Last checked at 28 Nov 2013 14:00
Completion of sale of Direct Line Life and special dividend
28 November 2013
Further to the announcement on 8 October 2013, Direct Line Insurance Group plc ("the Company") announces that it has completed the sale of Direct Line Life Insurance Company Limited ("DLL") to Chesnara plc.
As previously disclosed, the proceeds of the sale of DLL will be returned to shareholders by way of a special dividend and the Company has today declared a special interim dividend of 4.0 pence per share.
Dividend timetable
Ex-dividend date | 4 December 2013 |
Record date | 6 December 2013 |
Final date for election under the Dividend Reinvestment Plan | 13 December 2013 |
Payment date | 31 December 2013 |
www.directlinegroup.com/investors
For further information, please contact:
Neil Manser |
Director of Investor Relations and Corporate Development |
Tel: +44 (0)20 8285 3134 |
Rob Bailhache |
Director of Communications |
Tel: +44 (0)20 8313 5850 |
Additional information
Group overview
Direct Line Group: the largest retail general insurer in the UK, the number one direct motor insurer in Italy and the number three direct motor insurer in Germany. We operate a multi-brand, multi-product and multi-channel business that covers the majority of customer segments in the UK for personal lines general insurance and small and medium-sized enterprise commercial insurance. Our brands offer the following products: motor, home, rescue, pet, travel and commercial.
Corporate information
Direct Line Insurance Group plc is a public limited company registered in England number 02280426. The address of the registered office is Churchill Court, Westmoreland Road, Bromley BR1 1DP, England.
The Company is an associate of The Royal Bank of Scotland Group plc. RBS Group comprises The Royal Bank of Scotland Group plc and its subsidiaries. In 2009, RBS Group committed to the European Commission to sell its insurance business as a condition of its receipt of State Aid. To comply with this requirement, RBS Group must cede control of the Company by the end of 2013 and must divest its entire interest by the end of 2014.
Statutory information
The statutory accounts for 2012 were signed on 27 February 2013 and were delivered to the Registrar of Companies following the Annual General Meeting held on 6 June 2013, a copy of which is available at the following website:
ara2012.directlinegroup.com.