Vanguard Group Discloses Position in Direct Line Insurance Group

The Vanguard Group, Inc. has submitted Form 8.3 regarding its shareholding in Direct Line Insurance Group plc. This disclosure, dated March 5, 2025, was made following market rules, as Vanguard holds an interest representing 5.36% of Direct Line's voting securities. This involvement signifies significant influence, as it exceeds the 1% threshold stipulated by the Takeover Code.

The document reveals Vanguard's interest in 70,354,741 ordinary shares, valued at 10 10/11p each. In addition to Direct Line, disclosures have been extended to Aviva plc, hinting at broader interest in the sector. However, no cash-settled or stock-settled derivative transactions were reported.

During recent dealings, Vanguard sold 138,128 shares of Direct Line at £2.75 per share. No additional agreements or inducements relating to the securities were stated. The submission aligns with regulatory disclosure obligations to the Panel on Takeovers and Mergers.