DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRS")
1 APRIL 2025
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 £2.84.
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
| (i) Award of nil cost options under the LTIP 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 DAIP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
| a)
| Name
| Jane Poole
| ||||||
| 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 LTIP 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 DAIP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Maz Bown
| ||||
| 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
| Award of nil cost options under the LTIP. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||
| e)
| Date of the transaction
| 31 March 2025 | ||||
| f)
| Place of the transaction
| Off market. | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
| a)
| Name
| Dhruv Gahlaut
| ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| Chief Strategy and Investor Relations 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 LTIP; and (ii) Award of three years' nil cost options under the DAIP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
| a)
| Name
| Hugh Hessing
| ||||||
| 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 nil cost options under the LTIP; and (ii) Award of three years' nil cost options under the DAIP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
| a)
| Name
| Lucy Johnson
| ||||||
| 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) Award of nil cost options under the LTIP; and (ii) Award of three years' nil cost options under the DAIP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
| a)
| Name
| Martin Milliner
| ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| Managing Director, Claims / 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 LTIP; and (ii) Award of three years' nil cost options under the DAIP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
| a)
| Name
| Craig Thornton
| ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| Managing Director, Home and Growth / 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 LTIP; and (ii) Award of three years' nil cost options under the DAIP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Angela Yotov
| ||||
| 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 nil cost options under the LTIP.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||
| e)
| Date of the transaction
| 31 March 2025 | ||||
| f)
| Place of the transaction
| Off market. | ||||
The following awards have been made under the DLG 2020 Long Term Incentive Plan (the "LTIP") and the DLG Restricted Shares Plan (the "RSP"), granted over ordinary shares of 10 10/11 pence each in DLG. The number of shares awarded under the LTIP and the RSP is based on the average closing share price over the three trading days prior to the date of grant, equal to £2.84.
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
| Jane Storm
| ||||||
| 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) Award of nil cost options under the LTIP; and (ii) Award of nil cost options under the RSP.
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price
|
N/A Single transaction | ||||||
| e)
| Date of the transaction
| 31 March 2025 | ||||||
| f)
| Place of the transaction
| Off market. | ||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
