Vanguard Group Reports Interest in Direct Line Insurance Group plc

The Vanguard Group, Inc., a prominent investment management company, has disclosed a significant ownership stake in Direct Line Insurance Group plc, effective as of 05 March 2024. According to the details provided, Vanguard controls a total interest of 65,680,105 shares, translating to a 5.01% stake in the company. This position places it over the threshold for disclosure under Rule 8.3 of the Takeover Code, which mandates reporting by persons holding interests in relevant securities representing 1% or more.

In addition to this holding, Vanguard also indicated dealings in other related securities. On record, the firm executed a sale of 26,250 Direct Line Insurance Group shares at £2.16 per unit. Besides Direct Line, disclosures concerning another party, Ageas SA/NV, were noted, suggesting Vanguard's active participation in the market beyond a singular focus.

No agreements, arrangements, or understandings relating to indemnities, option arrangements, or derivatives were reported, affirming the straightforward nature of Vanguard’s disclosed interests and dealings.