Direct Line Insurance Group PLC Director/PDMR Shareholding (5789I)

TIDMDLG

RNS Number : 5789I

Direct Line Insurance Group PLC

31 August 2016

DIRECT LINE INSURANCE GROUP PLC ("DLG")

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

31 AUGUST 2016

DLG announces the following changes in the interests of PDMRs in DLG's ordinary shares of

10 (10) /(11) pence each ("Ordinary Shares").

Direct Line Insurance Group plc 2012 Long-Term Incentive Plan ("LTIP")

DLG granted options to acquire Ordinary Shares under the LTIP to the following PDMRs in respect of the financial year ending 31 December 2016. In accordance with the LTIP Rules, the awards were granted on 30 August 2016 as nil-cost options and the market price used to calculate the number of nil-cost options awarded was 368.33p per share.

 
          PDMR                 Interest          Number          Interest 
                              in Ordinary      of nil-cost      in Ordinary 
                                Shares           options          Shares 
                              held under          over             under 
                               the LTIP         Ordinary         the LTIP 
                                before           Shares          following 
                            the transaction      awarded      the transaction 
------------------------  -----------------  -------------  ----------------- 
                                  A                B               A+B 
------------------------  -----------------  -------------  ----------------- 
 Paul Geddes                  1,964,394         215,730         2,180,124 
------------------------  -----------------  -------------  ----------------- 
 John Reizenstein             1,474,932         130,562         1,605,494 
------------------------  -----------------  -------------  ----------------- 
 Jonathan Greenwood            411,728           62,613          474,341 
------------------------  -----------------  -------------  ----------------- 
 Mike Holliday-Williams        575,001          109,568          684,569 
------------------------  -----------------  -------------  ----------------- 
 Simon Linares                 211,216           75,136          286,352 
------------------------  -----------------  -------------  ----------------- 
 Steve Maddock                 521,553           83,484          605,037 
------------------------  -----------------  -------------  ----------------- 
 Humphrey Tomlinson            294,110           45,611          339,721 
------------------------  -----------------  -------------  ----------------- 
 Jose Vazquez                  541,547           82,527          624,074 
------------------------  -----------------  -------------  ----------------- 
 

DLG's policy is to make awards twice a year following the announcement of DLG's full and half-year results respectively. The awards will vest on 30 August 2019, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 29 August 2026. Dividend equivalent options will accrue up to the point of vesting, on those options that vest.

For further information on DLG's remuneration policy and implementation of the policy please see our 2015 Directors' Remuneration Report which is available at: www.directlinegroup.com.

This announcement is made in accordance with The Market Abuse Regulation.

For any enquiries relating to this announcement, please contact:

Sian Hoskins

Assistant Company Secretary

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 31, 2016 09:15 ET (13:15 GMT)