Director/PDMR Shareholding

Direct Line Insurance Group PLC

21 March 2025

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

21 MARCH 2025

Following the appointment of Jane Poole as Chief Financial Officer on 10 October 2024, a share award pursuant to Listing Rule 9.3.2 has been made to Ms Poole over ordinary shares of 10 ¹⁰/₁₁ pence each in DLG, to compensate her for remuneration arrangements forfeited on leaving her former employer. The forfeited remuneration arrangement subject to the compensatory DLG buyout award, which has now been determined following the publication of the 2024 Aviva plc Directors' Remuneration Report, relates to the 2024 annual bonus Ms Poole forfeited on leaving her former employer. All remuneration arrangements are consistent with the terms of the Directors' Remuneration Policy approved by shareholders at the AGM in May 2023. The award will accrue dividend equivalent shares until vesting.

The following disclosure is 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	Jane Poole
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	Award of nil cost options pursuant to UK LR 9.3.2 R.  Performance conditions do not apply to this award. The award vests in three tranches.
c)	Price(s) and volume(s)	Price Volume Nil cost options 18,428 Nil cost options 18,428 Nil cost options 18,426
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 March 2025
f)	Place of the transaction	Off market

Following the appointment of Maz Bown as Chief Risk Officer on 23 December 2024, an award has been made to Maz under the DLG Restricted Share Plan ("RSP") to compensate her for remuneration arrangements forfeited on leaving her former employer. Performance conditions do not apply to these awards. The awards will accrue dividend equivalent shares until vesting.

The following disclosure is 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	Maz Bown
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	Award of nil cost options under the RSP. The award vests in three tranches.
c)	Price(s) and volume(s)	Price Volume Nil cost options 12,176 Nil cost options 12,176 Nil cost options 12,175
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 March 2025
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

 

END