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Direct Line Insurance Group PLC
Remuneration Information • Dec 13, 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 4778V
Direct Line Insurance Group PLC
13 December 2021
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
13 DECEMBER 2021
Following the appointment of Ash Jokhoo as Chief Information Officer on 15 November 2021, awards have been made to Ash under the DLG 2020 Long Term Incentive Plan (the "LTIP") and the Restricted Share Plan ("RSP") to compensate him for remuneration arrangements forfeited on leaving his former employer. Performance conditions do not apply to the RSP awards.
Following the appointment of Aurore Lecanon as Chief Risk Officer on 22 November 2021, awards have been made to Aurore under the DLG RSP to compensate her for remuneration arrangements forfeited on leaving her former employer. Performance conditions do not apply to these awards.
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).
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ash Jokhoo
2
Reason for the notification
a)
Position/status
Chief Information 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) Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan. The award represents the regular 2021 award, has a total face value of 125% of annual base salary and is subject to the same performance conditions as awards made to DLG's PDMRS earlier in the year (except that Total Shareholder Return will be measured over the three years commencing on the date of grant).
(ii) Award of nil cost options under the Restricted Share Plan.
(iii) Award of nil cost options under the Restricted Share Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 183,150 |
| Nil cost options | 123,076 |
| Nil cost options | 146,153 |
d)
Aggregated information
- Aggregated volume
- Price
452,379
N/A
e)
Date of the transaction
9 December 2021
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Aurore Lecanon
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 nil cost options under the Restricted Share Plan. The award vests in three tranches.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 82,739 |
d)
Aggregated information
- Aggregated volume
- Price
82,739
N/A
e)
Date of the transaction
9 December 2021
f)
Place of the transaction
Off market
For any enquiries relating to this announcement, please contact:
Roger Clifton
Company Secretary
Email: [email protected]
LEI: 213800FF2R23ALJQOP04
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