Direct Line Insurance Group PLC Director/PDMR Shareholding (0840L)
September 03 2019 - 10:00AM
UK Regulatory
TIDMDLG
RNS Number : 0840L
Direct Line Insurance Group PLC
03 September 2019
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ("PDMRs")
3 SEPTEMBER 2019
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 Mark Evans
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Managing Director of Marketing &
Digital / 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- ------------------------------------------
b) Nature of the transaction (i) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes
additional dividend equivalent Shares,
in accordance with the rules of the
LTIP;
(ii) Acquisition of vested Shares;
(iii) Sale of Shares to cover the
costs of exercise including tax and
dealing costs; and
(iv) Sale of 2,884 Shares from remaining
balance (retained 11,094 shares).
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 26,450
-----------
(iii) 2.8492 12,472
-----------
(iv) 2.8492 2,884
-----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ------------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii)&(iv) 2 September 2019
-------------------------- ------------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(iii)&(iv) 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) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes additional
dividend equivalent Shares, in accordance
with the rules of the LTIP;
(ii) Acquisition of vested Shares;
and
(iii) Sale of Shares to cover the costs
of exercise including tax and dealing
costs (retained 25,083 shares).
-------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 47,437
-----------
(iii) 2.8492 22,354
-----------
-------------------------- -------------------------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- -------------------------------------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii) 2 September 2019
-------------------------- -------------------------------------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(iii) 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 Director / 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------
b) Nature of the transaction (i) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes
additional dividend equivalent Shares,
in accordance with the rules of the
LTIP;
(ii) Acquisition of vested Shares;
and
(iii) Sale of Shares to cover the
costs of exercise including tax and
dealing costs (retained 30,101 shares).
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 56,925
-----------
(iii) 2.8492 26,824
-----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- -----------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii) 2 September 2019
-------------------------- -----------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(iii) 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -------------------------------------------
b) Nature of the transaction (i) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes
additional dividend equivalent Shares,
in accordance with the rules of the
LTIP;
(ii) Acquisition of vested Shares;
(iii) Sale of Shares to cover the
costs of exercise including tax and
dealing costs; and
(iv) Sale of 11,843 Shares from remaining
balance (retained 21,574 shares).
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 63,250
-----------
(iii) 2.8492 29,833
-----------
(iv) 2.8492 11,843
-----------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- -------------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii)&(iv) 2 September 2019
-------------------------- -------------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(iii)&(iv) The London Stock Exchange
(XLON).
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neil Manser
-------------------------- ----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Interim Chief Financial 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) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes additional
dividend equivalent Shares, in accordance
with the rules of the LTIP;
(ii) Acquisition of vested Shares;
and
(iii) Sale of Shares to cover the costs
of exercise including tax and dealing
costs (retained 12,507 shares)
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 23,655
-----------
(iii) 2.8492 11,148
-----------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ----------------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii) 2 September 2019
-------------------------- ----------------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(iii) The London Stock Exchange (XLON).
-------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gus Park
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Managing Director of Motor, Pricing
& Underwriting / 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------
b) Nature of the transaction (i) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes
additional dividend equivalent Shares,
in accordance with the rules of the
LTIP;
(ii) Acquisition of vested Shares;
and
(iii) Sale of Shares to cover the
costs of exercise including tax and
dealing costs (retained 13,688 shares)
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 25,888
-----------
(iii) 2.8492 12,200
-----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- -----------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii) 2 September 2019
-------------------------- -----------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(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 Managing Director of Household &
Partnerships / 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------
b) Nature of the transaction (i) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes
additional dividend equivalent Shares,
in accordance with the rules of the
LTIP;
(ii) Acquisition of vested Shares;
and
(iii) Sale of Shares to cover the
costs of exercise including tax and
dealing costs (retained 12,379 shares).
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 23,412
-----------
(iii) 2.8492 11,033
-----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- -----------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii) 2 September 2019
-------------------------- -----------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(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 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- ---------------------------------------------------
b) Nature of the transaction (i) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes
additional dividend equivalent Shares,
in accordance with the rules of the
LTIP;
(ii) Acquisition of vested Shares;
and
(iii) Sale of Shares to cover the
costs of exercise including tax and
dealing costs; and
(iv) Sale of 9,418 Shares from remaining
balance (retained 8,831 shares).
-------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 34,556
-----------
(iii) 2.8492 16,307
-----------
(iv) 2.8492 9,418
-----------
-------------------------- ---------------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- ---------------------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii)&(iv) 2 September 2019
-------------------------- ---------------------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(iii)&(iv) 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)
financial instrument, pence ("Shares")
type of instrument
Identification code
GB00BY9D0Y18
-------------------------- -----------------------------------------------
b) Nature of the transaction (i) Vesting of Shares (as nil cost
options) under DLG Long Term Incentive
Plan (the "LTIP") granted in August
2016 at a vesting rate of 60%. The
number of Shares vesting includes
additional dividend equivalent Shares,
in accordance with the rules of the
LTIP;
(ii) Acquisition of vested Shares;
and
(iii) Sale of Shares to cover the
costs of exercise including tax and
dealing costs; and
(iv) Sale of 9,658 Shares from remaining
balance (retained 23,381 shares).
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
(i) & (ii) Nil 62,525
-----------
(iii) 2.8492 29,486
-----------
(iv) 2.8492 9,658
-----------
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
-------------------------- -----------------------------------------------
e) Date of the transaction (i) 30 August 2019
(ii)&(iii)&(iv) 2 September 2019
-------------------------- -----------------------------------------------
f) Place of the transaction (i)&(ii) Outside of a trading venue.
(iii)&(iv) The London Stock Exchange
(XLON).
-------------------------- -----------------------------------------------
For any enquiries relating to this announcement, please
contact:
Victoria Hart
Deputy Company Secretary
Telephone: 0165 1832106
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
DSHXXLFBKKFLBBL
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September 03, 2019 10:00 ET (14:00 GMT)
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