Direct Line Insurance Group PLC

Director's Dealing • Aug 31, 2016

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RNS Number : 5789I

Direct Line Insurance Group PLC

31 August 2016

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

31 AUGUST 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 30 August 2016 as nil-cost options and the market price used to calculate the number of nil-cost options awarded was 368.33p 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	1,964,394	215,730	2,180,124
John Reizenstein	1,474,932	130,562	1,605,494
Jonathan Greenwood	411,728	62,613	474,341
Mike Holliday-Williams	575,001	109,568	684,569
Simon Linares	211,216	75,136	286,352
Steve Maddock	521,553	83,484	605,037
Humphrey Tomlinson	294,110	45,611	339,721
Jose Vazquez	541,547	82,527	624,074

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 30 August 2019, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 29 August 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 Market Abuse Regulation.

For any enquiries relating to this announcement, please contact: 

Sian Hoskins

Assistant Company Secretary

Telephone: 01651 831681

This information is provided by RNS

The company news service from the London Stock Exchange

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