Direct Line Insurance Group PLC Director/PDMR Shareholding (8858U)
April 02 2019 - 11:00AM
UK Regulatory
TIDMDLG
RNS Number : 8858U
Direct Line Insurance Group PLC
02 April 2019
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ("PDMRS")
2 APRIL 2019
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.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 Financial Officer and CEO-designate
/ PDMR
-------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- ----------------------------------------------
b) Nature of the transaction (i) Award of five years nil cost options
under the Direct Line Insurance Group
plc 2012 Long Term Incentive Plan;
and
(ii) Award of three years nil cost
options under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan.
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 191,614
--------
(ii) Nil cost options 91,208
--------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 282,822
- Price N/A
-------------------------- ----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- ----------------------------------------------
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 Initial Notification
/Amendment
-------------------------- -----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------------
b) Nature of the transaction (i) Award of three years nil cost options
under the Direct Line Insurance Group
plc Deferred Annual Incentive Plan;
and
(ii) Award of three years nil cost
options under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan in respect of an adjustment to
2016's AIP out-turn for Ogden rate
changes. For further details please
see page 95 of DLG's 2018 Report &
Accounts.
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 111,570
--------
(ii) Nil cost options 31,386
--------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume 142,956
- Price N/A
-------------------------- -----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- -----------------------------------------------
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 Initial Notification
/Amendment
-------------------------- ----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- ----------------------------------------------
b) Nature of the transaction (i) Award of five years nil cost options
under the Direct Line Insurance Group
plc 2012 Long Term Incentive Plan;
(ii) Award of three years nil cost
options under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan; and
(iii) Award of three years nil cost
options under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan in respect of an adjustment to
2016's AIP out-turn for Ogden rate
changes. For further details please
see page 95 of DLG's 2018 Report &
Accounts.
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 159,702
--------
(ii) Nil cost options 64,761
--------
(iii)Nil cost options 18,218
--------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 242,681
- Price N/A
-------------------------- ----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- ----------------------------------------------
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 Initial Notification
/Amendment
-------------------------- -----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------------
b) Nature of the transaction (i) Award of three years nil cost options
under the Direct Line Insurance Group
plc 2012 Long Term Incentive Plan;
and
(ii) Award of three years nil cost
options, including an adjustment for
2016's AIP out-turn for Ogden rate
changes, under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan.
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 84,017
-------
(ii) Nil cost options 59,821
-------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume 143,838
- Price N/A
-------------------------- -----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- -----------------------------------------------
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 Officer / PDMR
-------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- -----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------------
b) Nature of the transaction (i) Award of three years nil cost options
under the Direct Line Insurance Group
plc 2012 Long Term Incentive Plan;
and
(ii) Award of three years nil cost
options, including an adjustment for
2016's AIP out-turn for Ogden rate
changes, under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan.
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 85,161
-------
(ii) Nil cost options 63,685
-------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume 148,846
- Price N/A
-------------------------- -----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- -----------------------------------------------
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 Initial Notification
/Amendment
-------------------------- -----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------------
b) Nature of the transaction (i) Award of three years nil cost options
under the Direct Line Insurance Group
plc 2012 Long Term Incentive Plan;
and
(ii) Award of three years nil cost
options, including an adjustment for
2016's AIP out-turn for Ogden rate
changes, under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan.
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 105,840
--------
(ii) Nil cost options 77,751
--------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume 183,591
- Price N/A
-------------------------- -----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- -----------------------------------------------
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 Initial Notification
/Amendment
-------------------------- -----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------------
b) Nature of the transaction (i) Award of three years nil cost options
under the Direct Line Insurance Group
plc 2012 Long Term Incentive Plan;
and
(ii) Award of three years nil cost
options, including an adjustment for
2016's AIP out-turn for Ogden rate
changes, under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan.
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 49,860
-------
(ii) Nil cost options 30,363
-------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume 80,223
- Price N/A
-------------------------- -----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- -----------------------------------------------
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 Initial Notification
/Amendment
-------------------------- -----------------------------------------------
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 Ordinary shares of 10 (10) /(11) pence
financial instrument, ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------------
b) Nature of the transaction (i) Award of three years nil cost options
under the Direct Line Insurance Group
plc 2012 Long Term Incentive Plan;
and
(ii) Award of three years nil cost
options under the Direct Line Insurance
Group plc Deferred Annual Incentive
Plan.
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price Volume
(i) Nil cost options 90,216
-------
(ii) Nil cost options 52,365
-------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume 142,581
- Price N/A
-------------------------- -----------------------------------------------
e) Date of the transaction 29 March 2019
-------------------------- -----------------------------------------------
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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