Direct Line Insurance Group PLC

Director's Dealing • May 27, 2014

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RNS Number : 1483I

Direct Line Insurance Group PLC

27 May 2014

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

1.	Name of the issuer DIRECT LINE INSURANCE GROUP PLC ("DLG")	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). (i)
3.	Name of person discharging managerial responsibilities/director MIKE HOLLIDAY-WILLIAMS	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non beneficial interest AS IN 3 ABOVE	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 10 PENCE EACH
7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them MIKE HOLLIDAY-WILLIAMS	8.	State the nature of the transaction This notification is further to the announcement made on 4 March 2014 regarding the appointment of Mike Holliday-Williams as MD, UK Personal Lines. DLG has today made an award to Mike Holliday-Williams of nil-cost options to acquire 224,635 ordinary shares under the DLG Restricted Shares Plan ("RSP"). Awards under the RSP will be subject to the same rules as the rules of the Direct Line Insurance Group plc 2012 Long Term Incentive Plan. The award will vest in three tranches: 26,099 on 1 May 2015; 154,647 on 1 May 2016; and 43,889 on 1 May 2017 and will remain exercisable until 26 May 2024.
9.	Number of shares, debentures or financial instruments relating to shares acquired 224,635 ORDINARY SHARES UNDER THE RSP	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) NEGLIGIBLE
11.	Number of shares, debentures or financial instruments relating to shares disposed NOT APPLICABLE	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) NOT APPLICABLE
13.	Price per share or value of transaction £2.4303	14.	Date and place of transaction 27 MAY 2014
15.	Date issuer informed of transaction 27 MAY 2014

Name of authorised official of issuer responsible for making notification

Roger Clifton, Company Secretary

Date of notification: 27 MAY 2014

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