Company Announcements

Notice of redemption of 2012 debt

Source: RNS
RNS Number : 1706H
Direct Line Insurance Group PLC
04 April 2022


Direct Line Insurance Group plc

4 April 2022

Redemption of outstanding £250,000,000 of the £500,000,000 Fixed/Floating Rate Guaranteed Subordinated Notes (the "Notes") issued by Direct Line Insurance Group plc

Reference is made to the Conditions of the Notes (the "Conditions"). Terms and expressions defined in the Conditions shall have the same meanings in this notice unless otherwise defined.

Direct Line Insurance Group plc is giving notice in accordance with Condition 8.5 of the Conditions of the Notes that, on 27 April 2022, it will redeem the Notes at their principal amount, together with £46.25 per each principal amount of £1000 in accrued but unpaid interest payable thereon up to but excluding 27 April 2022. Following such redemption, there will be no Notes outstanding.

The listing of the Notes on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Regulated Market of the London Stock Exchange plc will be cancelled on, or shortly after, 27 April 2022.

For further information, please contact:


Paul Smith

Director of Investor Relations

Mobile: +44 (0)7795 811263



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