Director/PDMR Shareholding

RNS Number : 4580E

Direct Line Insurance Group PLC

08 May 2017

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them

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

On 3 May 2017, nil cost options over 40,231 Ordinary Shares vested from an outstanding award made on 27 May 2014, under DLG's Restricted Shares Plan ("RSP"), to Mike Holliday-Williams, a PDMR.   In accordance with the rules of the RSP, a further 14,252 nil cost options also vested by way of dividend equivalents.

DLG was notified on 4 May 2017 that Mr Holliday-Williams had exercised his nil cost options over 54,483 Ordinary Shares.  Mr Holliday-Williams then sold 26,212 Ordinary Shares at a price of £3.575209 each, to settle tax liabilities and dealing costs arising from the exercise. Mr Holliday-Williams retained 28,271 Ordinary Shares.  

For any enquiries relating to this announcement, please contact:

Simon Watson

Deputy Company Secretary
Email:  [e-mail]

Telephone:  [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Holliday-Williams
2	Reason for the notification
a)	Position/status	Managing Director, Personal Lines / 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)         Acquisition of Shares pursuant to the vesting of nil cost options under the DLG Restricted Shares Plan (the "RSP"); and (ii)         Sale of Shares to settle tax liabilities and dealing costs arising from RSP vesting.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) Nil 54,483 (ii) £3.575209 26,212
d)	Aggregated information - Aggregated volume - Aggregated price	N/A Single transaction
e)	Date of the transaction	(i)         3 May  2017 (ii)         4 May 2017
f)	Place of the transaction	The London Stock Exchange (XLON)

 

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