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Direct Line Insurance Group PLC
Director's Dealing • Apr 1, 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 9510G
Direct Line Insurance Group PLC
01 April 2022
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
1 APRIL 2022
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) Vesting of Shares granted in March 2019 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the DAIP;
(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 | 114,380 |
| (iii) £2.738 | 53,894 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Neil Manser
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 granted in March 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 60% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;
(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 | 58,023 |
| (iii) £2.738 | 27,340 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) & (iv) The London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jessie Burrows
2
Reason for the notification
a)
Position/status
Managing Director, Customer Sales, Service & Claims / 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 granted in March 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 60% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;
(ii) Acquisition of vested Shares;
(iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and
(iv) Sale of 25,949 Shares from remaining balance.
c)
Price(s) and volume(s)
| Price (s) | Volume (s) |
| (i) & (ii) Nil | 49,193 |
| (iii) £2.738 | 23,244 |
| (iv) £2.738 | 25,949 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) & (iv) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) & (iv) The London Stock Exchange (XLON)
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) Vesting of Shares granted in March 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 60% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;
(ii) Acquisition of vested Shares;
(iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and
(iv) Sale of 15,294 Shares from remaining balance.
c)
Price(s) and volume(s)
| Price (s) | Volume (s) |
| (i) & (ii) Nil | 52,814 |
| (iii) £2.738 | 24,923 |
| (iv) £2.738 | 15,294 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) & (iv) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) & (iv) The London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jasvinder Gakhal
2
Reason for the notification
a)
Position/status
Managing Director, Motor / 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 granted in March 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 60% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;
(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 | 49,122 |
| (iii) £2.738 | 23,146 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) & (iv) 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 granted in March 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 60% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;
(ii) Acquisition of vested Shares;
(iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and
(iv) Sale of 72,918 Shares from remaining balance.
c)
Price(s) and volume(s)
| Price (s) | Volume (s) |
| (i) & (ii) Nil | 138,234 |
| (iii) £2.738 | 65,316 |
| (iv) £2.738 | 72,918 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) & (iv) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) & (iv) 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) Exercise of a nil cost award under the Restricted Share Plan which vested on 1 October 2021;
(ii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and
(iii) Sale of 60,612 Shares from remaining balance.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| (i) Nil | 114,905 |
| (ii) £2.738 | 54,293 |
| (iii) £2.738 | 60,612 |
d)
Aggregated information
- Aggregated volume
- Aggregated price
Not applicable
e)
Date of the transaction
(i)&(ii)&(iii) 30 March 2022
f)
Place of the transaction
(i) Off market
(ii) & (iii) The London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Aurore Lecanon
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) Exercise of a nil cost award under the Restricted Share Plan which vested on 29 March 2022; and
(ii) 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) Nil | 26,126 |
| (ii) £2.738 | 12,310 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) 30 March 2022
f)
Place of the transaction
(i) Off market
(ii) The London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ash Jokhoo
2
Reason for the notification
a)
Position/status
Chief Information 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) Exercise of a nil cost award under the Restricted Share Plan which vested on 29 March 2022;
(ii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and
(iii) Sale of 40,000 Shares from remaining balance.
c)
Price(s) and volume(s)
| Price (s) | Volume (s) |
| (i) Nil | 123,076 |
| (ii) £2.738 | 57,991 |
| (iii) £2.771 | 40,000 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) 30 March 2022
(iii) 31 March 2022
f)
Place of the transaction
(i) Off market
(ii) & (iii) The London Stock Exchange (XLON)
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, 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) Vesting of Shares granted in March 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 60% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;
(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 | 54,393 |
| (iii) £2.738 | 25,629 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) 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 granted in March 2019 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 60% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP;
(ii) Acquisition of vested Shares;
(iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and
(iv) Sale of 20,085 Shares from remaining balance.
c)
Price(s) and volume(s)
| Price (s) | Volume (s) |
| (i) & (ii) Nil | 75,590 |
| (iii) £2.738 | 35,667 |
| (iv) £2.738 | 20,085 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
(i) 29 March 2022
(ii) & (iii) & (iv) 30 March 2022
f)
Place of the transaction
(i) & (ii) Off market
(iii) & (iv) The London Stock Exchange (XLON)
For any enquiries relating to this announcement, please contact:
Roger Clifton
Company Secretary
Email: [email protected]
LEI: 213800FF2R23ALJQOP04
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