The Vanguard Group Discloses Position in Direct Line Insurance Group

The Vanguard Group, Inc. has disclosed its position related to Direct Line Insurance Group plc under Form 8.3. This notice pertains to their interests in securities representing 1% or more, in line with Rule 8.3 of the Takeover Code. The disclosure is crucial for identifying major shareholders during takeovers. Vanguard revealed owning 71,673,297 ordinary shares, equating to a 5.47% stake in Direct Line.

The dealings detailed include the purchase of 577 shares and the sale of 76,848 shares, both transacted at 2.66 GBP per unit. No significant derivative or option agreements were noted, as the document states no indemnity arrangements exist.

The disclosure date is January 27, 2025, with Shawn Acker serving as the contact for further inquiries. Such transparency is mandated by Rule 8 of the Takeover Code, ensuring regulatory compliance.