Direct Line Insurance Group PLC

Remuneration Information • Sep 2, 2019

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RNS Number : 9245K

Direct Line Insurance Group PLC

02 September 2019

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

2 SEPTEMBER 2019

In accordance with DLG's remuneration policy, awards under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan (the "LTIP") 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.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 /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

Award of five year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	278,483

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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 /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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	71,796

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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 /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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	105,346

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

f)

Place of the transaction

Outside of a trading venue.

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 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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	106,781

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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 /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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	132,708

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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

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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	48,756

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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 /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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	81,587

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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 /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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	71,796

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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 /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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	62,518

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

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 /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

Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	113,118

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2019

f)

Place of the transaction

Outside of a trading venue.

For any enquiries relating to this announcement, please contact: 

Victoria Hart

Deputy Company Secretary

Telephone: 0165 1832106

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