Holding(s) in Company

RNS Number : 1363P

Direct Line Insurance Group PLC

19 October 2012

 

                                     TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	Direct Line Insurance Group plc
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify): Exercise of over-allotment option		X
3. Full name of person(s) subject to the notification obligation:	The Royal Bank of Scotland Group plc
4. Full name of shareholder(s): (if different from 3)	The Royal Bank of Scotland Group plc
5. Date of the transaction and date on which the threshold is crossed or reached:	18/10/2012
6. Date on which issuer notified	19/10/2012
7. Threshold(s) that is/are crossed or reached:	66%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares If possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of shares	Number of Voting Rights	Number of shares	Number of voting rights	% of voting rights
Ord GBP 0.10 GB00B89W0M42			Direct	Direct	Indirect	Direct	Indirect
	1,046,708,583	1,046,708,583	979,208,583	979,208,583		65.28%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration Price	Expiration date	Exercise/ Conversion Period		Number of voting rights instrument refers to	% of voting rights
						Nominal	Delta
Total A + B + C
Number of Voting Rights				Percentage of Voting Rights
979,208,583				65.28%

 

9: Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

The Royal Bank of Scotland Group plc (65.28%)

Proxy Voting
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A

13. Additional information:	This Notification is based on a Voting Rights figure of 1,500,000,000.
14. Contact name:	RBS Group - Richard Hopkins Direct Line Group - Robert Franklin
15. Contact telephone number:	RBS Group - 0207 672 0354 Direct Line Group - 020 8285 3764

 

END

 

 

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