Director/PDMR Shareholding

RNS Number : 9860X
Direct Line Insurance Group PLC
01 September 2022
 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

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

 

1 SEPTEMBER 2022

 

In accordance with DLG's remuneration policy, awards under the DLG 2020 Long Term Incentive Plan (the "LTIP") have been granted to PDMRs over ordinary shares of 10 10/11 pence each in DLG. The number of shares awarded under the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £2.09.

 

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

390,909

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

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

 

 

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period.

 

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

246,411

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

f)

 

Place of the transaction

 

 

Off market.

 

 

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 Sales, Service and 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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

107,655

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

100,904

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

f)

 

Place of the transaction

 

 

Off market.

 

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

101,674

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

 

e)

 

Date of the transaction

 

 

30 August 2022

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

148,056

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

 

e)

 

Date of the transaction

 

 

30 August 2022

f)

 

Place of the transaction

 

 

Off market.

 

 

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

119,617

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

f)

 

Place of the transaction

 

 

Off market.

 

 

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

98,684

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

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, 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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

122,607

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

96,441

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

e)

 

Date of the transaction

 

 

30 August 2022

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

 

 

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

Nil cost options

119,617

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A Single transaction 

 

e)

 

Date of the transaction

 

 

30 August 2022

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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