Vanguard Group Discloses Key Stake in Direct Line Insurance

The Vanguard Group, Inc. has revealed its significant position in Direct Line Insurance Group plc through a Form 8.3 disclosure, submitted on April 29, 2025. This disclosure is pursuant to Rule 8.3 of the Takeover Code, which mandates transparency for holders with interests of 1% or more in relevant securities.

The disclosure indicates that Vanguard controls 70,675,821 of Direct Line’s ordinary shares, equivalent to 5.39% of the company's issued share capital. Additionally, Vanguard reported engaging in the purchase of 43,613 ordinary shares at a price of 2.81 GBP per unit.

Apart from Direct Line, Vanguard is also making relevant disclosures concerning Aviva plc, highlighting its interconnected interest in both entities within the insurance sector. The declaration notes the absence of any stock-settled derivatives or formal agreements related to securities options or derivatives.