Director/PDMR Shareholding

RNS Number : 5071U
Direct Line Insurance Group PLC
28 March 2023
 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

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

 

28 MARCH 2023

 

 

The following disclosures are made in accordance with the UK Market Abuse Regulation.

 

 

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 2020 (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

53,289

(iii) £1.377

 

25,109

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 27 March 2023

(ii) & (iii) 28 March 2023

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 March 2020 (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

45,145

 

(iii) £1.377

 

21,272

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 27 March 2023

(ii) & (iii) 28 March 2023

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 March 2020 (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

36,095

(iii) £1.377

 

17,008

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 27 March 2023

(ii) & (iii) 28 March 2023

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

 

 

 

Acting 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 2020 (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

92,440

(iii) £1.377

 

43,556

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

 

Date of the transaction

 

 

(i) 27 March 2023

(ii) & (iii) 28 March 2023

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

 

 

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 27 March 2023;

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

(iii)  Sale of Shares from the remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) Nil

159,949

 

(ii) £1.377

 

75,576

(iii) £1.377

84,373

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

28 March 2023

 

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

 

 

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 2020 (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

45,715

(iii) £1.377

21,540

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

 

Date of the transaction

 

 

(i) 27 March 2023

(ii) & (iii) 28 March 2023

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) 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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