Direct Line Insurance Group PLC

Remuneration Information • Mar 27, 2014

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RNS Number : 3660D

Direct Line Insurance Group PLC

27 March 2014

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

27 MARCH 2014

DLG announces the following changes to the interests of PDMRs in DLG's ordinary shares of 10 pence each ("Ordinary Shares").

Direct Line Insurance Group plc 2012 Long-Term Incentive Plan ("LTIP")

DLG was notified yesterday of the grant of options to acquire Ordinary Shares under the LTIP to the following PDMRs in respect of the financial year ending 31 December 2013.  In accordance with the LTIP rules, the awards were granted on 26 March 2014 as nil-cost options.

PDMR	Interest in Ordinary Shares held under the LTIP before the transaction	Number of Ordinary Shares awarded	Price per Ordinary Share awarded (GBP)	Interest in Ordinary Shares under the LTIP following the transaction
	A	B		A+B
Paul Geddes	1,117,729	312,285	£2.4336	1,430,014
John Reizenstein	676,519	189,015	£2.4336	865,534
Jamie Brown	225,027	52,999	£2.4336	278,026
Darrell Evans	264,726	77,044	£2.4336	341,770
Jonathan Greenwood	303,330	84,748	£2.4336	388,078
Sarah Gomez	53,039	26,297	£2.4336	79,336
Steve Maddock	341,936	109,865	£2.4336	451,801
Angela Morrison	246,328	73,960	£2.4336	320,288
Humphrey Tomlinson	223,999	55,837	£2.4336	279,836
Jose Vazquez	393,488	103,588	£2.4336	497,076
Tom Woolgrove	468,784	111,328	£2.4336	580,112

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 25 March 2017, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 25 March 2024.

Direct Line Insurance Group plc Deferred Annual Incentive Plan ("DAIP")

DLG was also notified yesterday of the grant of options to acquire Ordinary Shares under the DAIP to the following PDMRs in respect of the financial year ending 31 December 2013.  In accordance with the DAIP rules, the awards were granted on 26 March 2014 as nil-cost options.

PDMR	Interest in Ordinary Shares held under DAIP before the transaction	Number of Ordinary Shares awarded	Price per Ordinary Share awarded (GBP)	Interest in Ordinary Shares held under DAIP following the transaction
	A	B		A+B
Paul Geddes	188,522	137,241	£2.4336	325,763
John Reizenstein	68,462	68,210	£2.4336	136,672
Rob Bailhache	16,693	14,464	£2.4336	31,157
Jamie Brown	23,025	22,021	£2.4336	45,046
Darrell Evans	33,387	32,872	£2.4336	66,259
Jonathan Greenwood	41,734	45,199	£2.4336	86,933
Sarah Gomez	7,845	12,491	£2.4336	20,336
Steve Maddock	54,254	54,239	£2.4336	108,493
Angela Morrison	25,040	36,981	£2.4336	62,021
Humphrey Tomlinson	25,040	24,654	£2.4336	49,694
Jose Vazquez	41,734	41,090	£2.4336	82,824
Tom Woolgrove	50,081	53,417	£2.4336	103,498

The DLG Remuneration Committee makes awards under the DAIP annually once the outcome of the Annual Incentive Plan for eligible executives is determined.  The awards will vest on 25 March 2017 and remain exercisable until 25 March 2024.

For further information on DLG's remuneration policy and implementation of the policy please see our 2013 Directors' Remuneration Report which is available at:  ara2013.directlinegroup.com.

This announcement is made in accordance with the requirements of DTR 3.1.4 R.

For any enquiries relating to this announcement, please contact: 

Christopher Smyth

Senior Assistant Company Secretary

Email: christohper.smyth@directlinegroup.co.uk 

Telephone: 01651 832 945

This information is provided by RNS

The company news service from the London Stock Exchange

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