BRIEF

on Direct Line Group (isin : GB00BY9D0Y18)

The Vanguard Group, Inc. Discloses Stake in Direct Line Insurance Group plc

The Vanguard Group, Inc. has officially disclosed its position in Direct Line Insurance Group plc, as per the requirements outlined in Rule 8.3 of the Takeover Code. On the 13th of March, 2024, The Vanguard Group revealed it holds a total interest of 5.01% in Direct Line Insurance Group plc, equating to 65,659,544 ordinary shares of 10 10/11p each.

In addition to its stake in Direct Line Insurance Group plc, The Vanguard Group also confirmed disclosure for another party related to the offer, Ageas SA/NV, though specifics of this position were not detailed in the disclosure. The group's trading activities on the 13th of March included the acquisition of 13,244 shares and the sale of 26,230 shares, each transaction priced at 2.16 GBP per share. No cash-settled derivatives transactions were reported.

This disclosure comes as part of the regulatory requirements under the UK Takeover Code, which mandates that any person holding interests in relevant securities representing 1% or more must publicly disclose their opening position. The Vanguard Group, with this announcement, has complied with these requirements, revealing both its significant stake in Direct Line Insurance Group and its recent trading activities related to these securities.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Direct Line Group news