Director/PDMR Shareholding

RNS Number : 9510G

Direct Line Insurance Group PLC

01 April 2022

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")

1 APRIL 2022

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)  Vesting of Shares granted in March 2019 (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 114,380 (iii) £2.738 53,894
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) 30 March 2022
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	Neil Manser
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)  Vesting of Shares granted in March 2019 (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 60% 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 58,023 (iii) £2.738 27,340
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) 30 March 2022
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	Jessie Burrows
2	Reason for the notification
a)	Position/status	Managing Director, Customer Sales, Service & Claims / 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 2019 (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 60% 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 25,949 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 49,193 (iii) £2.738 23,244 (iv) £2.738 25,949
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) & (iv) 30 March 2022
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	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 2019 (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 60% 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 S hares ; (iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv)  Sale of 15,294 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 52,814 (iii) £2.738 24,923 (iv) £2.738 15,294
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) & (iv) 30 March 2022
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	Jasvinder Gakhal
2	Reason for the notification
a)	Position/status	Managing Director, Motor / 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 2019 (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 60% 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 49,122 (iii) £2.738 23,146
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) 30 March 2022
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 2019 (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 60% 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 72,918 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 138,234 (iii) £2.738 65,316 (iv) £2.738 72,918
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) & (iv) 30 March 2022
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)  Exercise of a nil cost award under the Restricted Share Plan which vested on 1 October 2021; (ii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iii)  Sale of 60,612 Shares from remaining balance.
c)	Price(s) and volume(s)	Price(s) Volume(s) (i) Nil 114,905 (ii) £2.738 54,293 (iii) £2.738 60,612
d)	Aggregated information - Aggregated volume - Aggregated price	Not applicable
e)	Date of the transaction	(i)&(ii)&(iii) 30 March 2022
f)	Place of the transaction	(i) Off market (ii) & (iii) The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Aurore Lecanon
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)  Exercise of a nil cost award under the Restricted Share Plan which vested on 29 March 2022; and (ii)  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) Nil 26,126 (ii) £2.738 12,310
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) 30 March 2022
f)	Place of the transaction	(i) Off market (ii) The London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ash Jokhoo
2	Reason for the notification
a)	Position/status	Chief Information 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)  Exercise of a nil cost award under the Restricted Share Plan which vested on 29 March 2022; (ii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iii)  Sale of 40,000 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) Nil 123,076 (ii) £2.738 57,991 (iii) £2.771 40,000
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) 30 March 2022 (iii) 31 March 2022
f)	Place of the transaction	(i) Off market (ii) & (iii) 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 Household, Partnerships, Data, 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 2019 (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 60% 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 54,393 (iii) £2.738 25,629
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) 30 March 2022
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	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 2019 (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 60% 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 20,085 Shares from remaining balance.
c)	Price(s) and volume(s)	Price (s) Volume (s) (i) & (ii) Nil 75,590 (iii) £2.738 35,667 (iv) £2.738 20,085
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	(i) 29 March 2022 (ii) & (iii) & (iv) 30 March 2022
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:  [e-mail]

LEI: 213800FF2R23ALJQOP04

 

END

 

 

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