Stabilisation Notice

RNS Number : 4714O
Direct Line Insurance Group PLC
11 October 2012
 



                                                                        11 October 2012

 

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

 

 

Direct Line Insurance Group plc (DLG LN) (the "Company")

 

Pre-stabilisation Notice 

 

Pursuant to Article 9(3) of Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC), Goldman Sachs (Daniel Martin; Telephone: +44 0207 774 1000) hereby gives notice that it and its affiliates may stabilise the offering of the following securities.

 

 

The securities:

Issuer:

Direct Line Insurance Group plc

Securities:

Ordinary Shares (ISIN: GB00B89W0M42)

Offering size:

450,000,000 shares

Offer price:

175p

Associated securities:

N/A

Stabilisation:

Stabilisation Manager:

Goldman Sachs International

Stabilisation period commences:

11 October 2012

Stabilisation period ends:

29 November 2012

Maximum size of over-allotment facility:

67,500,000 shares

Greenshoe Option:

 

Exercise period:

30 days from the start of conditional dealings

Conditions of use of over-allotment facility:

The Over-allotment Arrangements

may be exercised in whole or in part upon notice by the Stabilising Manager, at any time during the period commencing with conditional dealings of the Ordinary Shares and ending 30 days thereafter.

 

 

In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time.

 

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.

 

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

 

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (and the amendments thereto, including Directive 2010/73/EC, together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the Offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State. 

 

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STAEAXEFFLSAFEF
UK 100

Latest directors dealings