Direct Line Insurance Group PLC Director/PDMR Shareholding (1241J)
March 27 2018 - 9:30AM
UK Regulatory
TIDMDLG
RNS Number : 1241J
Direct Line Insurance Group PLC
27 March 2018
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ("PDMRS")
27 MARCH 2018
In accordance with DLG's remuneration policy, awards under the
Direct Line Insurance Group plc 2012 Long Term Incentive Plan (the
"LTIP") and the Direct Line Insurance Group plc Deferred Annual
Incentive Plan (the "DAIP") have been granted to PDMRs over
ordinary shares of 10 (10) /(11) pence each in DLG.
For further information on DLG's remuneration policy please see
our Directors' Remuneration Report which is available at:
www.directlinegroup.com.
The following disclosures are made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Paul Geddes
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Chief Executive Officer /
PDMR
--- ------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ----------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- ----------------------------------------
b) Nature of the (i) Award of five year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Direct
Line Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
--------------- -----------
(i) Nil cost
options 212,281
--------------- -----------
(ii) Nil cost
options 130,124
--------------- -----------
--- ------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 342,405
- Price N/A
--- ------------------------- ----------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction 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 Initial Notification
/Amendment
--- ------------------------- ----------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- ----------------------------------------
b) Nature of the (i) Award of three year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Direct
Line Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
--------------- -------
(i) Nil cost
options 75,628
--------------- -------
(ii) Nil cost
options 53,242
--------------- -------
--- ------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 128,870
- Price N/A
--- ------------------------- ----------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction The London Stock Exchange
(XLON)
--- ------------------------- ----------------------------------------
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 Initial Notification
/Amendment
--- ------------------------- ----------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- ----------------------------------------
b) Nature of the (i) Award of five year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Direct
Line Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
--------------- --------
(i) Nil cost
options 143,756
--------------- --------
(ii) Nil cost
options 75,531
--------------- --------
--- ------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 219,287
- Price N/A
--- ------------------------- ----------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction The London Stock Exchange
(XLON)
--- ------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Penny James
--- ------------------------- --------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------
a) Position/status Chief Financial Officer /
PDMR
--- ------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- --------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- --------------------------------------
b) Nature of the (i) Award of five year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Deferred
Annual Incentive Plan. The
award includes a buy-out award
for the period 1 January 2017
to 31 October 2017.
--- ------------------------- --------------------------------------
c) Price(s) and volume(s) Price Volume
--------------- --------
(i) Nil cost
options 176,794
--------------- --------
(ii) Nil cost
options 106,242
--------------- --------
--- ------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 283,036
- Price N/A
--- ------------------------- --------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- --------------------------------------
f) Place of the transaction The London Stock Exchange
(XLON)
--- ------------------------- --------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Simon Linares
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Human Resources Director /
PDMR
--- ------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ----------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- ----------------------------------------
b) Nature of the (i) Award of three year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Direct
Line Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
--------------- -------
(i) Nil cost
options 73,935
--------------- -------
(ii) Nil cost
options 51,795
--------------- -------
--- ------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 125,730
- Price N/A
--- ------------------------- ----------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction 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 Initial Notification
/Amendment
--- ------------------------- ----------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- ----------------------------------------
b) Nature of the (i) Award of three year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Direct
Line Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
--------------- -------
(i) Nil cost
options 95,272
--------------- -------
(ii) Nil cost
options 67,071
--------------- -------
--- ------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 162,343
- Price N/A
--- ------------------------- ----------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction The London Stock Exchange
(XLON)
--- ------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name John Reizenstein
--- ------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Executive Director / PDMR
--- ------------------------- -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- -------------------------------
b) Nature of the Award of three year nil cost
transaction options under the Direct Line
Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price Volume
------------------ -------
Nil cost options 67,502
------------------ -------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
--- ------------------------- -------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- -------------------------------
f) Place of the transaction 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 Initial Notification
/Amendment
--- ------------------------- ----------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- ----------------------------------------
b) Nature of the (i) Award of three year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Direct
Line Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
--------------- -------
(i) Nil cost
options 44,882
--------------- -------
(ii) Nil cost
options 23,075
--------------- -------
--- ------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 67,957
- Price N/A
--- ------------------------- ----------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction 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 Initial Notification
/Amendment
--- ------------------------- ----------------------------------------
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 Ordinary shares of 10 (10)
the financial /(11) pence ("Shares")
instrument, type
of instrument
Identification GB00BY9D0Y18
code
--- ------------------------- ----------------------------------------
b) Nature of the (i) Award of three year nil
transaction cost options under the Direct
Line Insurance Group plc 2012
Long Term Incentive Plan;
and
(ii) Award of three year nil
cost options under the Direct
Line Insurance Group plc Deferred
Annual Incentive Plan.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
--------------- -------
(i) Nil cost
options 81,208
--------------- -------
(ii) Nil cost
options 50,425
--------------- -------
--- ------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 131,633
- Price N/A
--- ------------------------- ----------------------------------------
e) Date of the transaction 26 March 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction The London Stock Exchange
(XLON)
--- ------------------------- ----------------------------------------
For any enquiries relating to this announcement, please
contact:
Simon Watson
Deputy Company Secretary
Telephone: 01651 831911
This information is provided by RNS
The company news service from the London Stock Exchange
END
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