Source - RNS
RNS Number : 5789I
Direct Line Insurance Group PLC
31 August 2016
 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

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

 

31 AUGUST 2016

 

DLG announces the following changes in the interests of PDMRs in DLG's ordinary shares of
10 10/11 pence each ("Ordinary Shares").

 

Direct Line Insurance Group plc 2012 Long-Term Incentive Plan ("LTIP")

 

DLG granted options to acquire Ordinary Shares under the LTIP to the following PDMRs in respect of the financial year ending 31 December 2016.  In accordance with the LTIP Rules, the awards were granted on 30 August 2016 as nil-cost options and the market price used to calculate the number of nil-cost options awarded was 368.33p per share.

 

 

PDMR

Interest in Ordinary Shares held under the LTIP before the transaction

Number of nil-cost options over Ordinary Shares awarded

Interest in Ordinary Shares under the LTIP following the transaction


A

B

A+B

Paul Geddes

1,964,394

215,730

2,180,124

John Reizenstein

1,474,932

130,562

1,605,494

Jonathan Greenwood

411,728

62,613

474,341

Mike Holliday-Williams

575,001

109,568

684,569

Simon Linares

211,216

75,136

286,352

Steve Maddock

521,553

83,484

605,037

Humphrey Tomlinson

294,110

45,611

339,721

Jose Vazquez

541,547

82,527

624,074

 

DLG's policy is to make awards twice a year following the announcement of DLG's full and half-year results respectively. The awards will vest on 30 August 2019, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 29 August 2026.   Dividend equivalent options will accrue up to the point of vesting, on those options that vest.   

 

For further information on DLG's remuneration policy and implementation of the policy please see our 2015 Directors' Remuneration Report which is available at:  www.directlinegroup.com.

 

This announcement is made in accordance with The Market Abuse Regulation.

 

For any enquiries relating to this announcement, please contact: 

 

Sian Hoskins

Assistant Company Secretary

Telephone: 01651 831681


This information is provided by RNS
The company news service from the London Stock Exchange
 
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