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 voting rights
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
14-Apr-2025
6. Date on which Issuer notified
17-Apr-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 |
2.213586 |
3.187463 |
5.401049 |
70829430 |
| Position of previous notification (if applicable) |
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 |
29028758 |
2.213586 |
||
| Sub Total 8.A |
29028758 |
2.213586% |
||
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 |
02/05/2025 |
02/05/2025 |
Cash |
1032065 |
0.078697 |
| Cash-settled Equity Swap |
14/05/2025 |
14/05/2025 |
Cash |
0 |
0.000000 |
| Cash-settled Equity Swap |
05/08/2025 |
05/08/2025 |
Cash |
3359908 |
0.256209 |
| Cash-settled Equity Swap |
13/08/2025 |
13/08/2025 |
Cash |
19113470 |
1.457497 |
| Cash-settled Equity Swap |
28/11/2025 |
28/11/2025 |
Cash |
10328 |
0.000786 |
| Cash-settled Equity Swap |
16/12/2025 |
16/12/2025 |
Cash |
3487348 |
0.265927 |
| Cash-settled Equity Swap |
31/12/2025 |
31/12/2025 |
Cash |
32377 |
0.002458 |
| Cash-settled Equity Swap |
05/01/2026 |
05/01/2026 |
Cash |
19844 |
0.001512 |
| Cash-settled Equity Swap |
25/02/2026 |
25/02/2026 |
Cash |
4657079 |
0.355125 |
| Cash-settled Equity Swap |
27/02/2026 |
27/02/2026 |
Cash |
113000 |
0.008616 |
| Cash-settled Equity Swap |
02/04/2026 |
02/04/2026 |
Cash |
140 |
0.000010 |
| Cash-settled Equity Swap |
02/06/2026 |
02/06/2026 |
Cash |
317788 |
0.024230 |
| Cash-settled Equity Swap |
30/05/2028 |
30/05/2028 |
Cash |
82 |
0.000006 |
| Cash-settled Equity Swap |
12/09/2025 |
12/09/2025 |
Cash |
24450 |
0.001864 |
| Cash-settled Equity Swap |
19/08/2025 |
19/08/2025 |
Cash |
1293043 |
0.098601 |
| Cash-settled Equity Swap |
17/06/2025 |
17/06/2025 |
Cash |
61636 |
0.004700 |
| Cash-settled Equity Swap |
19/01/2026 |
19/01/2026 |
Cash |
74336 |
0.005662 |
| 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 |
27/03/2026 |
27/03/2026 |
Cash |
10 |
0.000000 |
| Cash-settled Equity Swap |
15/01/2026 |
15/01/2026 |
Cash |
20 |
0.000001 |
| Cash-settled Equity Swap |
18/02/2026 |
18/02/2026 |
Cash |
9 |
0.000000 |
| Cash-settled Equity Swap |
23/12/2025 |
23/12/2025 |
Cash |
4074 |
0.000310 |
| Cash-settled Equity Swap |
23/01/2026 |
23/01/2026 |
Cash |
2 |
0.000000 |
| Cash-settled Equity Swap |
13/02/2026 |
13/02/2026 |
Cash |
2 |
0.000000 |
| Cash-settled Equity Swap |
21/01/2026 |
21/01/2026 |
Cash |
10 |
0.000000 |
| Cash-settled Equity Swap |
15/01/2032 |
15/01/2032 |
Cash |
121068 |
0.009232 |
| Cash-settled Equity Swap |
07/01/2032 |
07/01/2032 |
Cash |
127854 |
0.009748 |
| Cash-settled Equity Swap |
14/01/2032 |
14/01/2032 |
Cash |
155325 |
0.011843 |
| Cash-settled Equity Swap |
05/01/2032 |
05/01/2032 |
Cash |
22790 |
0.001737 |
| Cash-settled Equity Swap |
16/01/2032 |
16/01/2032 |
Cash |
116414 |
0.008877 |
| Cash-settled Equity Swap |
13/01/2032 |
13/01/2032 |
Cash |
28833 |
0.002198 |
| Cash-settled Equity Swap |
03/02/2028 |
03/02/2028 |
Cash |
925 |
0.000070 |
| Cash-settled Equity Swap |
18/08/2025 |
18/08/2025 |
Cash |
1228688 |
0.093692 |
| Cash-settled Equity Swap |
01/10/2025 |
01/10/2025 |
Cash |
583072 |
0.044459 |
| Cash-settled Equity Swap |
22/09/2025 |
22/09/2025 |
Cash |
70797 |
0.005398 |
| Cash-settled Equity Swap |
18/09/2025 |
18/09/2025 |
Cash |
3617035 |
0.275816 |
| Cash-settled Equity Swap |
10/07/2025 |
10/07/2025 |
Cash |
2126847 |
0.162182 |
| Sub Total 8.B2 |
41800672 |
3.187463% |
|||
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 |
3.187463 |
5.395783% |
|
| JPMorgan Chase & Co. |
J.P. Morgan Securities LLC |
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%)
12. Date of Completion
17-Apr-2025
13. Place Of Completion
London, United Kingdom