Last checked at 29 Aug 2014 14:00
DIRECT LINE INSURANCE GROUP PLC ("DLG")
TRANSACTIONS IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs")
29 AUGUST 2014
DLG announces the following changes to the interests of PDMRs in DLG's ordinary shares of 10 pence each ("Ordinary Shares").
Direct Line Insurance Group plc 2012 Long-Term Incentive Plan ("LTIP")
DLG today granted options to acquire Ordinary Shares under the LTIP to the following PDMRs in respect of the financial year ending 31 December 2014. In accordance with the LTIP rules, the awards were granted on 29 August 2014 as nil-cost options.
PDMR | Interest in Ordinary Shares held under the LTIP before the transaction | Number of Ordinary Shares awarded | Price per Ordinary Share awarded (GBP) | Interest in Ordinary Shares under the LTIP following the transaction |
A | B | A+B | ||
Paul Geddes | 1,430,014 | 261,888 | £2.902 | 1,691,902 |
John Reizenstein | 865,534 | 158,511 | £2.902 | 1,024,045 |
Jamie Brown | 278,026 | 49,691 | £2.902 | 327,717 |
Sarah Gomez | 79,336 | 22,053 | £2.902 | 101,389 |
Jonathan Greenwood | 388,078 | 71,071 | £2.902 | 459,149 |
Mike Holliday-Williams | Nil | 271,364 | £2.902 | 271,364 |
Steve Maddock | 451,801 | 80,117 | £2.902 | 531,918 |
Angela Morrison | 320,288 | 62,024 | £2.902 | 382,312 |
Humphrey Tomlinson | 279,836 | 55,089 | £2.902 | 334,925 |
Jose Vazquez | 497,076 | 102,201 | £2.902 | 599,277 |
DLG's policy is to make awards under the LTIP twice a year following the announcement of DLG's full and half-year results respectively. The awards will vest on 29 August 2017, subject to the achievement of performance conditions attached to the awards, and remain exercisable until 29 August 2024.
For further information on DLG's remuneration policy and implementation of the policy please see our 2013 Directors' Remuneration Report which is available at: ara2013.directlinegroup.com.
This announcement is made in accordance with the requirements of DTR 3.1.4 R.
For any enquiries relating to this announcement, please contact:
Christopher Smyth
Senior Assistant Company Secretary
Email: christopher.smyth@directlinegroup.co.uk
Telephone: 01651 832 945