Direct Line Insurance Group PLC Director/PDMR Shareholding
14 Novembre 2024 - 4:04PM
RNS Regulatory News
RNS Number : 3149M
Direct Line Insurance Group PLC
14 November 2024
DIRECT LINE INSURANCE GROUP
PLC ("DLG")
TRANSACTIONS IN SHARES BY
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
("PDMRS")
14 NOVEMBER
2024
Following the appointment of Jane
Poole as Chief Financial Officer on 10 October 2024, a Restricted
Share Award ("RSP") has been made to Ms Poole over ordinary shares
of 10 10/11 pence each in DLG,
to compensate her for remuneration arrangements
forfeited on leaving her former employer.
Performance conditions do not apply to the RSP
awards.
In addition, and in accordance with
DLG's remuneration policy, an award has been made to Ms Poole under
the DLG 2020 Long Term Incentive Plan (the "LTIP") over ordinary
shares of 10 10/11 pence each in
DLG. The number of shares awarded under the LTIP
is based on the average closing share price over the three trading
days prior to the date of grant, equal to £1.65.
RSP
Awards
The Remuneration Committee has
approved the following awards to Ms Poole to compensate her for
remuneration arrangements forfeited on leaving Aviva. Performance
conditions do not apply to these awards.
|
Scheme Replaced
|
Number of options awarded
|
Normal Vesting Date
|
|
a) Deferred bonus
2022
|
30,444
|
21/3/2025
|
|
b) Deferred bonus
2023
|
44,903
44,906
|
21/3/2025
20/3/2026
|
|
c) Deferred bonus
2024
|
41,332
41,332
41,334
|
28/3/2025
27/3/2026
25/3/2027
|
|
d) LTIP 2022
|
150,149
|
21/3/2025
|
|
e) LTIP 2022
|
25,044
|
11/8/2025
|
|
f) LTIP
2023
|
136,128
|
20/3/2026
|
|
g) One-off award
2024
|
76,468
76,468
|
22/9/2025
22/9/2026
|
All RSP awards will accrue dividend
equivalent shares until vesting.
The following disclosure is made in
accordance with Article 19 of the EU Market Abuse Regulation
596/2014(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
|
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
three years' nil cost options under the Direct Line Insurance Group
plc 2020 Long Term Incentive Plan. The
award represents the regular 2024 award, has a total face value of
200% of annual base salary and is subject to the same performance
conditions as awards made to DLG's PDMRs earlier in the year
(except that Total Shareholder Return will be measured over the
three years commencing on the date of grant); and
(ii) Award of nil
cost options under the Restricted Share Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
Volume
|
|
(i)
|
Nil cost options
|
668,693
|
|
(ii)
|
Nil cost options
|
708,508
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
11 November 2024
|
|
f)
|
Place of the transaction
|
Off market
|
Following the appointment of Martin
Milliner as Managing Director, Claims on 1 October 2024, awards
have been made to Martin under the DLG RSP to compensate him for
remuneration arrangements forfeited on leaving his former employer.
Performance conditions do not apply to these awards.
The following disclosure is made in
accordance with Article 19 of the EU Market Abuse Regulation
596/2014(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
|
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
|
Award of nil cost options under the
Restricted Share Plan. The award vests in one tranche.
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
Nil cost options
|
73,778
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
11 November 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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