DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
8 APRIL 2024
In accordance with DLG's remuneration policy, awards under the DLG 2020 Long Term Incentive Plan (the "LTIP") and the DLG Deferred Annual Incentive Plan (the "DAIP") have been granted to PDMRs over ordinary shares of 10 10/11 pence each in DLG. The number of shares awarded under the LTIP and the DAIP is based on the average closing share price over the three trading days prior to the date of grant, equal to £1.91.
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 the UK Market Abuse Regulation.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Adam Winslow
| ||||
| 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
| Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which normally vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||
| e)
| Date of the transaction
| 5 April 2024 | ||||
| f)
| Place of the transaction
| Off market. | ||||
| 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) Award of nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan which normally vests on the third anniversary of the award and is subject to an additional two-year post-vesting holding period; 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)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 5 April 2024 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 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
| Award of three years' nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction
| ||||
| e)
| Date of the transaction
| 5 April 2024 | ||||
| f)
| Place of the transaction
| Off market. | ||||
| 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 10 10/11 pence ("Shares")
GB00BY9D0Y18
| ||||
| b)
| Nature of the transaction
| Award of three years' nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction
| ||||
| e)
| Date of the transaction
| 5 April 2024 | ||||
| f)
| Place of the transaction
| Off market. | ||||
| 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
| Award of three years' nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||
| e)
| Date of the transaction
| 5 April 2024 | ||||
| f)
| Place of the transaction
| Off market. | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Vicky 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
| Award of three years' nil cost options under the Direct Line Insurance Group plc 2020 Long Term Incentive Plan.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction
| ||||
| e)
| Date of the transaction
| 5 April 2024 | ||||
| f)
| Place of the transaction
| Off market. | ||||
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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