Direct Line Insurance Group PLC

Net Asset Value • Mar 26, 2015

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RNS Number : 4905I

Direct Line Insurance Group PLC

26 March 2015

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

26 MARCH 2015

DLG announces the following changes to the interests of PDMRs in DLG's ordinary shares of 10 pence each ("Ordinary Shares").

Direct Line Insurance Group plc 2012 Long-Term Incentive Plan ("LTIP")

DLG granted options to acquire Ordinary Shares under the LTIP to the following PDMRs in respect of the financial year ending 31 December 2015.  In accordance with the LTIP rules, the awards were granted on 25 March 2015 as nil-cost options.

PDMR	Interest in Ordinary Shares held under the LTIP before the transaction	Number of Ordinary Shares awarded	Price per Ordinary Share awarded (GBP)	Interest in Ordinary Shares under the LTIP following the transaction
	A	B		A+B
Paul Geddes	1,691,902	230,254	£3.3007	1,922,156
John Reizenstein	1,024,045	139,364	£3.3007	1,163,409
Jonathan Greenwood	459,149	62,486	£3.3007	521,635
Mike Holliday-Williams	271,364	119,292	£3.3007	390,656
Simon Linares	-	68,167	£3.3007	68,167
Steve Maddock	531,918	90,889	£3.3007	622,807
Angela Morrison	382,312	54,532	£3.3007	436,844
Humphrey Tomlinson	334,925	48,435	£3.3007	383,360
Jose Vazquez	599,277	89,855	£3.3007	689,132

DLG's policy is to make awards twice a year following the announcement of DLG's full and half-year results respectively. The awards will vest on 25 March 2018, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 24 March 2025.

Direct Line Insurance Group plc Deferred Annual Incentive Plan ("DAIP")

DLG also granted options to acquire Ordinary Shares under the DAIP to the following PDMRs in respect of the financial year ended 31 December 2014.  In accordance with the DAIP rules, the awards were granted on 25 March 2015 as nil-cost options.

PDMR	Interest in Ordinary Shares held under DAIP before the transaction	Number of Ordinary Shares awarded	Price per Ordinary Share awarded (GBP)	Interest in Ordinary Shares held under DAIP following the transaction
	A	B		A+B
Paul Geddes	218,647	121,186	£3.3007	339,833
John Reizenstein	136,672	62,774	£3.3007	199,446
Jonathan Greenwood	86,933	41,809	£3.3007	128,742
Mike Holliday-Williams	-	72,711	£3.3007	72,711
Simon Linares	-	15,148	£3.3007	15,148
Steve Maddock	108,493	50,292	£3.3007	158,785
Angela Morrison	62,021	33,932	£3.3007	95,953
Humphrey Tomlinson	49,694	27,266	£3.3007	76,960
Jose Vazquez	82,824	42,415	£3.3007	125,239

The DLG Remuneration Committee makes awards under the DAIP annually once the outcome of the Annual Incentive Plan for eligible executives is determined.  The awards will vest on 25 March 2018 and remain exercisable until 24 March 2025.

For further information on DLG's remuneration policy and implementation of the policy please see our 2014 Directors' Remuneration Report which is available at:  www.directlinegroup.com.

This announcement is made in accordance with the requirements of DTR 3.1.4 R.

For any enquiries relating to this announcement, please contact: 

Simon Watson

Deputy Company Secretary

Telephone: 01651 831911

This information is provided by RNS

The company news service from the London Stock Exchange

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