Direct Line Ins Grp DLG Holding(s) in Company

  Direct Line Ins Grp (DLG) - 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           The Royal Bank of Scotland
notification obligation:                                    Group plc

 
                                                                 

4. Full name of shareholder(s):                    The Royal Bank of Scotland
                                                            Group plc
(if different from 3)

 
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   Situation previous to the   Resulting situation after the triggering
of shares    triggering transaction      transaction

 
             Number of     Number of     Number of   Number of   % of voting
If possible  shares        Voting Rights shares      voting      rights
using the                                            rights
ISIN CODE
Ord GBP 0.10                             Direct      Direct      Indirect Direct Indirect

 
             1,046,708,583 1,046,708,583 979,208,583 979,208,583          65.28%
GB00B89W0M42

 

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

 

 

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering transaction
Type of      Expiration  Expiration  Exercise/    Number of    % of voting
financial    Price       date                     voting       rights
instrument                           Conversion   rights
                                     Period       instrument
                                                  refers to
                                                               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

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
HOLMLBJTMBABBAT -0- Oct/19/2012 14:02 GMT