REG - Direct Line Ins Grp - Director/PDMR Shareholding

Direct Line InsuranceAnnouncement

09/04/2024 17:00

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RNS Number : 8944J  Direct Line Insurance Group PLC  09 April 2024

Direct Line Insurance Group PLC

09 April 2024

 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
("PDMRs")

 

9 April 2024

 

Following the appointment of Adam Winslow as Chief Executive Officer on 1
March 2024, a Restricted Share Award pursuant to Listing Rule 9.4.2 ("RSA")
has been made to Mr Winslow over ordinary shares of 10 (10)/(11) pence each
in DLG. All remuneration arrangements are consistent with the terms of the
Directors' Remuneration Policy approved by shareholders at the AGM in May
2023.

 

RSP Awards

The Remuneration Committee made the following awards to Mr Winslow to
compensate him for remuneration arrangements forfeited on leaving Aviva.
Performance conditions do not apply to these awards.

 

 Scheme Replaced         Number of options awarded  Normal Vesting Date
 a) Deferred Bonus 2021  84,953                     8/4/2024

                         84,953                     21/3/2025
 b) Deferred Bonus 2022  83,726                     8/4/2024

                         83,726                     21/3/2025

                         83,727                     20/3/2026
 c) Deferred Bonus 2023  84,945                     28/3/2025

                         84,945                     27/3/2026

                         84,945                     25/3/2027

 

 

 Scheme Replaced  Number of options awarded  Normal Vesting Date
 a) 2021 LTIP     796,940                    8/4/2024
 b) 2022 LTIP     629,816                    21/3/2025
 c) 2023 LTIP     692,721                    20/3/2026

 

All RSP awards will accrue dividend equivalent shares until vesting.

 

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                                                         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                                    Nil cost option restricted share award pursuant to Listing Rule 9.4.2 ("RSA").

                                                            Performance conditions do not apply to these awards.

 c)   Price(s) and volume(s)

Price             Volume
                                                                   Nil cost options  2,795,397

 
 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

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