TIDMDLG
RNS Number : 3890U
Direct Line Insurance Group PLC
01 April 2021
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ("PDMRS")
1 APRIL 2021
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).
All Executive Directors and other PDMRs meet their DLG Share
Ownership Guidelines holding requirement immediately after the
transactions in this announcement.
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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- ----------------------------------------------------
b) Nature of the transaction (i) Vesting of Shares granted in
March 2018 (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 137,156
-----------
(iii) GBP3.1118 64,625
-----------
-------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii) & (iii) 29 March 2021
-------------------------- ----------------------------------------------------
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 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 (i) Vesting of Shares granted in
March 2018 (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 74.8% 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 17,664 Shares from remaining
balance.
-------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 61,948
-----------
(iii) GBP3.1118 29,238
-----------
(iv) GBP3.1118 17,664
-----------
-------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii) & (iii) & (iv) 29 March 2021
-------------------------- ----------------------------------------------------
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 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 Shares granted in March
2018 (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 74.8% 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;
(iv) Sale of 74,774 Shares from remaining
balance; and
(v) Sale of additional 1,848 Shares.
-------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 1 41,761
-----------
(iii) GBP3.1118 66,987
-----------
(iv) GBP3.1118 74,774
-----------
(v) GBP3.11 1,848
-----------
-------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii) & (iii) & (iv) 29 March 2021
(v) 30 March 2021
-------------------------- ----------------------------------------------------
f) Place of the transaction (i) & (ii) Off market
(iii) & (iv) & (v) 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 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 Shares granted in March
2018 (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 74.8% 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;
(iv) Sale of 94,199 Shares from remaining
balance; and
(v) Sale of additional 15,671 Shares.
-------------------------- ----------------------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 178,585
-----------
(iii) GBP3.1118 84,386
-----------
(iv) GBP3.1118 94,199
-----------
(v) GBP3.15 15,671
-----------
-------------------------- ----------------------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii), (iii) & (iv) & (v) 29 March 2021
-------------------------- ----------------------------------------------------------------
f) Place of the transaction (i) & (ii) Off market
(iii) & (iv) & (v) 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 Acting 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 Shares granted in March
2018 (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 74.8% 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 58,870
-----------
(iii) GBP3.1118 27,738
-----------
-------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii) & (iii) 29 March 2021
-------------------------- ----------------------------------------------------
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 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) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- ----------------------------------------------------
b) Nature of the transaction (i) Vesting of Shares granted in March
2018 (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 74.8% 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 44,170 Shares from remaining
balance.
-------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 83,744
-----------
(iii) GBP3.1118 39,574
-----------
(iv) GBP3.1118 44,170
-----------
-------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii), (iii) & (iv) 29 March 2021
-------------------------- ----------------------------------------------------
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 Kate Syred
-------------------------- ----------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Managing Director of H ouseholds ,
P artnerships & Data / 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 Shares granted in March
2018 (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 74.8% 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 33,413 Shares from remaining
balance.
-------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 63,352
-----------
(iii) GBP3.1118 29,939
-----------
(iv) GBP3.1118 33,413
-----------
-------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii), (iii) & (iv) 29 March 2021
-------------------------- ----------------------------------------------------
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 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) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- ----------------------------------------------------
b) Nature of the transaction (i) Vesting of Shares granted in March
2018 (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 74.8% 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;
(iv) Sale of 38,573 Shares from remaining
balance; and
(v) Sale of additional 10,000 Shares.
-------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 73,125
-----------
(iii) GBP3.1118 34,552
-----------
(iv) GBP3.1118 38,573
-----------
(v) GBP2.970051 10,000
-----------
-------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii), (iii) & (iv) & (v) 29 March 2021
-------------------------- ----------------------------------------------------
f) Place of the transaction (i) & (ii) Off market
(iii) & (iv) & (v) 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 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 Shares granted in March
2018 (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 74.8% 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 75,698 Shares from remaining
balance.
-------------------------- ----------------------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 143,513
-----------
(iii) GBP3.1118 67,815
-----------
(iv) GBP3.1118 75,698
-----------
-------------------------- ----------------------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------------------------
e) Date of the transaction (i) 26 March 2021
(ii) & (iii) & (iv) 29 March 2021
-------------------------- ----------------------------------------------------------------
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: Roger.Clifton@directlinegroup.co.uk
LEI: 213800FF2R23ALJQOP04
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END
DSHEFLFBFZLZBBX
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