DIRECT LINE INSURANCE GROUP PLC ("DLG")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them
28 MARCH 2024
The notification below is provided in accordance with the requirements of the EU Market Abuse Regulation (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018).
| 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 2021 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number of Shares vesting included 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)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Aggregated price
|
Not applicable | ||||||
| e)
| Date of the transaction
| (i) 26 March 2024 (ii) 27 March 2024 (iii) 28 March 2024
| ||||||
| 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 2021 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number of Shares vesting included 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)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Aggregated price
|
Not applicable | ||||||
| e)
| Date of the transaction
| (i) 26 March 2024 (ii) and (iii) 27 March 2024 | ||||||
| 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
| Kate Syred | ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| Chief Customer 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 2021 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number of Shares vesting included 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)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Aggregated price
|
Not applicable | ||||||
| e)
| Date of the transaction
| (i) 26 March 2024 (ii) and (iii) 27 March 2024 | ||||||
| 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
| 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) Vesting of Shares granted in March 2021 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number of Shares vesting included 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)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Aggregated price
|
Not applicable | ||||||
| e)
| Date of the transaction
| (i) 26 March 2024 (ii) and (iii) 27 March 2024 | ||||||
| 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
| Victoria Wallis | ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| Chief People 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 2021 (as nil cost options) under the DLG Deferred Annual Incentive Plan (the "DAIP.") The number of Shares vesting included 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)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Aggregated price
|
Not applicable | ||||||
| e)
| Date of the transaction
| (i) 26 March 2024 (ii) and (iii) 27 March 2024 | ||||||
| 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: Roger.Clifton@directlinegroup.co.uk
LEI: 213800FF2R23ALJQOP04
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