on Direct Line Group (isin : GB00BY9D0Y18)
Vanguard Group's Stake in Direct Line Insurance Group Revealed
The Vanguard Group, Inc. has disclosed a public opening position regarding its interests in Direct Line Insurance Group plc. As per Rule 8.3 of the Takeover Code, this announcement signifies Vanguard's substantial shareholding status, representing a stake exceeding 1%.
Vanguard holds 71,548,633 ordinary shares in Direct Line, equating to 5.46% of the total. This disclosure, dated June 4, 2025, also involves references to a connected exempt fund manager relationship with Aviva plc.
The document outlined recent stock activities, including the purchase of 48,638 ordinary shares at a unit price of 2.99 GBP, reflecting Vanguard's dealings in Direct Line's securities. Additionally, no cash-settled derivatives or stock-settled derivatives positions were specified in this disclosure.
No further agreements or understandings concerning securities transactions or voting rights were mentioned.
R. E.
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