Director/PDMR Shareholding

RNS Number : 0001Y

Direct Line Insurance Group PLC

01 September 2022

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

1 SEPTEMBER 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	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 August 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP"). 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; (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 36,780 (iii) £2.043 17,791
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2022 (ii) & (iii) 31 August 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	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 August 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP"). 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; (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of 17,977 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 34,906 (iii) £2.043 16,929 (iv) £2.043 17,977
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2022 (ii), (iii) & (iv) 31 August 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 August 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP"). 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; (ii)  Acquisition of vested S hares ; 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 54,163 (iii) £2.043 26,200
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2022 (ii) & (iii) 31 August 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	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 August 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP"). 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; (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 30,836 (iii) £2.043 14,916
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2022 (ii) & (iii) 31 August 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	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 August 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP"). 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;  (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 79,474 (iii) £2.043 38,443
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2022 (ii) & (iii) 31 August 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	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 August 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP"). 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;  (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 54,163 (iii) £2.043 26,200
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2022 (ii) & (iii) 31 August 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 August 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP"). 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;  (ii)  Acquisition of vested Shares; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of additional Shares.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 47,162 (iii) £2.043 22,813 (iv) £2.063 6,000
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 30 August 2022 (ii), (iii) & (iv) 31 August 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:  [e-mail]

LEI: 213800FF2R23ALJQOP04

 

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