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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Direct Line Insurance Group Plc | LSE:DLG | London | Ordinary Share | GB00BY9D0Y18 | ORD 10 10/11P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 193.50 | 193.30 | 193.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Fire, Marine, Casualty Ins | 2.86B | 222.9M | 0.1700 | 11.38 | 2.54B |
TIDMDLG
RNS Number : 2095I
Direct Line Insurance Group PLC
31 March 2020
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
31 MARCH 2020
In accordance with DLG's remuneration policy, awards under the DLG 2012 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 DAIP and the LTIP is based on the average closing share price over the three trading days prior to the date of grant, equal to GBP2.62.
While the Remuneration Committee (the "Committee") recognises that the LTIP award has been made during a period of market turbulence due to COVID-19, we believe that this is not specific to DLG and the Committee has determined that the price used to calculate the number of shares awarded is appropriate.
The Committee is mindful that, as the Group typically grants half the annual LTIP award in each of two separate grants in each financial year (following the announcement of the Group's annual and half-year results), there will be a further opportunity to review the appropriateness of the approach taken in the context of further developments later in the year, as well as later during the relevant performance period, to avoid any unacceptable 'windfall' gains. This March grant represents the first half of the 2020 awards, with a second grant scheduled for August/September 2020.
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 Executive Officer/PDMR -------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) pence financial instrument, ("Shares") type of instrument Identification code 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 305,344 -------- (ii) Nil cost options 153,397 -------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 458,741 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Tim Harris -------------------------- ---------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status Chief Financial Officer/PDMR -------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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 204,198 -------- (ii) Nil cost options 27,158 -------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 231,356 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Mark Evans -------------------------- ---------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status Managing Director of Marketing & Digital/ PDMR -------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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 78,721 ------- (ii) Nil cost options 41,958 ------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 120,679 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 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 Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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 115,507 -------- (ii) Nil cost options 73,518 -------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 189,025 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 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 Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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. -------------------------- ---------------------------------------------- c) Price(s) and volume(s) Price Volume (i) Nil cost options 74,519 ------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 74,519 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 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 Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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 145,509 -------- (ii) Nil cost options 92,613 -------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 238,122 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- 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 Strategy Officer/ PDMR -------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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 78,721 ------- (ii) Nil cost options 42,381 ------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 121,102 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Gus Park -------------------------- ---------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status Managing Director of Motor, Pricing & Underwriting/ PDMR -------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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 89,456 ------- (ii) Nil cost options 48,882 ------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 138,338 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kate Syred -------------------------- ---------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status Managing Director of Household, Partnerships & Data/ PDMR -------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code 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 78,721 -------
(ii) Nil cost options 42,482 ------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 121,203 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- 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 Initial Notification /Amendment -------------------------- ---------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code GB00BY9D0Y18 -------------------------- ---------------------------------------------- b) Nature of the transaction (iii) Award of three years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (iv) 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 68,549 ------- (ii) Nil cost options 36,358 ------- -------------------------- ---------------------------------------------- d) Aggregated information - Aggregated volume 104,907 - Price N/A -------------------------- ---------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------- f) Place of the transaction Off market -------------------------- ---------------------------------------------- 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 Initial Notification /Amendment -------------------------- ---------------------------------------------------------- 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 Ordinary shares of 10 (10) /(11) financial instrument, pence ("Shares") type of instrument Identification code GB00BY9D0Y18 -------------------------- ---------------------------------------------------------- b) Nature of the transaction (v) Award of three years nil cost options under the Direct Line Insurance Group plc 2012 Long Term Incentive Plan; and (vi) 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 124,029 -------- (ii) Nil cost options 76,968 -------- -------------------------- ---------------------------------------------------------- d) Aggregated information - Aggregated volume 200,997 - Price N/A -------------------------- ---------------------------------------------------------- e) Date of the transaction 27 March 2020 -------------------------- ---------------------------------------------------------- f) Place of the transaction Off market -------------------------- ----------------------------------------------------------
For any enquiries relating to this announcement, please contact:
Roger Clifton
Company Secretary
Telephone: +44 (0)1651 831 956
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
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March 31, 2020 06:15 ET (10:15 GMT)
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