Direct Line Insurance Group PLC

Director's Dealing • Sep 1, 2022

National Storage Mechanism | Additional information

RNS Number : 9860X

Direct Line Insurance Group PLC

01 September 2022

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

1 SEPTEMBER 2022

In accordance with DLG's remuneration policy, awards under the DLG 2020 Long Term Incentive Plan (the "LTIP") have been granted to PDMRs over ordinary shares of 10 10/11 pence each in DLG. The number of shares awarded under the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £2.09.

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	390,909

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

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

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	246,411

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

f)

Place of the transaction

Off market.

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 Sales, Service and 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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	107,655

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	100,904

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

f)

Place of the transaction

Off market.

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	101,674

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	148,056

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

f)

Place of the transaction

Off market.

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	119,617

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

f)

Place of the transaction

Off market.

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	98,684

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

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, 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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	122,607

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	96,441

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

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

Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the third anniversary of the award.

c)

Price(s) and volume(s)

Price	Volume
Nil cost options	119,617

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction  

e)

Date of the transaction

30 August 2022

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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