The Vanguard Group Reports Ownership in Direct Line Insurance Group plc

The Vanguard Group, Inc., a significant investment management firm, has disclosed its stake in Direct Line Insurance Group plc. As per the regulatory filing made on 25 March 2024, The Vanguard Group has declared an ownership interest that surpasses the 1% threshold set by the Takeover Code, specifically holding a 5.00% interest, or 65,621,257 shares, of Direct Line Insurance Group. The disclosure follows the guidelines of Rule 8.3 of the Takeover Code.

This position was reported to be held on 22 March 2024, ahead of the public announcement. Additionally, The Vanguard Group noted dealings in other securities, including a purchase of 12,040 shares at a price of 2.09 GBP per share. Moreover, The Vanguard Group has confirmed it is also making disclosures in respect of another party, Ageas SA/NV, related to the offer but did not detail its positions in the latter.

No further arrangements, agreements, or understandings relating to the indemnity, options, or derivatives that would impact The Vanguard Group’s dealings in Direct Line Insurance Group’s securities were disclosed. This announcement serves to maintain transparency in the market and provides insight into institutions' investment patterns in significant companies like Direct Line Insurance Group plc.