The Vanguard Group, Inc. Reports Stake in Direct Line Insurance Group plc

The Vanguard Group, Inc. has disclosed a significant shareholding in Direct Line Insurance Group plc, complying with the Takeover Code's Rule 8.3 requirements. As of 18 March 2024, The Vanguard Group holds a total interest of 5.00% in the company, amounting to 65,580,481 shares in the ordinary class with a nominal value of 10 10/11p. Notably, this shareholding reflects the company's substantial interest in relevant securities representing 1% or more of the company's total.

Additionally, The Vanguard Group confirmed the acquisition of 531 additional shares at the price of 2.09 GBP per unit, showcased in their recent trading transactions. This movement is part of their ongoing investment activities in the financial sector. No other dealings, including cash-settled derivatives or stock-settled derivative transactions, were reported in this disclosure. Moreover, The Vanguard Group clarified its stance by stating no involvement in indemnity, option arrangement, or any formal or informal agreements that might influence their dealing decisions regarding Direct Line Insurance Group plc's securities.