Director/PDMR Shareholding

RNS Number : 5797K

Direct Line Insurance Group PLC

02 September 2021

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

2 SEPTEMBER 2021

In accordance with DLG's remuneration policy, awards under the DLG 2020 Long Term Incentive Plan (the "LTIP") have been granted to PDMRs over ordinary shares of 10 ¹⁰/₁₁ pence each in DLG. The number of shares awarded under the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £3.11.

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(as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018).

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	Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period.
c)	Price(s) and volume(s)	Price Volume Nil cost options 262,700
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Manser
2	Reason for the notification
a)	Position/status	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	Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period.
c)	Price(s) and volume(s)	Price Volume Nil cost options 165,594
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jessie Burrows
2	Reason for the notification
a)	Position/status	Managing Director Sales, Service and Claims / 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 Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.
c)	Price(s) and volume(s)	Price Volume Nil cost options 72,347
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

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	Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.
c)	Price(s) and volume(s)	Price Volume Nil cost options 67,810
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jasvinder Gakhal
2	Reason for the notification
a)	Position/status	​ Managing Director, Motor / 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 Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.
c)	Price(s) and volume(s)	Price Volume Nil cost options 68,327
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

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	Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.
c)	Price(s) and volume(s)	Price Volume Nil cost options 99,497
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

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 & 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	Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.
c)	Price(s) and volume(s)	Price Volume Nil cost options 77,057
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

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	Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.
c)	Price(s) and volume(s)	Price Volume Nil cost options 59,047
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

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 Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.
c)	Price(s) and volume(s)	Price Volume Nil cost options 80,385
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	31 August 2021
f)	Place of the transaction	Outside of a trading venue.

For any enquiries relating to this announcement, please contact: 

Roger Clifton

Company Secretary

Email: [e-mail]

LEI: 213800FF2R23ALJQOP04

 

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