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Direct Line Insurance Group PLC
Remuneration Information • Apr 3, 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2030V
Direct Line Insurance Group PLC
03 April 2023
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
3 APRIL 2023
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 £1.37.
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 the UK Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jonathan Greenwood
2
Reason for the notification
a)
Position/status
Acting 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, subject to performance conditions, 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 | 1,058,394 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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, subject to performance conditions, 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 | 751,824 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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, subject to performance conditions, vests on the third anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 328,467 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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, subject to performance conditions, vests on the third anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 310,218 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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, subject to performance conditions, vests on the third anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 364,963 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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, subject to performance conditions, vests on the third anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 301,094 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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
Chief Customer 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, subject to performance conditions, vests on the third anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 374,087 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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, subject to performance conditions, vests on the third anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 294,251 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
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, subject to performance conditions, vests on the third anniversary of the award.
c)
Price(s) and volume(s)
| Price | Volume |
| Nil cost options | 364,963 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
30 March 2023
f)
Place of the transaction
Off market.
For any enquiries relating to this announcement, please contact:
Roger Clifton
Company Secretary
Email: [email protected]
LEI: 213800FF2R23ALJQOP04
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