Direct Line Insurance Group PLC

Remuneration Information • Dec 23, 2024

National Storage Mechanism | Additional information

RNS Number : 1780R

Direct Line Insurance Group PLC

23 December 2024

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

23 DECEMBER 2024

Following the appointment of Maz Bown as Chief Risk Officer on 23 December 2024, a Restricted Share Award ("RSP") has been made to Ms Bown over ordinary shares of 10  10/11 pence each in DLG, to compensate her for remuneration arrangements forfeited on leaving her former employer. Performance conditions do not apply to the RSP awards.

In addition, and in accordance with DLG's remuneration policy, an award has been made to Ms Bown under the DLG 2020 Long Term Incentive Plan (the "LTIP") over ordinary shares of 10  10/11 pence each in DLG. The number of shares awarded under the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £2.43.

The following disclosure is 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

Maz Bown

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)         Award of three years' nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan. The award represents the regular 2024 award, and is subject to the same performance conditions as awards made to DLG's PDMRs earlier in the year; and

(ii)        Award of nil cost options under the Restricted Share Plan. Award vests in six tranches ending on 25 March 2027.

c)

Price(s) and volume(s)

	Price	Volume
(i)	Nil cost options	198,045
(ii)	Nil cost options	174,059

d)

Aggregated information

- Aggregated volume

- Price

N/A  

e)

Date of the transaction

23 December 2024

f)

Place of the transaction

Off market

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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