The Vanguard Group Reports Stake in Direct Line Insurance Group

The Vanguard Group, Inc. disclosed its position in Direct Line Insurance Group plc through a Form 8.3 submission. The disclosure, required under Rule 8.3 of the Takeover Code, indicates that Vanguard holds a 5.45% interest in Direct Line, amounting to 71,503,989 shares. This substantial stake highlights Vanguard's investment focus in the insurance sector.

The report also mentions dealings involving the sale of 17,400 ordinary shares at a price of 2.35 GBP per unit. No new options or indemnity arrangements were reported, suggesting a stable investment approach for the time being. Additionally, the documentation does not include any supplemental Form 8 for open positions, indicating no current stock-settled derivative holdings.

This disclosure also involves Aviva plc, adding another dimension to Vanguard's investment activities in the sector. The information was submitted with a disclosure date of December 2, 2024.