Vanguard Group Discloses Position in Direct Line Insurance

On January 20, 2025, The Vanguard Group, Inc. submitted a Form 8.3 detailing its interests in Direct Line Insurance Group plc. The disclosure adheres to Rule 8.3 of the Takeover Code, which involves public release of interests representing 1% or more in relevant securities.

The filing specifies Vanguard's ownership of 71,936,899 ordinary shares, representing 5.49% of Direct Line's share capital. There was a recent sale of 11,220 shares at a price of 2.62 GBP per unit. The document also notes there are no cash-settled or stock-settled derivative positions to disclose.

No indemnity or option arrangements were specified by Vanguard. The organization's transparency maintains compliance with regulatory requirements under the Takeover Code.