Director/PDMR Shareholding

RNS Number : 4393D

Direct Line Insurance Group PLC

28 March 2014

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

1.	Name of the issuer DIRECT LINE INSURANCE GROUP PLC	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). (i)
3.	Name of person discharging managerial responsibilities/director PAUL GEDDES	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non beneficial interest AS IN 3 ABOVE	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 10 PENCE EACH
7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them PAUL GEDDES	8.	State the nature of the transaction Sale of 56,441 ordinary shares at £2.43 per share effected to meet an immediate tax and national insurance liability, which arose on the release of 117,319 ordinary shares awarded under the Deferred Annual Incentive Plan (DAIP). The 117,319 shares are comprised of 113,113 out of the total of 188,522 shares awarded to Mr Geddes on 28 March 2013 under the DAIP and 4,206 shares added by way of dividend equivalent in accordance with the rules of the DAIP. Mr Geddes has retained 60,878 ordinary shares.
9.	Number of shares, debentures or financial instruments relating to shares acquired 60,878 ORDINARY SHARES	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) NEGLIGIBLE
11.	Number of shares, debentures or financial instruments relating to shares disposed 56,441 ORDINARY SHARES	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) NEGLIGIBLE
13.	Price per share or value of transaction £2.43	14.	Date and place of transaction 27 MARCH 2014
15.	Date issuer informed of transaction 27 MARCH 2014

Name of authorised official of issuer responsible for making notification Roger Clifton, Company Secretary Date of notification: 28 MARCH 2014

 

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