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RNS Number : 8018I Direct Line Insurance Group PLC 28 March 2024
DIRECT LINE INSURANCE GROUP PLC ("DLG")
Notification and public disclosure of transactions by persons discharging
managerial responsibilities ("PDMRs") and persons closely associated with them
28 MARCH 2024
The notification below is provided in accordance with the requirements of the
EU Market Abuse Regulation (as incorporated into UK domestic law by the
European Union (Withdrawal) Act 2018).
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 Ordinary shares of 10 (10)/(11) pence ("Shares")
Identification code
GB00BY9D0Y18
b) Nature of the transaction (i) Vesting of Shares granted in March 2021 (as nil cost
options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number
of Shares vesting included additional dividend equivalent Shares, in
accordance with the rules of the 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)
Price(s) Volume(s)
(i) & (ii) Nil 50,476
(iii) £1.98 23,784
d) Aggregated information
- Aggregated volume Not applicable
- Aggregated price
e) Date of the transaction (i) 26 March 2024
(ii) 27 March 2024
(iii) 28 March 2024
f) Place of the transaction (i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
Not applicable
e)
Date of the transaction
(i) 26 March 2024
(ii) 27 March 2024
(iii) 28 March 2024
f)
Place of the transaction
(i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
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 Ordinary shares of 10 (10)/(11) pence ("Shares")
Identification code
GB00BY9D0Y18
b) Nature of the transaction (i) Vesting of Shares granted in March 2021 (as nil cost
options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number
of Shares vesting included additional dividend equivalent Shares, in
accordance with the rules of the 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)
Price(s) Volume(s)
(i) & (ii) Nil 30,347
(iii) £1.94 14,299
d) Aggregated information
- Aggregated volume Not applicable
- Aggregated price
e) Date of the transaction (i) 26 March 2024
(ii) and (iii) 27 March 2024
f) Place of the transaction (i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
Not applicable
e)
Date of the transaction
(i) 26 March 2024
(ii) and (iii) 27 March 2024
f)
Place of the transaction
(i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
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 Ordinary shares of 10 (10)/(11) pence ("Shares")
Identification code
GB00BY9D0Y18
b) Nature of the transaction (i) Vesting of Shares granted in March 2021 (as nil cost
options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number
of Shares vesting included additional dividend equivalent Shares, in
accordance with the rules of the 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)
Price(s) Volume(s)
(i) & (ii) Nil 56,606
(iii) £1.94 26,672
d) Aggregated information
- Aggregated volume Not applicable
- Aggregated price
e) Date of the transaction (i) 26 March 2024
(ii) and (iii) 27 March 2024
f) Place of the transaction (i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
Not applicable
e)
Date of the transaction
(i) 26 March 2024
(ii) and (iii) 27 March 2024
f)
Place of the transaction
(i) & (ii) Off market
(iii) 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 Ordinary shares of 10 (10)/(11) pence ("Shares")
Identification code
GB00BY9D0Y18
b) Nature of the transaction (i) Vesting of Shares granted in March 2021 (as nil cost
options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number
of Shares vesting included additional dividend equivalent Shares, in
accordance with the rules of the 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)
Price(s) Volume(s)
(i) & (ii) Nil 37,246
(iii) £1.94 17,550
d) Aggregated information
- Aggregated volume Not applicable
- Aggregated price
e) Date of the transaction (i) 26 March 2024
(ii) and (iii) 27 March 2024
f) Place of the transaction (i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
Not applicable
e)
Date of the transaction
(i) 26 March 2024
(ii) and (iii) 27 March 2024
f)
Place of the transaction
(i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Victoria 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 Ordinary shares of 10 (10)/(11) pence ("Shares")
Identification code
GB00BY9D0Y18
b) Nature of the transaction (i) Vesting of Shares granted in March 2021 (as nil cost
options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number
of Shares vesting included additional dividend equivalent Shares, in
accordance with the rules of the 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)
Price(s) Volume(s)
(i) & (ii) Nil 61,183
(iii) £1.94 28,829
d) Aggregated information
- Aggregated volume Not applicable
- Aggregated price
e) Date of the transaction (i) 26 March 2024
(ii) and (iii) 27 March 2024
f) Place of the transaction (i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
Not applicable
e)
Date of the transaction
(i) 26 March 2024
(ii) and (iii) 27 March 2024
f)
Place of the transaction
(i) & (ii) Off market
(iii) The London Stock Exchange (XLON)
For any enquiries relating to this announcement, please contact:
Roger Clifton
Company Secretary
Email: Roger.Clifton@directlinegroup.co.uk
(mailto:Roger.Clifton@directlinegroup.co.uk)
LEI: 213800FF2R23ALJQOP04
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