The Vanguard Group Discloses Position in Direct Line Insurance

The Vanguard Group, Inc. has issued a Form 8.3 disclosure regarding its position in Direct Line Insurance Group plc. The disclosure highlights an interest in Direct Line, representing 5.37% of relevant securities, totaling 70,475,933 ordinary shares as of February 28, 2025.

The disclosure follows Rule 8.3 of the Takeover Code, which mandates transparency from entities with interests exceeding 1% in the offering company's securities. Additionally, Vanguard is also making disclosures concerning Aviva plc, pointing to its broader interest in the insurance sector.

In recent dealings, The Vanguard Group conducted purchases and sales of Direct Line's securities. A small purchase of 298 units and a more significant sale of 78,396 units were recorded, each at a price of 2.78 GBP per share.