1st Jul 2025 16:00
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 exercised/converted | % of voting rights |
| ||||
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 than the notifiable threshold | Total of both if it equals or is higher 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
Related Shares:
Direct Line