Director/PDMR Shareholding

RNS Number : 9510G
Direct Line Insurance Group PLC
01 April 2022
 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

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

 

1 APRIL 2022

 

 

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

 

 

(i)  Vesting of Shares granted in March 2019 (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

114,380

 

(iii) £2.738

 

53,894

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) & (iii) 30 March 2022

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

 

 

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 March 2019 (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 60% 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

58,023

(iii) £2.738

 

27,340

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) & (iii) 30 March 2022

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, Customer Sales, Service & 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 March 2019 (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 60% 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 25,949 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

49,193

 

(iii) £2.738

 

23,244

(iv) £2.738

25,949

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) & (iii) & (iv) 30 March 2022

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 March 2019 (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 60% 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 15,294 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

52,814

(iii) £2.738

 

24,923

(iv) £2.738

15,294

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

 

(i) 29 March 2022

(ii) & (iii) & (iv) 30 March 2022

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 March 2019 (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 60% 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

49,122

(iii) £2.738

 

23,146

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) & (iii) 30 March 2022

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 2019 (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 60% 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 72,918 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

138,234

(iii) £2.738

 

65,316

(iv) £2.738

 

72,918

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) & (iii) & (iv) 30 March 2022

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)  Exercise of a nil cost award under the Restricted Share Plan which vested on 1 October 2021;

(ii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iii)  Sale of 60,612 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

(i) Nil

114,905

(ii) £2.738

54,293

(iii) £2.738

60,612

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Aggregated price

 

 

 

 

Not applicable

e)

 

Date of the transaction

 

(i)&(ii)&(iii) 30 March 2022

f)

 

Place of the transaction

 

 

(i) Off market

(ii) & (iii) The London Stock Exchange (XLON)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Aurore Lecanon

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)  Exercise of a nil cost award under the Restricted Share Plan which vested on 29 March 2022; and

(ii)  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) Nil

26,126

 

(ii) £2.738

 

12,310

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) 30 March 2022

f)

 

Place of the transaction

 

 

(i) Off market

(ii) The London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Ash Jokhoo

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Information 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)  Exercise of a nil cost award under the Restricted Share Plan which vested on 29 March 2022;

(ii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iii)  Sale of 40,000 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) Nil

123,076

 

(ii) £2.738

 

57,991

(iii) £2.771

40,000

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) 30 March 2022

(iii) 31 March 2022

 

f)

 

Place of the transaction

 

 

(i) Off market

(ii) & (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, Data, 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 2019 (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 60% 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

54,393

(iii) £2.738

 

25,629

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) & (iii) 30 March 2022

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 2019 (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 60% 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 20,085 Shares from remaining balance.

c)

 

Price(s) and volume(s)

 

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

75,590

(iii) £2.738

35,667

(iv) £2.738

20,085

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

 

Date of the transaction

 

 

(i) 29 March 2022

(ii) & (iii) & (iv) 30 March 2022

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHKFLBBLZLBBBV
UK 100

Latest directors dealings