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Direct Line Insurance Group PLC
Remuneration Information • Sep 4, 2020
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1130Y
Direct Line Insurance Group PLC
04 September 2020
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
4 SEPTEMBER 2020
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 £2.96.
In the context of the effect on markets of COVID-19, the Remuneration Committee will continue to monitor the risk of 'windfall gains' and will take this into account when determining the final vesting outcome.
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.
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 fifth anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 276,013 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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
Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which vests on the fifth anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 180,743 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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 | 71,246 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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 | 104,539 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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
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 | 131,692 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Neil Manser
2
Reason for the notification
a)
Position/status
Chief Strategy 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 | 69,679 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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
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 |
| (i) Nil cost options | 80,962 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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 / 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 |
| (i) Nil cost options | 80,962 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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 | 62,040 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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
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 | 112,252 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
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 | 168,918 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
1 September 2020
f)
Place of the transaction
Outside of a trading venue.
For any enquiries relating to this announcement, please contact:
Roger Clifton
Company Secretary
Email: [email protected]
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