The Vanguard Group Discloses Significant Stake in Direct Line Insurance

The Vanguard Group, Inc. has revealed its position in Direct Line Insurance Group plc through a Form 8.3 disclosure. As of April 14, 2025, Vanguard holds a 5.38% interest in Direct Line's ordinary shares, amounting to 70,553,431 shares. This disclosure is in line with Rule 8.3 of the Takeover Code, which mandates transparency for parties holding 1% or more in relevant securities.

In addition to Direct Line, Vanguard also disclosed interests regarding Aviva plc. On April 14, Vanguard acquired 20,412 ordinary shares of Direct Line at 2.71 GBP per share. There are no current cash-settled or stock-settled derivative positions, nor any indemnity or formal agreements around these securities.

This disclosure aims to ensure compliance with regulatory requirements and enhance market transparency. For further details, contact Shawn Acker at Vanguard.