Direct Line Insurance Group PLC

Remuneration Information • Mar 30, 2016

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RNS Number : 5290T

Direct Line Insurance Group PLC

30 March 2016

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

30 MARCH 2016

DLG announces the following changes in the interests of PDMRs in DLG's ordinary shares of 10 10/11 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 2016.  In accordance with the LTIP rules, the awards were granted on 29 March 2016 as nil-cost options and the market price used to calculate the number of nil cost options awarded was 375.2p per share.

PDMR	Interest in Ordinary Shares held under the LTIP before the transaction	Number of nil cost options over Ordinary Shares awarded	Interest in Ordinary Shares under the LTIP following the transaction
	A	B	A+B
Paul Geddes	1,626,495	206,609	1,833,104
John Reizenstein	1,246,395	125,053	1,371,448
Jonathan Greenwood	467,998	59,968	527,966
Mike Holliday-Williams	470,057	104,944	575,001
Simon Linares	139,255	71,961	211,216
Steve Maddock	547,328	79,957	627,285
Angela Morrison	395,702	58,768	454,470
Humphrey Tomlinson	323,138	43,674	366,812
Jose Vazquez	577,144	79,047	656,191

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 29 March 2019, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 28 March 2026.   Dividend Equivalent Options will accrue up to the point of vesting, on those options that vest.

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 2015.  In accordance with the DAIP rules, the awards were granted on 29 March 2016 as nil-cost options and the market price used to calculate the number of nil cost options awarded was 375.2p per share.

PDMR	Interest in Ordinary Shares held under DAIP before the transaction	Number of nil cost options over Ordinary Shares awarded	Interest in Ordinary Shares held under DAIP following the transaction
	A	B	A+B
Paul Geddes	271,453	119,402	390,855
John Reizenstein	182,823	64,179	247,002
Jonathan Greenwood	118,012	39,019	157,031
Mike Holliday-Williams	66,651	72,174	138,825
Simon Linares	13,885	49,466	63,351
Steve Maddock	145,552	57,569	203,121
Angela Morrison	87,956	23,347	111,303
Humphrey Tomlinson	70,545	23,987	94,532
Jose Vazquez	114,801	47,441	162,242

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 29 March 2019 and remain exercisable until 28 March 2026. Dividend Equivalent Options will accrue up to the point of vesting, on those options that vest.

For further information on DLG's remuneration policy and implementation of the policy please see our 2015 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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