Director/PDMR Shareholding

RNS Number : 1131Y

Direct Line Insurance Group PLC

04 September 2020

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

4 SEPTEMBER 2020

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	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 (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 78%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; (iv)  Sale of 18,298 Shares from remaining balance; and (v)  Sale of additional Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 34,606 (iii) £2.9328 16,308 (iv) £2.9328 18,298 (v) £2.9180 43,555
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii)&(iv) 2 September 2020 (v)1 September 2020
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	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 (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 78%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; (iv)  Sale of 39,891 Shares from remaining balance; and (v)  Sale of additional 75,299 Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 75,443 (iii) £2.9328 35,552 (iv) £2.9328 39,891 (v) £2.9356 75,299
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii)&(iv) 2 September 2020 (v) 3 September 2020
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	Teresa Greenwood
2	Reason for the notification
a)	Position/status	Person closely associated with Jonathan Greenwood (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	Sale of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.9361 15,777   £2.9380 25,000
d)	Aggregated information - Aggregated volume - Price	40,777 2.9373
e)	Date of the transaction	3 September 2020
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)  Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 78%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; (iv)  Sale of 50,253 Shares from remaining balance; and (v)  Sale of additional Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 95,039 (iii) £2.9328 44,786 (iv) £2.9328 50,253 (v) £2.9147 166,091
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii)&(iv) 2 September 2020 (v)1 September 2020
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	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 (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 78%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; and (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 16,204 shares)
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 30,646 (iii) £2.9328 14,442
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii) 2 September 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 (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 78%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 22,105 shares)
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 41,804 (iii)  2.9328 19,699
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii) 2 September 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 Household & Partnerships / 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 (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 78%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; (iv)  Sale of 18,650 Shares from remaining balance; and (v)  Additional sale of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 35,271 (iii) £2.9328 16,621 (iv) £2.9328 18,650 (v) £2.9302 10,000
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii)&(iv) & (v) 2 September 2020
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	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 (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 78%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; (iv)  Sale of 23,673 Shares from remaining balance; and (v)  Additional sale of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 44,771 (iii) £2.9328 21,098 (iv) £2.9328 23,673 (v) £2.9100 50,000
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii)&(iv) 2 September 2020 (v)1 September 2020
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 (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2017 at a vesting rate of 7 8 %. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii)  Acquisition of vested Shares; a nd (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; (iv) Sale of 42,835 Shares from remaining balance; (v)  Additional sale of Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii)  Nil 81,010 (iii)  2.9328 38,175 (iii)  £2.9328 42,835 (iv)  £2.9180 121,888
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 1 September 2020 (ii)&(iii)&(iv) 2 September 2020 (v)1 September 2020
f)	Place of the transaction	(i)&(ii) Off market. (iii)&(iv)&(v) The London Stock Exchange (XLON).

For any enquiries relating to this announcement, please contact: 

Roger Clifton

Company Secretary

Email: [e-mail]

 

END

 

 

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