Director/PDMR Shareholding

RNS Number : 7384K
Direct Line Insurance Group PLC
03 September 2021
 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

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

 

3 SEPTEMBER 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

 

 

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

 

 

(i)  Vesting of Shares (granted in in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

34,487

(iii) £3.099

16,250

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii) 1 September 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

 

 

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

 

 

(i)  Vesting of Shares (granted in in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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; and

(iv)  Sale of Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

33,210

(iii) £3.099

15,692

(iv) £3.099

17,518

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii)&(iv) 1 September 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

 

 

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 in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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; and

(iv)  Sale of Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

34,680

(iii) £3. 099

16,386

(iv) £3. 099

18,294

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii)&(iv) 1 September 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

 

 

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

 

 

(i)  Vesting of Shares (granted in in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

28,101

(iii) £3.099

13,241

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii) 1 September 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

 

 

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 in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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; a nd

(iv)  Sale of Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

75,617

(iii) £3.099

35,729

(iv) £3.099

39,888

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii)&(iv) 1 September 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

 

 

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 in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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; and

(iv)  Sale of Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

95,256

(iii) £3.099

45,008

(iv) £3.099

50,248

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii)&(iv) 1 September 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 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 (granted in in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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; a nd

(iv)  Sale of Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

35,767

(iii) £3.099

16,900

(iv) £3.099

18,867

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii)&(iv) 1 September 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 in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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; and

(iv)  Sale of Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

44,873

(iii) £3.099

21,202

(iv) £3.099

23,671

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii)&(iv) 1 September 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

 

 

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 in August 2018 as nil cost options under DLG Long Term Incentive Plan (the "LTIP")) at a rate of 68%. 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; a nd

(iv)  Sale of Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

81,194

(iii)  3.099

38,364

(iii)  £3.099

42,830

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 31 August 2021

(ii)&(iii)&(iv) 1 September 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: Roger.Clifton@directlinegroup.co.uk

 

LEI: 213800FF2R23ALJQOP04

 

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