27 Mar 2018 15:30
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
27 MARCH 2018
In accordance with DLG's remuneration policy, awards under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan (the "LTIP") and the Direct Line Insurance Group plc Deferred Annual Incentive Plan (the "DAIP") have been granted to PDMRs over ordinary shares of 10 10/11 pence each in DLG.
For further information on DLG's remuneration policy please see our Directors' Remuneration Report which is available at: www.directlinegroup.com.
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) Award of five year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
342,405 N/A
| ||||||
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) Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
128,870 N/A | ||||||
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) Award of five year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
219,287 N/A
| ||||||
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
| Penny James
| ||||||
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
| (i) Award of five year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Deferred Annual Incentive Plan. The award includes a buy-out award for the period 1 January 2017 to 31 October 2017.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
283,036 N/A
| ||||||
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
| 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) Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
125,730 N/A
| ||||||
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
| 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) Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
162,343 N/A
| ||||||
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
| Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction
| ||||
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) Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
67,957 N/A
| ||||||
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) Award of three year nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (ii) Award of three year nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
131,633 N/A
| ||||||
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
Direct Line (DLG)