Direct Line Insurance Group PLC

Director's Dealing • Sep 3, 2019

National Storage Mechanism | Additional information

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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

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.

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