Direct Line Insurance Group PLC

AGM Information • Jun 29, 2015

National Storage Mechanism | Additional information

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RNS Number : 5062R

Direct Line Insurance Group PLC

29 June 2015

GENERAL MEETING POLL RESULTS FOR DIRECT LINE INSURANCE GROUP PLC

29 June 2015

Direct Line Insurance Group plc (the "Company") announces that at its General Meeting today to approve a Share Consolidation all resolutions proposed to shareholders were carried by the requisite majority on a poll.

The Share Consolidation is due to take effect upon admission of the New Ordinary Shares of 10 10/11 pence each in the capital of the Company to the premium segment of the Official List and to trading on the London Stock Exchange’s main market, expected to be at 8 a.m. on Tuesday, 30 June. As a result of the Share Consolidation shareholders will hold 11 New Ordinary Shares of 10 10/11 pence each for every 12 Existing Ordinary Shares of 10 pence each currently held. Accordingly, application has been made to the UK Listing Authority ("UKLA") to amend the Official List and to the London Stock Exchange to amend the trading line whereby 1,375,000,000 ordinary shares of 10 10/11 pence each will commence trading at 8.00am on 30 June 2015.  The New Ordinary Shares will have an ISIN of GB00BY9D0Y18 and a SEDOL of BY9D0Y1.

The Special Dividend of 27.5 pence per Existing Ordinary Share, which was announced on 29 May 2015 and was conditional upon the Share Consolidation being approved, will be paid on 24 July 2015 to shareholders on the register at 6.00pm today (29 June 2015).

TOTAL VOTING RIGHTS

The total number of shares in issue on 29 June 2015 is 1,500,000,000 ordinary shares of 10 pence each with each share carrying the right to one vote.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rule 5.6.1A (1), the Company's issued share capital that is expected to be admitted to trading on the London Stock Exchange's main market as at 8.00am on 30 June 2015 will be 1,375,000,000 New Ordinary Shares of 10 10/11 pence each with each share carrying the right to one vote.

The Company holds no ordinary shares in treasury.

The total number of voting rights in the Company, as at 30 June 2015 will accordingly be 1,375,000,000.

POLL RESULTS

The following table shows the votes cast for each resolution:

Resolution		For	%	Against	%	Total votes	% of issued share capital voted	Votes withheld	Result
1.	To approve the 11 for 12 Share Consolidation	1,164,802,208	99.99%	174,039	0.01%	1,164,976,247	77.67%	3,394,470	CARRIED
2.	To provide authority to allot  new shares	1,122,907,679	96.40%	41,881,085	3.60%	1,164,788,764	77.65%	3,582,075	CARRIED
3.	To authorise the disapplication of               pre-emption rights*	1,158,616,231	99.91%	1,000,363	0.09%	1,159,616,594	77.31%	8,754,001	CARRIED
4.	To authorise the purchase of Direct Line Insurance Group plc shares*	1,164,810,810	99.99%	150,509	0.01%	1,164,961,319	77.66%	3,409,520	CARRIED

NOTES:

1.    * indicates a Special Resolution requiring 75% of votes cast to be carried.

2.    Votes "For" and "Against" are expressed as a percentage of votes received.

3.    Votes "For" include discretionary votes.

4.    A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

5.    Total number of shares in issue at the date of the General Meeting is 1,500,000,000 ordinary shares. 

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do. 

Contact:

Ross Lacey
Assistant Company Secretary
Email:  Ross.Lacey@directlinegroup.co.uk
Telephone:  01651 834579

This information is provided by RNS

The company news service from the London Stock Exchange

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