Director/PDMR Shareholding

RNS Number : 3880U

Direct Line Insurance Group PLC

01 April 2021

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

1 APRIL 2021

In accordance with DLG's remuneration policy, awards under the DLG 2020 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP") have been granted to PDMRs over ordinary shares of 10 ¹⁰/₁₁ pence each in DLG.   The number of shares awarded under the DAIP and the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £3.15.

For further information on DLG's remuneration policy please see our Directors' Remuneration Report which is available at:  www.directlinegroup.co.uk

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	Penny James
2	Reason for the notification
a)	Position/status	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)  Award of five years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 259,365 (ii) Nil cost options 148,101
d)	Aggregated information - Aggregated volume - Price	407,466 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tim Harris
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)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 97,488
d)	Aggregated information - Aggregated volume - Price	97,488 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 66,949 (ii) Nil cost options 43,677
d)	Aggregated information - Aggregated volume - Price	110,626 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 98,234 (ii) Nil cost options 64,086
d)	Aggregated information - Aggregated volume - Price	162,320 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Maddock
2	Reason for the notification
a)	Position/status	Chief Operating 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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 123,749 (ii) Nil cost options 80,733
d)	Aggregated information - Aggregated volume - Price	204,482 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Manser
2	Reason for the notification
a)	Position/status	Acting 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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 65,476 (ii) Nil cost options 42,952
d)	Aggregated information - Aggregated volume - Price	108,428 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gus Park
2	Reason for the notification
a)	Position/status	Managing Director of Motor, 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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 76,078 (ii) Nil cost options 49,633
d)	Aggregated information - Aggregated volume - Price	125,711 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

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/ 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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 76,078 (ii) Nil cost options 48,168
d)	Aggregated information - Aggregated volume - Price	124,246 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 58,298 (ii) Nil cost options 31,694
d)	Aggregated information - Aggregated volume - Price	89,992 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jose Vazquez
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	(i)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 66,297
d)	Aggregated information - Aggregated volume - Price	66,297 N/A
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Vicky Wallis
2	Reason for the notification
a)	Position/status	Chief People 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)  Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and (ii)  Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
c)	Price(s) and volume(s)	Price Volume (i) Nil cost options 79,365 (ii) Nil cost options 52,063
d)	Aggregated information - Aggregated volume - Price	131,428 N/A
e)	Date of the transaction	26 March 2021
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

 

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