TIDMDLG

RNS Number : 0620X

Direct Line Insurance Group PLC

07 August 2018

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

7 August 2018

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                        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 the          Ordinary shares of 10 (10) /(11) pence 
       financial instrument,       ("Shares") 
       type of instrument 
 
       Identification code 
                                   GB00BY9D0Y18 
     --------------------------  ---------------------------------------------------- 
 b)   Nature of the transaction            (i) Vesting of share award granted 
                                            in November 2017 (as nil cost options) 
                                            to replace awards forfeited at previous 
                                            employer on joining DLG. The award 
                                            vested at 95.835% after the application 
                                            of performance criteria. The number 
                                            of Shares vesting includes additional 
                                            dividend equivalent Shares, in accordance 
                                            with the rules; 
                                            (ii) Exercise of option and 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    145,500 
                                                      ----------- 
                                     (iii) GBP3.394    69,998 
                                                      ----------- 
     --------------------------  ---------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          Not applicable 
       - Price 
     --------------------------  ---------------------------------------------------- 
 e)   Date of the transaction     2 August 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 07, 2018 07:00 ET (11:00 GMT)

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