DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
28 MARCH 2023
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 |
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 Identification code |
Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18 |
|
b) |
Nature of the transaction |
(i) Vesting of Shares granted in March 2020 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the DAIP; (ii) Acquisition of vested Shares; and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs. |
|
c) |
Price(s) and volume(s) |
|
Price (s) |
Volume (s) |
|
(i) & (ii) Nil |
53,289 |
|
|
(iii) £1.377 |
25,109 |
|
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable |
|
e) |
Date of the transaction |
(i) 27 March 2023 (ii) & (iii) 28 March 2023 |
|
f) |
Place of the transaction |
(i) & (ii) Off market (iii) The London Stock Exchange (XLON) |
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Jessie Burrows |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Managing Director, Customer Sales, Service & Claims / 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 Identification code |
Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18 |
|
b) |
Nature of the transaction |
(i) Vesting of Shares granted in March 2020 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the DAIP; (ii) Acquisition of vested Shares; and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs. |
|
c) |
Price(s) and volume(s) |
|
Price (s) |
Volume (s) |
|
(i) & (ii) Nil |
45,145 |
|
|
(iii) £1.377 |
21,272 |
|
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable |
|
e) |
Date of the transaction |
(i) 27 March 2023 (ii) & (iii) 28 March 2023 |
|
f) |
Place of the transaction |
(i) & (ii) Off market (iii) The London Stock Exchange (XLON) |
|
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 Identification code |
Ordinary shares of 10 10/11 pence ("Shares") GB00BY9D0Y18 |
|
b) |
Nature of the transaction |
(i) Vesting of Shares granted in March 2020 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the DAIP; (ii) Acquisition of vested Shares; and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs. |
|
c) |
Price(s) and volume(s) |
|
Price (s) |
Volume (s) |
|
(i) & (ii) Nil |
36,095 |
|
|
(iii) £1.377 |
17,008 |
|
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable |
|
e) |
Date of the transaction |
(i) 27 March 2023 (ii) & (iii) 28 March 2023 |
|
f) |
Place of the transaction |
(i) & (ii) Off market (iii) 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 |
Acting 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 Identification code |
Ordinary shares of 1010/11pence ("Shares") GB00BY9D0Y18 |
|
b) |
Nature of the transaction |
(i) Vesting of Shares granted in March 2020 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the DAIP; (ii) Acquisition of vested Shares;and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs. |
|
c) |
Price(s) and volume(s) |
|
Price (s) |
Volume (s) |
|
(i) & (ii) Nil |
92,440 |
|
|
(iii) £1.377 |
43,556 |
|
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable |
|
e) |
Date of the transaction |
(i) 27 March 2023 (ii) & (iii) 28 March 2023 |
|
f) |
Place of the transaction |
(i) & (ii) Off market (iii) The London Stock Exchange (XLON) |
|
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 Identification code |
Ordinary shares of 1010/11pence ("Shares") GB00BY9D0Y18 |
|
b) |
Nature of the transaction |
(i) Exercise of a nil cost award under the Restricted Share Plan which vested on 27 March 2023; (ii) Sale of Shares to cover the costs of exercise including tax and dealing costs; and (iii) Sale of Shares from the remaining balance. |
|
c) |
Price(s) and volume(s) |
|
Price (s) |
Volume (s) |
|
(i) Nil |
159,949 |
|
|
(ii) £1.377 |
75,576 |
|
(iii) £1.377 |
84,373 |
|
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable |
|
e) |
Date of the transaction |
28 March 2023 |
|
f) |
Place of the transaction |
(i) Off market (ii) & (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 /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 Identification code |
Ordinary shares of 1010/11pence ("Shares") GB00BY9D0Y18 |
|
b) |
Nature of the transaction |
(i) Vesting of Shares granted in March 2020 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP"). The number of Shares vesting includes additional dividend equivalent Shares, in accordance with the rules of the DAIP; (ii) Acquisition of vested Shares;and (iii) Sale of Shares to cover the costs of exercise including tax and dealing costs. |
|
c) |
Price(s) and volume(s) |
|
Price (s) |
Volume (s) |
|
(i) & (ii) Nil |
45,715 |
|
(iii) £1.377 |
21,540 |
|
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable |
|
e) |
Date of the transaction |
(i) 27 March 2023 (ii) & (iii) 28 March 2023 |
|
f) |
Place of the transaction |
(i) & (ii) Off market (iii) The London Stock Exchange (XLON) |
For any enquiries relating to this announcement, please contact:
Roger Clifton
Company Secretary
Email: [email protected]
LEI: 213800FF2R23ALJQOP04
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