Vanguard Group Discloses Position in Direct Line Insurance Group

On February 27, 2025, The Vanguard Group, Inc. released a Form 8.3 disclosure regarding its involvement in Direct Line Insurance Group plc. This disclosure is mandated by Rule 8.3 of the Takeover Code for entities holding an interest of 1% or more in a company's securities.

Vanguard revealed a 5.38% interest in Direct Line Insurance Group, amounting to 70,538,169 ordinary shares. The form also mentioned engagements with Aviva plc regarding relevant securities.

Significant movements included the purchase and sale of ordinary shares at prices of 2.71 and 2.72 GBP. Notably, no additional agreements or derivatives were attached to this disclosure, suggesting a straightforward stake management approach.