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:  [e-mail]

LEI: 213800FF2R23ALJQOP04

 

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