Last checked at 28 Mar 2018 16:15
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
28 March 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (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
| (i) & (ii) 26 March 2018 (iii) & (iv) 27 March 2018 | ||||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||||
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
| Sale of Shares
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 26 March 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (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
| (i) & (ii) 26 March 2018 (iii) & (iv) 27 March 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
| Sale of Shares
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 27 March 2018 | ||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Teresa Greenwood
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Person closely associated with Jonathan Greenwood (Managing Director, Commercial)
| ||||
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
| Sale of Shares
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 26 March 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (ii) Acquisition of vested Shares; (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iv) Sale of 59,458 Shares from remaining balance.
| ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable | ||||||||
e)
| Date of the transaction
| (i) & (ii) 26 March 2018 (iii) & (iv) 27 March 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (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
| (i) & (ii) 26 March 2018 (iii) 27 March 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (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
| (i) & (ii) 26 March 2018 (iii) & (iv) 27 March 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
| Sale of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 26 March 2018 | ||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| John Reizenstein
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Executive 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (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
| (i) & (ii) 26 March 2018 (iii) 27 March 2018 | ||||||
f)
| Place of the transaction
| The London Stock Exchange (XLON) | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Susan Reizenstein
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Person closely associated with John Reizenstein (Executive Director)
| ||||
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
| Sale of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 26 March 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (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
| (i) & (ii) 26 March 2018 (iii) & (iv) 27 March 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
| Sale of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 26 March 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 granted in March 2015 (as nil cost options) under the DLG 2012 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP"). The LTIP vested at 84.8% after the application of performance criteria. The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the LTIP and DAIP; (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
| (i) & (ii) 26 March 2018 (iii) & (iv) 27 March 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
| Sale of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 26 March 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