Vanguard Group Discloses Stake in Direct Line Insurance

The Vanguard Group, Inc. has released a Form 8.3 disclosure regarding its position in Direct Line Insurance Group plc. As per the update, Vanguard holds interests totaling 71,846,368 shares, representing 5.48% of Direct Line’s outstanding securities. The disclosure was made on December 11, 2024, highlighting the involvement of Vanguard in Direct Line’s securities. The disclosure adheres to Rule 8.3 of the Takeover Code, requiring transparency from entities holding 1% or more in relevant securities.

This disclosure also mentions dealings involving Aviva plc. Recently, Vanguard purchased 56,145 of Direct Line's ordinary shares at a price of 2.48 GBP each and sold 8,712 shares for the same price. No other financial derivatives or agreements were reported. Importantly, there are no indemnity arrangements or agreements concerning voting rights related to these securities.