REG - Direct Line Ins Grp - Holding(s) in Company

Direct Line InsuranceAnnouncement

01/07/2025 16:00

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RNS Number : 2665P  Direct Line Insurance Group PLC  01 July 2025

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BY9D0Y18

Issuer Name

DIRECT LINE INSURANCE GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

City of registered office (if applicable)

 

Country of registered office (if applicable)

US

4. Details of the shareholder

 Name                        City of registered office  Country of registered office
 J.P. Morgan Securities plc

5. Date on which the threshold was crossed or reached

27-Jun-2025

6. Date on which Issuer notified

01-Jul-2025

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  8.277542                                              0.246752                                                                   8.524294                        111786959
 Position of previous notification (if applicable)                          7.036573                                              1.664134                                                                   8.700707

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BY9D0Y18                                                                          108550832                                                                        8.277542
 Sub Total 8.A                                108550832                                                                             8.277542%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights
 Cash-settled Equity Swap      18/08/2025       18/08/2025                  Cash                         500196                   0.038141
 Cash-settled Equity Swap      22/09/2025       22/09/2025                  Cash                         63797                    0.004864
 Cash-settled Equity Swap      01/10/2025       01/10/2025                  Cash                         527603                   0.040232
 Cash-settled Equity Swap      27/02/2026       27/02/2026                  Cash                         243000                   0.018527
 Cash-settled Equity Swap      17/07/2026       17/07/2026                  Cash                         72706                    0.005543
 Cash-settled Equity Swap      04/08/2026       04/08/2026                  Cash                         103302                   0.007875
 Cash-settled Equity Swap      04/05/2027       04/05/2027                  Cash                         1292837                  0.098585
 Cash-settled Equity Swap      30/05/2028       30/05/2028                  Cash                         204                      0.000015
 Cash-settled Equity Swap      02/05/2030       02/05/2030                  Cash                         925                      0.000070
 Cash-settled Equity Swap      07/01/2032       07/01/2032                  Cash                         127854                   0.009748
 Cash-settled Equity Swap      13/01/2032       13/01/2032                  Cash                         28833                    0.002198
 Cash-settled Equity Swap      14/01/2032       14/01/2032                  Cash                         143811                   0.010965
 Cash-settled Equity Swap      15/01/2032       15/01/2032                  Cash                         44299                    0.003378
 Cash-settled Equity Swap      15/07/2026       15/07/2026                  Cash                         61636                    0.004700
 Cash-settled Equity Swap      29/07/2026       29/07/2026                  Cash                         2309                     0.000174
 Cash-settled Equity Swap      27/05/2026       27/05/2026                  Cash                         100                      0.000007
 Cash-settled Equity Swap      22/05/2026       22/05/2026                  Cash                         170                      0.000012
 Cash-settled Equity Swap      28/06/2030       28/06/2030                  Cash                         22545                    0.001718
 Sub Total 8.B2                                                                                          3236127                  0.246752%

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold
 JPMorgan Chase & Co.         J.P. Morgan Securities plc      8.199955                                                                                                                                                8.446707%
 JPMorgan Chase & Co.         J.P. Morgan Securities LLC
 JPMorgan Chase & Co.         J.P. Morgan SE

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

Chain of controlled undertakings:

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (100%)

J.P. Morgan Securities plc (100%)

JPMorgan Chase & Co.

JPMorgan Chase Holdings LLC (100%)

J.P. Morgan Broker-Dealer Holdings Inc. (100%)

J.P. Morgan Securities LLC (100%)

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan SE (100%)

12. Date of Completion

01-Jul-2025

13. Place Of Completion

London, United Kingdom

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