Source - LSE Regulatory
RNS Number : 3890U
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

 

 

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).

 

All Executive Directors and other PDMRs meet their DLG Share Ownership Guidelines holding requirement immediately after the transactions in this announcement.

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the DAIP;

(ii)        Acquisition of vested Shares; and

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs.

 

c)

 

Price(s) and volume(s)

 

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

137,156

 

(iii) £3.1118

 

64,625

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii) & (iii) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) The London Stock Exchange (XLON)

 

 

 

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares;

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)       Sale of 17,664 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

61,948

 

(iii) £3.1118

 

29,238

 

(iv) £3.1118

17,664

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii) & (iii) & (iv) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) & (iv) The London Stock Exchange (XLON)

 

 

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares;

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs;

(iv)       Sale of 74,774 Shares from remaining balance; and

(v)        Sale of additional 1,848 Shares.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

141,761

(iii) £3.1118

 

66,987

(iv) £3.1118

    

74,774

 

(v) £3.11

1,848

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii) & (iii) & (iv) 29 March 2021

(v) 30 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) & (iv) & (v) The London Stock Exchange (XLON)

 

 

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares;

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs;

(iv)       Sale of 94,199 Shares from remaining balance; and

(v)        Sale of additional 15,671 Shares.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

178,585

 

(iii) £3.1118

    

84,386

 

(iv) £3.1118

    

94,199

 

(v) £3.15

15,671

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii), (iii) & (iv) & (v) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) & (iv) & (v) The London Stock Exchange (XLON)

 

 

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares; and

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

58,870

 

(iii) £3.1118

    

27,738

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii) & (iii) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) The London Stock Exchange (XLON)

 

 

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares;

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)       Sale of 44,170 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

83,744

(iii) £3.1118

    

39,574

(iv) £3.1118

44,170

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii), (iii) & (iv) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) & (iv) The London Stock Exchange (XLON)

 

 

 

 

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 Households, 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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares;

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)       Sale of 33,413 Shares from remaining balance.

 

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

63,352

(iii) £3.1118

    

29,939

(iv) £3.1118

33,413

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii), (iii) & (iv) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) & (iv) The London Stock Exchange (XLON)

 

 

 

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares;

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs;

(iv)       Sale of 38,573 Shares from remaining balance; and

(v)        Sale of additional 10,000 Shares.

 

c)

 

Price(s) and volume(s)

 

 

 

Price (s)

Volume (s)

(i) & (ii) Nil

73,125

(iii) £3.1118

34,552

(iv) £3.1118

38,573

(v) £2.970051

10,000

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii), (iii) & (iv) & (v) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) & (iv) & (v) The London Stock Exchange (XLON)

 

 

 

 

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)         Vesting of Shares granted in March 2018 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 74.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;

(ii)        Acquisition of vested Shares;

(iii)       Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)       Sale of 75,698 Shares from remaining balance.

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)



(i) & (ii) Nil

143,513

 

(iii) £3.1118

    

67,815

(iv) £3.1118

75,698

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 26 March 2021

(ii) & (iii) & (iv) 29 March 2021

f)

 

Place of the transaction

 

 

(i) & (ii) Off market

(iii) & (iv) The London Stock Exchange (XLON)

 

 

 

 

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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