Direct Line Insurance Group PLC

Director's Dealing • Aug 31, 2017

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RNS Number : 4169P

Direct Line Insurance Group PLC

31 August 2017

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

31 AUGUST 2017

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Geddes

2

Reason for the notification

a)

Position/status

Chief Executive 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)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2014 at a vesting rate of 79.2%.  249,103 Shares vested (including 58,972 Dividend Equivalent Shares).

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs.

c)

Price(s) and volume(s)

Price (s)	Volume (s)
(i) & (ii)  Nil	249,103
(iii) £3.8019	117,490

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

29 August 2017

f)

Place of the transaction

The London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Greenwood

2

Reason for the notification

a)

Position/status

Managing Director, Commercial / 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)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2014 at a vesting rate of 79.2%. 67,601 Shares vested (including 16,003 Dividend Equivalent Shares).

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs.

c)

Price(s) and volume(s)

Price (s)	Volume (s)
(i) & (ii)  Nil	67,601
(iii) £3.8019	31,885

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

29 August 2017

f)

Place of the transaction

The London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mike Holliday-Williams

2

Reason for the notification

a)

Position/status

Managing Director, Personal Lines / 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)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2014 at a vesting rate of 79.2%. 258,115 Shares vested (including 61,105 Dividend Equivalent Shares).

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs.

c)

Price(s) and volume(s)

Price (s)	Volume (s)
(i) & (ii)  Nil	258,115
(iii) £3.8019	121,741

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

29 August 2017

f)

Place of the transaction

The London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steve Maddock

2

Reason for the notification

a)

Position/status

Chief Operating 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)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2014 at a vesting rate of 79.2%. 76,205 Shares vested (including 18,040 Dividend Equivalent Shares).

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs.

c)

Price(s) and volume(s)

Price (s)	Volume (s)
(i) & (ii)  Nil	76,205
(iii) £3.8019	35,943

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

29 August 2017

f)

Place of the transaction

The London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Reizenstein

2

Reason for the notification

a)

Position/status

Chief Financial 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)         Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2014 at a vesting rate of 79.2%. 150,771 Shares vested (including 35,694 Dividend Equivalent Shares).

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of exercise including tax and dealing costs.

c)

Price(s) and volume(s)

Price (s)	Volume (s)
(i) & (ii)  Nil	150,771
(iii) £3.8019	71,112

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

29 August 2017

f)

Place of the transaction

The London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Humphrey Tomlinson

2

Reason for the notification

a)

Position/status

General Counsel / 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)          Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2014 at a vesting rate of 79.2%. 52,398 Shares vested (including 12,404 Dividend Equivalent Shares).

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of           

exercise including tax and dealing costs.

c)

Price(s) and volume(s)

Price (s)	Volume (s)
(i) & (ii)  Nil	52,398
(iii) £3.8019	24,714

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

29 August 2017

f)

Place of the transaction

The London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jose Vazquez

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)          Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2014 at a vesting rate of 79.2%. 97,210 Shares vested (including 23,012 Dividend Equivalent Shares).

(ii)         Acquisition of vested Shares; and

(iii)        Sale of Shares to cover the costs of           

exercise including tax and dealing   

costs.

c)

Price(s) and volume(s)

Price (s)	Volume (s)
(i) & (ii)  Nil	97,210
(iii) £3.8019	45,850

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

29 August 2017

f)

Place of the transaction

The London Stock Exchange (XLON)

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

END

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