Major Shareholding Notification • Sep 27, 2013
Major Shareholding Notification
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National Storage Mechanism | Additional information
RNS Number : 1628P
Direct Line Insurance Group PLC
27 September 2013
| 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): |
Placing - Overallotment Exercise | 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: | 27/09/2013 | |||||||||||||||
| 6. Date on which issuer notified: | 27/09/2013 | |||||||||||||||
| 7. Threshold(s) that is/are crossed or reached: | 29% | |||||||||||||||
| 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 | ||||||||||||
| Direct | Direct | Indirect | Direct | Indirect | ||||||||||||
| Ord GBP 0.10 | 454,699,130 | 454,699,130 | 427,426,403 | 427,426,403 | 28.50% | |||||||||||
| GB00B89W0M42 | ||||||||||||||||
| 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 |
Exercise 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 | |||||||||||||||
| 427,426,403 | 28.50% | |||||||||||||||
| 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 (28.50%) | ||||||||||||||||
| Proxy Voting: | ||||||||||||||||
| 10. Name of the proxy holder: | ||||||||||||||||
| 11. Number of voting rights proxy holder will cease to hold: | ||||||||||||||||
| 12. Date on which proxy holder will cease to hold voting rights: | ||||||||||||||||
| 13. Additional information: | This Notification is based upon the Voting Rights figure of 1,500,000,000 | |||||||||||||||
| 14. Contact name: | Richard Hopkins | |||||||||||||||
| 15. Contact telephone number: | 0207 672 0354 | |||||||||||||||
This information is provided by RNS
The company news service from the London Stock Exchange
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