LONDON - Direct Line (LON:DLGD) Insurance Group PLC (LSE:DLG) disclosed on Thursday that Adam Winslow, a person acting in concert with the offeree, has acquired shares in the company. According to a regulatory filing, Winslow now holds 517,277 ordinary shares, representing a 0.039% interest in Direct Line.
The transaction took place on February 27, 2025, under the company’s Share Incentive Plan (SIP), specifically the Buy As You Earn component. Winslow received 82 ordinary shares at a price of 1.844 GBP per share. The shares were delivered as a result of the purchase of partnership shares and the acquisition of matching shares.
In addition to the shares acquired, Winslow has rights to subscribe for new securities. There are outstanding awards over 858,638 ordinary shares under the Direct Line Long Term Incentive Plan and outstanding buyout awards over 1,829,778 ordinary shares. These buyout awards were granted to compensate for awards forfeited from a previous employer.
The disclosure, required under the rules of the Takeover Code, did not report any open stock-settled or cash-settled derivative positions, or any securities borrowing and lending positions or financial collateral arrangements.
Direct Line has stated that there are no indemnity or option arrangements, or agreements or understandings relating to the relevant securities that may be an inducement to deal or refrain from dealing.
This information, based on a press release statement, is provided by RNS, the news service of the London Stock Exchange (LON:LSEG) and is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.