The Vanguard Group Reports Stake in Direct Line Insurance Group

On January 15, 2025, The Vanguard Group, Inc. disclosed its position in Direct Line Insurance Group plc under Rule 8.3 of the Takeover Code. Vanguard currently holds interests representing 5.48% in Direct Line, totaling 71,913,119 ordinary shares. The disclosure also notes Vanguard's involvement with Aviva plc, in addition to Direct Line.

The report details Vanguard's recent actions, including the sale of 57,024 ordinary shares at a price of 2.55 GBP each. It asserts no cash-settled or stock-settled derivative positions. Furthermore, Vanguard confirms the absence of indemnity, option arrangements, or voting agreements regarding the securities in question.

This disclosure provides transparency in Vanguard's dealings, adhering to regulatory requirements. It indicates their substantial holding in Direct Line, reflecting their strategic financial interests in the insurance sector.