RNS Number : 0840L
Direct Line Insurance Group PLC
03 September 2019
 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

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

 

3 SEPTEMBER 2019

 

 

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

 

 

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

 

 

(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)         Acquisition of vested Shares;

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)        Sale of 2,884 Shares from remaining balance (retained 11,094 shares).

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

26,450

(iii)  2.8492

12,472

(iv) 2.8492

2,884

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii)&(iv) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(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 /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

 

 

(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 25,083 shares).

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

47,437

(iii) 2.8492

22,354

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(iii) 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 /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

 

 

(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)   Acquisition of vested Shares; and

(iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 30,101 shares).

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

56,925

(iii) 2.8492

26,824

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(iii) 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 /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

 

 

(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)   Acquisition of vested Shares;

(iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)  Sale of 11,843 Shares from remaining balance (retained 21,574 shares).

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

63,250

(iii) 2.8492

29,833

(iv) 2.8492

11,843

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii)&(iv) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(iii)&(iv) 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

 

 

Interim 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

 

 

(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 12,507 shares)

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

23,655

(iii) 2.8492

11,148

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(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 /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

 

 

(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 13,688 shares)

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

25,888

(iii)  2.8492

12,200

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(iii) 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 Household & Partnerships / 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

 

 

(i)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs (retained 12,379 shares).

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

23,412

(iii)  2.8492

11,033

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(iii) 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 /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

 

 

(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)   Acquisition of vested Shares; and

(iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)  Sale of 9,418 Shares from remaining balance (retained 8,831 shares).

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

34,556

(iii)  2.8492

16,307

(iv) 2.8492

9,418

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii)&(iv) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(iii)&(iv) 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 /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

 

 

(i)   Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2016 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP;

(ii)   Acquisition of vested Shares; and

(iii)  Sale of Shares to cover the costs of exercise including tax and dealing costs; and

(iv)  Sale of 9,658 Shares from remaining balance (retained 23,381 shares).

 

c)

 

Price(s) and volume(s)

 

 

Price (s)

Volume (s)

(i) & (ii)  Nil

62,525

(iii)  2.8492

29,486

(iv) 2.8492

9,658

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

 

Not applicable

 

e)

 

Date of the transaction

 

 

(i) 30 August 2019

(ii)&(iii)&(iv) 2 September 2019

 

f)

 

Place of the transaction

 

 

(i)&(ii) Outside of a trading venue.

(iii)&(iv) The London Stock Exchange (XLON).

For any enquiries relating to this announcement, please contact: 

 

Victoria Hart

Deputy Company Secretary

Telephone: 0165 1832106

 


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