Direct Line Insurance Group PLC Director/PDMR Shareholding (1130Y)
September 04 2020 - 8:45AM
UK Regulatory
TIDMDLG
RNS Number : 1130Y
Direct Line Insurance Group PLC
04 September 2020
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ("PDMRS")
4 SEPTEMBER 2020
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 GBP2.96.
In the context of the effect on markets of COVID-19, the
Remuneration Committee will continue to monitor the risk of
'windfall gains' and will take this into account when determining
the final vesting outcome.
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.
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 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 Award of nil cost options under the
Direct Line Insurance Group plc 2020
Long Term Incentive Plan which vests
on the fifth anniversary of the award.
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
Nil cost options 276,013
--------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tim Harris
-------------------------- ----------------------------------------
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)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 fifth anniversary of the award.
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
Nil cost options 180,743
--------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
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 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 71,246
-------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
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 the Ordinary shares of 10 (10) /(11)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 104,539
--------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
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 the Ordinary shares of 10 (10) /(11)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 131,692
--------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neil Manser
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Strategy 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 69,679
-------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gus Park
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Managing Director of Motor, Pricing
& Underwriting / 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
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
(i) Nil cost options 80,962
-------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
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 / 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
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
(i) Nil cost options 80,962
-------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume
- Price N/A Single transaction
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
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 the Ordinary shares of 10 (10) /(11)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 62,040
-------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
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 the Ordinary shares of 10 (10) /(11)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 112,252
--------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
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 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
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 168,918
--------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 1 September 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue.
-------------------------- ----------------------------------------
For any enquiries relating to this announcement, please
contact:
Roger Clifton
Company Secretary
Email: Roger.Clifton@directlinegroup.co.uk
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END
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