Direct Line Insurance Group PLC Director/PDMR Shareholding (4580E)

TIDMDLG

RNS Number : 4580E

Direct Line Insurance Group PLC

08 May 2017

DIRECT LINE INSURANCE GROUP PLC ("DLG")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them

DLG announces the following changes in the interests of a PDMR in DLG's ordinary shares of 10 (10) /(11) pence each.

On 3 May 2017, nil cost options over 40,231 Ordinary Shares vested from an outstanding award made on 27 May 2014, under DLG's Restricted Shares Plan ("RSP"), to Mike Holliday-Williams, a PDMR. In accordance with the rules of the RSP, a further 14,252 nil cost options also vested by way of dividend equivalents.

DLG was notified on 4 May 2017 that Mr Holliday-Williams had exercised his nil cost options over 54,483 Ordinary Shares. Mr Holliday-Williams then sold 26,212 Ordinary Shares at a price of GBP3.575209 each, to settle tax liabilities and dealing costs arising from the exercise. Mr Holliday-Williams retained 28,271 Ordinary Shares.

For any enquiries relating to this announcement, please contact:

Simon Watson

Deputy Company Secretary

Email: Simon.a.Watson@directlinegroup.co.uk

Telephone: 0165 1831911

 
 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             Ordinary shares of 10 (10) 
       the financial              /(11) pence ("Shares") 
       instrument, type 
       of instrument 
                                  GB00BY9D0Y18 
       Identification 
       code 
---  -------------------------  ------------------------------------------ 
 b)   Nature of the                       (i) Acquisition of Shares 
       transaction                         pursuant to the vesting of 
                                           nil cost options under the 
                                           DLG Restricted Shares Plan 
                                           (the "RSP"); and 
                                           (ii) Sale of Shares to settle 
                                           tax liabilities and dealing 
                                           costs arising from RSP vesting. 
---  -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s) 
                                    Price (s)           Volume (s) 
                                   ------------------  ----------- 
                                    (i) Nil             54,483 
                                   ------------------  ----------- 
                                    (ii) GBP3.575209    26,212 
                                   ------------------  ----------- 
---  -------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   N/A Single transaction 
       - Aggregated price 
---  -------------------------  ------------------------------------------ 
 e)   Date of the transaction         (i) 3 May 2017 
                                       (ii) 4 May 2017 
---  -------------------------  ------------------------------------------ 
 f)   Place of the transaction   The London Stock Exchange 
                                  (XLON) 
---  -------------------------  ------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHKVLBBDEFBBBB

(END) Dow Jones Newswires

May 08, 2017 05:30 ET (09:30 GMT)

Direct Line Insurance (LSE:DLG)
Historical Stock Chart
From Apr 2024 to May 2024