Vanguard Group Discloses Position in Direct Line Insurance Group

The Vanguard Group, Inc. recently released Form 8.3, revealing their stake in Direct Line Insurance Group plc. As of January 6, 2025, Vanguard controls 72,008,055 ordinary shares, equivalent to a 5.49% interest in the company. This disclosure is required under Rule 8.3 of the Takeover Code, which mandates transparency from significant stakeholders.

The form also notes Vanguard's involvement with Aviva plc, suggesting interest in more than one entity related to Direct Line. While Vanguard sold 7,909 shares at a price of 2.58 GBP per share, there are no additional stock-settled derivatives, options, or agreements in place.

Vanguard confirmed the absence of any indemnity or option arrangements related to these securities. No supplemental form detailing open stock positions was attached to this disclosure.