Last checked at 3 Sep 2018 11:30
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")
3 SEPTEMBER 2018
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
| Paul Geddes
| ||||||
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
| (i) Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2015 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii) Acquisition of vested Shares; and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||||
e)
| Date of the transaction
| 29 August 2018 | ||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||
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
| (i) Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2015 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii) Acquisition of vested Shares; (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv) Sale of 23,575 Shares remaining from balance.
| ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||||||
e)
| Date of the transaction
| 29 August 2018 | ||||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Mike Holliday-Williams
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Managing Director, Personal Lines / 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
| (i) Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2015 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii) Acquisition of vested Shares; and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||||
e)
| Date of the transaction
| 29 August 2018 | ||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Simon Linares | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Human Resources Director / 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
| (i) Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2015 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii) Acquisition of vested Shares; and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||||
e)
| Date of the transaction
| 29 August 2018 | ||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||
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
| (i) Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2015 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii) Acquisition of vested Shares; (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv) Sale of 28,110 Shares from remaining balance.
| ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||||||
e)
| Date of the transaction
| 29 August 2018 | ||||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||||
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
| (i) Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2015 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii) Acquisition of vested Shares; (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv) Sale of remaining balance of Shares.
| ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||||||
e)
| Date of the transaction
| 29 August 2018 | ||||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||||
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
| (i) Vesting of Shares (as nil cost options) under DLG Long Term Incentive Plan (the "LTIP") granted in August 2015 at a vesting rate of 60%. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP; (ii) Acquisition of vested Shares; (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv) Sale of 23,732 Shares of remaining balance.
| ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||||||
e)
| Date of the transaction
| 29 August 2018 | ||||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||||
For any enquiries relating to this announcement, please contact:
Simon Watson
Deputy Company Secretary
Telephone: 01651 831911