Direct Line Insurance Group PLC

Director's Dealing • Apr 1, 2021

National Storage Mechanism | Additional information

RNS Number : 3880U

Direct Line Insurance Group PLC

01 April 2021

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

1 APRIL 2021

In accordance with DLG's remuneration policy, awards under the DLG 2020 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP") have been granted to PDMRs over ordinary shares of 10 10/11 pence each in DLG. The number of shares awarded under the DAIP and the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £3.15.

For further information on DLG's remuneration policy please see our Directors' Remuneration Report which is available at:  www.directlinegroup.co.uk

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014(as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018).

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Penny James

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)         Award of five years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	259,365
(ii) Nil cost options	148,101

d)

Aggregated information

- Aggregated volume

- Price

407,466

N/A  

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Harris

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)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	97,488

d)

Aggregated information

- Aggregated volume

- Price

97,488

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Evans

2

Reason for the notification

a)

Position/status

Managing Director of Marketing & Digital/ 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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	66,949
(ii) Nil cost options	43,677

d)

Aggregated information

- Aggregated volume

- Price

110,626

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	98,234
(ii) Nil cost options	64,086

d)

Aggregated information

- Aggregated volume

- Price

162,320

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	123,749
(ii) Nil cost options	80,733

d)

Aggregated information

- Aggregated volume

- Price

204,482

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Manser

2

Reason for the notification

a)

Position/status

Acting 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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	65,476
(ii) Nil cost options	42,952

d)

Aggregated information

- Aggregated volume

- Price

108,428

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gus Park

2

Reason for the notification

a)

Position/status

Managing Director of Motor, Pricing & Underwriting/ 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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	76,078
(ii) Nil cost options	49,633

d)

Aggregated information

- Aggregated volume

- Price

125,711

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kate Syred

2

Reason for the notification

a)

Position/status

Managing Director of Household, Partnerships & Data/ 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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	76,078
(ii) Nil cost options	48,168

d)

Aggregated information

- Aggregated volume

- Price

124,246

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	58,298
(ii) Nil cost options	31,694

d)

Aggregated information

- Aggregated volume

- Price

89,992

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

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)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	66,297

d)

Aggregated information

- Aggregated volume

- Price

66,297

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Vicky Wallis

2

Reason for the notification

a)

Position/status

Chief People 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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan; and

(ii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

c)

Price(s) and volume(s)

Price	Volume
(i) Nil cost options	79,365
(ii) Nil cost options	52,063

d)

Aggregated information

- Aggregated volume

- Price

131,428

N/A

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Off market

For any enquiries relating to this announcement, please contact: 

Roger Clifton

Company Secretary

Email:  Roger.Clifton@directlinegroup.co.uk

LEI: 213800FF2R23ALJQOP04

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