Share Buyback - Confirmation of Shares Repurchased

RNS Number : 8880G
Direct Line Insurance Group PLC
19 March 2020
 

DIRECT LINE INSURANCE GROUP PLC

 

 Share Buyback Update

 

 

Further to the announcement regarding the suspension of Direct Line Insurance Group plc's  ("DLG") Share Buyback programme this morning at 7 a.m., DLG confirms:

 

1.  No further ordinary shares were repurchased today

2.  The current mandate between DLG, on the one hand, and Morgan Stanley & Co. International Plc, on the other hand, announced on 4 March 2020 (the "Current Mandate") has been terminated with effect from the close of business on the London Stock Exchange today.

3.  Since the commencement of the Current Mandate, DLG has repurchased 10,448,395 ordinary shares at a volume weighted average price per share of £2.7548 for an aggregate consideration of £28,783,407. All the repurchased shares will be cancelled.

4.  Following the cancellation of the repurchased shares, DLG will hold no ordinary shares in treasury and will have 1,364,551,605 ordinary shares in issue. This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

LEI: 213800FF2R23ALJQOP04

 

-- ENDS--

 

Roger Clifton

Company Secretary

Telephone: +44 (0)1651 831 956

 


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