Completion of disposal and special dividend

RNS Number : 1968U

Direct Line Insurance Group PLC

28 November 2013

 



Completion of sale of Direct Line Life and special dividend

28 November 2013

Further to the announcement on 8 October 2013, Direct Line Insurance Group plc ("the Company") announces that it has completed the sale of Direct Line Life Insurance Company Limited ("DLL") to Chesnara plc.

As previously disclosed, the proceeds of the sale of DLL will be returned to shareholders by way of a special dividend and the Company has today declared a special interim dividend of 4.0 pence per share.

Dividend timetable

Ex-dividend date	4 December 2013
Record date	6 December 2013
Final date for election under the Dividend Reinvestment Plan	13 December 2013
Payment date	31 December 2013

www.directlinegroup.com/investors

For further information, please contact:

Neil Manser

Director of Investor Relations and Corporate Development

Tel: [phone]

Rob Bailhache

Director of Communications

Tel: [phone]

Additional information

Group overview

Direct Line Group: the largest retail general insurer in the UK, the number one direct motor insurer in Italy and the number three direct motor insurer in Germany. We operate a multi-brand, multi-product and multi-channel business that covers the majority of customer segments in the UK for personal lines general insurance and small and medium-sized enterprise commercial insurance. Our brands offer the following products: motor, home, rescue, pet, travel and commercial.

Corporate information

Direct Line Insurance Group plc is a public limited company registered in England number 02280426. The address of the registered office is Churchill Court, Westmoreland Road, Bromley BR1 1DP, England.

The Company is an associate of The Royal Bank of Scotland Group plc. RBS Group comprises The Royal Bank of Scotland Group plc and its subsidiaries. In 2009, RBS Group committed to the European Commission to sell its insurance business as a condition of its receipt of State Aid. To comply with this requirement, RBS Group must cede control of the Company by the end of 2013 and must divest its entire interest by the end of 2014.

Statutory information

The statutory accounts for 2012 were signed on 27 February 2013 and were delivered to the Registrar of Companies following the Annual General Meeting held on 6 June 2013, a copy of which is available at the following website:

ara2012.directlinegroup.com.

 

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