19 Oct 2012 15:02
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 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: |
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 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 | |||
Ord GBP 0.10
GB00B89W0M42 | Direct | Direct | Indirect | Direct | Indirect | ||
1,046,708,583 | 1,046,708,583 | 979,208,583 | 979,208,583 | 65.28% | |||
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 | Expiration 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 | ||||||
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 |