Direct Line Insurance Group PLC

Remuneration Information • Aug 29, 2014

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RNS Number : 3816Q

Direct Line Insurance Group PLC

29 August 2014

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

29 AUGUST 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 today granted options to acquire Ordinary Shares under the LTIP to the following PDMRs in respect of the financial year ending 31 December 2014.  In accordance with the LTIP rules, the awards were granted on 29 August 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	1,430,014	261,888	£2.902	1,691,902
John Reizenstein	865,534	158,511	£2.902	1,024,045
Jamie Brown	278,026	49,691	£2.902	327,717
Sarah Gomez	79,336	22,053	£2.902	101,389
Jonathan Greenwood	388,078	71,071	£2.902	459,149
Mike Holliday-Williams	Nil	271,364	£2.902	271,364
Steve Maddock	451,801	80,117	£2.902	531,918
Angela Morrison	320,288	62,024	£2.902	382,312
Humphrey Tomlinson	279,836	55,089	£2.902	334,925
Jose Vazquez	497,076	102,201	£2.902	599,277

DLG's policy is to make awards under the LTIP twice a year following the announcement of DLG's full and half-year results respectively. The awards will vest on 29 August 2017, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 29 August 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: christopher.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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