REG - Direct Line Ins Grp - Director/PDMR Shareholding
08/04/2024 18:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240408:nRSH7409Ja&default-theme=true
RNS Number : 7409J Direct Line Insurance Group PLC 08 April 2024
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
("PDMRS")
8 APRIL 2024
In accordance with DLG's remuneration policy, awards under the DLG 2020 Long
Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan
(the "DAIP") have been granted to PDMRs over ordinary shares of 10 (10)/(11)
pence each in DLG. The number of shares awarded under the LTIP and the DAIP
is based on the average closing share price over the three trading days prior
to the date of grant, equal to £1.91.
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 the UK Market Abuse
Regulation.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Adam Winslow
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 Ordinary shares of 10 (10)/(11) pence ("Shares")
Identification code
GB00BY9D0Y18
b) Nature of the transaction Award of nil cost options under the Direct Line Insurance Group plc 2020 Long
Term Incentive Plan which normally vests on the third anniversary of the award
and is subject to an additional two-year post-vesting holding period.
c) Price(s) and volume(s)
Price Volume
Nil cost options 858,638
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
e) Date of the transaction 5 April 2024
f) Place of the transaction Off market.
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
5 April 2024
f)
Place of the transaction
Off market.
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) Award of nil cost options under the Direct Line Insurance
Group plc 2020 Long Term Incentive Plan which normally vests on the third
anniversary of the award and is subject to an additional two-year post-vesting
holding period; 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 572,108
(ii) Nil cost options 28,948
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
e) Date of the transaction 5 April 2024
f) Place of the transaction Off market.
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
5 April 2024
f)
Place of the transaction
Off market.
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 Award of three years' nil cost options under the Direct Line Insurance Group
plc 2020 Long Term Incentive Plan.
c) Price(s) and volume(s)
Price Volume
Nil cost options 236,064
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
e) Date of the transaction 5 April 2024
f) Place of the transaction Off market.
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
5 April 2024
f)
Place of the transaction
Off market.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ash Jokhoo
2 Reason for the notification
a) Position/status Chief Information 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 Award of three years' nil cost options under the Direct Line Insurance Group
plc 2020 Long Term Incentive Plan.
c) Price(s) and volume(s)
Price Volume
Nil cost options 277,722
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
e) Date of the transaction 5 April 2024
f) Place of the transaction Off market.
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
5 April 2024
f)
Place of the transaction
Off market.
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 Award of three years' nil cost options under the Direct Line Insurance Group
plc 2020 Long Term Incentive Plan.
c) Price(s) and volume(s)
Price Volume
Nil cost options 223,913
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
e) Date of the transaction 5 April 2024
f) Place of the transaction Off market.
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
5 April 2024
f)
Place of the transaction
Off market.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Vicky 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 Award of three years' nil cost options under the Direct Line Insurance Group
plc 2020 Long Term Incentive Plan.
c) Price(s) and volume(s)
Price Volume
Nil cost options 277,722
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price
e) Date of the transaction 5 April 2024
f) Place of the transaction Off market.
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
5 April 2024
f)
Place of the transaction
Off market.
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
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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHEVLFBZZLEBBVRecent news on Direct Line Insurance
See all newsREG - Direct Line Ins Grp - Holding(s) in Company
AnnouncementREG - Direct Line Ins Grp - Result of AGM
AnnouncementREG - Direct Line Ins Grp - Trading Update for Q1 2024
AnnouncementREG - Direct Line Ins Grp - Significant Leadership Change
AnnouncementREG - Direct Line Ins Grp - Director/PDMR Shareholding
Announcement