Source - LSE Regulatory
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:  Roger.Clifton@directlinegroup.co.uk

 

 

LEI: 213800FF2R23ALJQOP04

 

 

 

 

 

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