Search
Regulatory Story
Company Direct Line Insurance Group PLC
TIDM DLG
Headline Director/PDMR Shareholding
Released 16:00 02-Apr-2019
Number 8858U16

RNS Number : 8858U
Direct Line Insurance Group PLC
02 April 2019
 

DIRECT LINE INSURANCE GROUP PLC ("DLG")

 

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

 

2 APRIL 2019

 

In accordance with DLG's remuneration policy, awards under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan (the "LTIP") and the Direct Line Insurance Group plc Deferred Annual Incentive Plan (the "DAIP") have been granted to PDMRs over ordinary shares of 10 10/11 pence each in DLG.

 

For further information on DLG's remuneration policy please see our Directors' Remuneration Report which is available at:  www.directlinegroup.co.uk

 

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

 

 

Penny James

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer and CEO-designate / 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)         Award of five years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and

(ii)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

191,614

(ii) Nil cost options

  91,208

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

282,822

N/A  

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

The London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Paul Geddes

 

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

 

Identification code

 

 

Ordinary shares of 10 10/11 pence ("Shares")

 

 

 

GB00BY9D0Y18

 

b)

 

Nature of the transaction

 

 

(i)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan; and

(ii)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan in respect of an adjustment to 2016's AIP out-turn for Ogden rate changes.  For further details please see page 95 of DLG's 2018 Report & Accounts.

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

111,570

(ii) Nil cost options

31,386

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

142,956

N/A  

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

The London Stock Exchange (XLON)

 

 

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 /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)         Award of five years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan;

(ii)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan; and

(iii)        Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan in respect of an adjustment to 2016's AIP out-turn for Ogden rate changes.  For further details please see page 95 of DLG's 2018 Report & Accounts.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

159,702

(ii) Nil cost options

  64,761

(iii)Nil cost options

  18,218

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

242,681

N/A

 

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

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 /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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and

(ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

84,017

(ii) Nil cost options

59,821

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

143,838

N/A

 

 

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

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 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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and

(ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

  85,161

(ii) Nil cost options

  63,685

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

148,846

N/A

 

 

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

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 /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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and

(ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

105,840

(ii) Nil cost options

  77,751

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

183,591

N/A

 

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

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 10 10/11 pence ("Shares")

 

 

 

GB00BY9D0Y18

 

b)

 

Nature of the transaction

 

 

(i)         Award of three years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and

(ii)         Award of three years nil cost options, including an adjustment for 2016's AIP out-turn for Ogden rate changes, under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

49,860

(ii) Nil cost options

30,363

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

80,223

N/A

 

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

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 /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)         Award of three years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and

(ii)         Award of three years nil cost options under the Direct Line Insurance Group plc Deferred Annual Incentive Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price

Volume

(i) Nil cost options

90,216

(ii) Nil cost options

52,365

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

142,581

N/A

 

 

e)

 

Date of the transaction

 

 

29 March 2019

f)

 

Place of the transaction

 

 

The London Stock Exchange (XLON)

 

For any enquiries relating to this announcement, please contact: 

 

Simon Watson

Deputy Company Secretary

Telephone: 01651 831911

 

 

 

 


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
 
 
DSHZLLFBKZFFBBK
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.