Vanguard Group Discloses Stake in Direct Line Insurance Group

The Vanguard Group, Inc. has disclosed a significant position in Direct Line Insurance Group plc. As of January 7, 2025, Vanguard controls 5.49% of Direct Line's ordinary shares, amounting to 72,055,332 shares. This disclosure is made in accordance with Rule 8.3 of the Takeover Code, which applies to entities holding an interest of 1% or more in a company's shares.

The filing specifies that this includes only ordinary shares with no open positions in stock-settled derivatives. Additionally, a modest purchase of 47,277 shares was made at a price of 2.59 GBP per share. The disclosure does not mention any arrangements or agreements relating to options or derivatives.

Vanguard also notes interests in another company, Aviva plc. However, no other parties involved in the situation are mentioned.