9th May 2025 13:00
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 financial instruments
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
06-May-2025
6. Date on which Issuer notified
08-May-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 | 3.209862 | 3.801270 | 7.011132 | 91943120 |
Position of previous notification (if applicable) | 3.188464 | 3.042594 | 6.231058 |
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 | 42093745 | 3.209862 | ||
Sub Total 8.A | 42093745 | 3.209862% | ||
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 | 17/06/2025 | 17/06/2025 | Cash | 61636 | 0.004700 |
Cash-settled Equity Swap | 18/08/2025 | 18/08/2025 | Cash | 1039717 | 0.079284 |
Cash-settled Equity Swap | 19/08/2025 | 19/08/2025 | Cash | 1293043 | 0.098601 |
Cash-settled Equity Swap | 01/09/2025 | 01/09/2025 | Cash | 5894238 | 0.449466 |
Cash-settled Equity Swap | 12/09/2025 | 12/09/2025 | Cash | 24450 | 0.001864 |
Cash-settled Equity Swap | 18/09/2025 | 18/09/2025 | Cash | 13661483 | 1.041757 |
Cash-settled Equity Swap | 22/09/2025 | 22/09/2025 | Cash | 70797 | 0.005399 |
Cash-settled Equity Swap | 01/10/2025 | 01/10/2025 | Cash | 594426 | 0.045328 |
Cash-settled Equity Swap | 28/11/2025 | 28/11/2025 | Cash | 10328 | 0.000788 |
Cash-settled Equity Swap | 16/12/2025 | 16/12/2025 | Cash | 6169360 | 0.470445 |
Cash-settled Equity Swap | 23/12/2025 | 23/12/2025 | Cash | 4074 | 0.000311 |
Cash-settled Equity Swap | 15/01/2026 | 15/01/2026 | Cash | 20 | 0.000002 |
Cash-settled Equity Swap | 19/01/2026 | 19/01/2026 | Cash | 19250 | 0.001468 |
Cash-settled Equity Swap | 21/01/2026 | 21/01/2026 | Cash | 10 | 0.000001 |
Cash-settled Equity Swap | 23/01/2026 | 23/01/2026 | Cash | 2 | 0.000000 |
Cash-settled Equity Swap | 30/01/2026 | 30/01/2026 | Cash | 2 | 0.000000 |
Cash-settled Equity Swap | 12/02/2026 | 12/02/2026 | Cash | 1 | 0.000000 |
Cash-settled Equity Swap | 13/02/2026 | 13/02/2026 | Cash | 2 | 0.000000 |
Cash-settled Equity Swap | 18/02/2026 | 18/02/2026 | Cash | 9 | 0.000001 |
Cash-settled Equity Swap | 25/02/2026 | 25/02/2026 | Cash | 11266 | 0.000859 |
Cash-settled Equity Swap | 27/02/2026 | 27/02/2026 | Cash | 243000 | 0.018530 |
Cash-settled Equity Swap | 27/03/2026 | 27/03/2026 | Cash | 10 | 0.000001 |
Cash-settled Equity Swap | 02/04/2026 | 02/04/2026 | Cash | 140 | 0.000011 |
Cash-settled Equity Swap | 08/05/2026 | 08/05/2026 | Cash | 19113470 | 1.457499 |
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 | 82 | 0.000006 |
Cash-settled Equity Swap | 02/05/2030 | 02/05/2030 | Cash | 925 | 0.000071 |
Cash-settled Equity Swap | 07/01/2032 | 07/01/2032 | Cash | 127854 | 0.009750 |
Cash-settled Equity Swap | 13/01/2032 | 13/01/2032 | Cash | 28833 | 0.002199 |
Cash-settled Equity Swap | 14/01/2032 | 14/01/2032 | Cash | 143811 | 0.010966 |
Cash-settled Equity Swap | 15/01/2032 | 15/01/2032 | Cash | 44299 | 0.003378 |
Sub Total 8.B2 | 49849375 | 3.801270% | |||
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 | 3.204248 | 3.801270 | 7.005518% |
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
08-May-2025
13. Place Of Completion
London
Related Shares:
Direct Line