

Direct Line Insurance Group PLC

01 April 2021

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

1 APRIL 2021

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018).

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	Penny James
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)  Vesting of Shares granted in March 2018 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the 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 137,156 (iii) £3.1118 64,625
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii) & (iii) 29 March 2021
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	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 2018 (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 74.8% 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 S hares ; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of 17,664 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 61,948 (iii) £3.1118 29,238 (iv) £3.1118 17,664
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii) & (iii) & (iv) 29 March 2021
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	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 2018 (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 74.8% 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; (iv)  Sale of 74,774 Shares from remaining balance; and (v)  Sale of additional 1,848 Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 1 41,761 (iii) £3.1118 66,987 (iv) £3.1118 74,774 (v) £3.11 1,848
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii) & (iii) & (iv) 29 March 2021 (v) 30 March 2021
f)	Place of the transaction	(i) & (ii) Off market (iii) & (iv) & (v) 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 2018 (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 74.8% 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; (iv)  Sale of 94,199 Shares from remaining balance; and (v)  Sale of additional 15,671 Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 178,585 (iii) £3.1118 84,386 (iv) £3.1118 94,199 (v) £3.15 15,671
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii), (iii) & (iv) & (v) 29 March 2021
f)	Place of the transaction	(i) & (ii) Off market (iii) & (iv) & (v) 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	Acting 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 Shares granted in March 2018 (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 74.8% 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 58,870 (iii) £3.1118 27,738
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii) & (iii) 29 March 2021
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 2018 (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 74.8% 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 44,170 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 83,744 (iii) £3.1118 39,574 (iv) £3.1118 44,170
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii), (iii) & (iv) 29 March 2021
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	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 2018 (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 74.8% 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 33,413 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 63,352 (iii) £3.1118 29,939 (iv) £3.1118 33,413
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii), (iii) & (iv) 29 March 2021
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	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 2018 (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 74.8% 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; (iv)  Sale of 38,573 Shares from remaining balance; and (v)  Sale of additional 10,000 Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 73,125 (iii) £3.1118 34,552 (iv) £3.1118 38,573 (v) £2.970051 10,000
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii), (iii) & (iv) & (v) 29 March 2021
f)	Place of the transaction	(i) & (ii) Off market (iii) & (iv) & (v) 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 2018 (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 74.8% 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 75,698 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 143,513 (iii) £3.1118 67,815 (iv) £3.1118 75,698
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 26 March 2021 (ii) & (iii) & (iv) 29 March 2021
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

Email:  [e-mail]

LEI: 213800FF2R23ALJQOP04

 

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