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)
|
| ||||||
| 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)
|
| ||||
| 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)
|
| ||||||
| 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)
|
| ||||||
| 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)
|
| ||||||
| 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)
|
| ||||||
| 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)
|
| ||||||
| 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)
|
| ||||||
| 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)
|
| ||||||
| 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)
|
| ||||
| 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)
|
| ||||||
| 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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