Director/PDMR Shareholding

RNS Number : 4034X

Direct Line Insurance Group PLC

05 May 2016

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

TRANSACTIONS IN SHARES BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR")

5 May 2016

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

On 4 May 2016, nil cost options over 141,760 Ordinary Shares vested from an outstanding award of 181,991 nil cost options made on 27 May 2014, under DLG's Restricted Share Plan ("RSP"), to Mike Holliday-Williams, a PDMR.   In accordance with the rules of the RSP, a further 37,707 nil cost options also vested by way of dividend equivalents.

DLG were notified on 4 May 2016 that Mr Holliday-Williams exercised his nil cost options over 179,467 Ordinary Shares.  Mr Holliday-Williams then sold 86,339 Ordinary Shares at a price of £3.72 each, to settle a tax liability arising from this exercise. Mr Holliday-Williams retained 93,128 Ordinary Shares.   Mr Holliday-Williams now beneficially owns 107,990 Ordinary Shares.

Clive Philp        

Assistant Company Secretary

Telephone: [phone]

 

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