Director/PDMR Shareholding

RNS Number : 9502G

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

In accordance with DLG's remuneration policy, awards under the DLG 2020 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP") have been granted to PDMRs over ordinary shares of 10 ¹⁰/₁₁ pence each in DLG.   The number of shares awarded under the DAIP and the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £2.75.

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	(i)  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; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 297,090 (ii) Nil cost options 174,689
d)	Aggregated information - Aggregated volume - Price	471,779 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  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; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 187,272 (ii) Nil cost options 97,908
d)	Aggregated information - Aggregated volume - Price	285,180 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 81,818 (ii) Nil cost options 46,257
d)	Aggregated information - Aggregated volume - Price	128,075 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 76,687 (ii) Nil cost options 51,534
d)	Aggregated information - Aggregated volume - Price	128,221 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 77,272 (ii) Nil cost options 47,352
d)	Aggregated information - Aggregated volume - Price	124,624 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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	(iii)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (iv)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 112,522 (ii) Nil cost options 75,615
d)	Aggregated information - Aggregated volume - Price	188,137 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 75,000 (ii) Nil cost options 45,450
d)	Aggregated information - Aggregated volume - Price	120,450 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 90,909 (ii) Nil cost options 61,090
d)	Aggregated information - Aggregated volume - Price	151,999 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 87,145 (ii) Nil cost options 58,561
d)	Aggregated information - Aggregated volume - Price	145,706 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 73,295 (ii) Nil cost options 38,440
d)	Aggregated information - Aggregated volume - Price	111,735 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

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	(i)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 90,909 (ii) Nil cost options 61,090
d)	Aggregated information - Aggregated volume - Price	151,999 N/A
e)	Date of the transaction	29 March 2022
f)	Place of the transaction	Off market

For any enquiries relating to this announcement, please contact: 

Roger Clifton

Company Secretary

Email: [e-mail]

LEI: 213800FF2R23ALJQOP04

 

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