Direct Line Insurance Group PLC has disclosed a notification of transactions by Kate Syred, the Chief Customer Officer and a person discharging managerial responsibilities (PDMR). The transactions were made in accordance with the EU Market Abuse Regulation. The details of the transactions include the vesting and subsequent sale of ordinary shares, which were granted in March 2020 under the DLG Deferred Annual Incentive Plan. The sale of shares was to cover the costs of exercise, including tax and dealing costs, and from the remaining balance.
The transactions involved the sale of 53,416 shares at a price of £1.908031 per share. The vesting of shares included additional dividend equivalent shares, in accordance with the rules of the DAIP. The transactions took place on 27 March 2023 (off-market) and 2 April 2024 (The London Stock Exchange - XLON).
For any inquiries regarding the announcement, Roger Clifton, the Company Secretary, can be contacted via email at [email protected].
This notification provides transparency regarding the transactions made by a PDMR and persons closely associated with them, in line with regulatory requirements and the company's commitment to disclosure and accountability.