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LONDON - Direct Line (LON:DLGD) Insurance Group plc announced Thursday that its shares have been delisted from the London Stock Exchange (LON:LSEG) and removed from the Financial Conduct Authority’s Official List, effective 8:00 a.m. today.
The delisting follows the completion of Aviva plc (LON:AV)’s acquisition of Direct Line through a court-sanctioned scheme of arrangement under Part 26 of the Companies Act. The transaction was structured as a cash and share offer for Direct Line’s entire issued and to be issued share capital.
The boards of both companies had announced the recommended offer on July 2, 2025, with the scheme document having been published on February 10, 2025.
Direct Line applied for the delisting, which marks the final step in Aviva’s takeover of the insurance group. The cancellation of trading on the London Stock Exchange’s Main Market for listed securities occurred simultaneously with the removal from the Official List.
The acquisition process was overseen by financial advisers including Morgan Stanley & Co (NYSE:MS). and Robey Warshaw for Direct Line, while Aviva was advised by Citi and Goldman Sachs International.
This announcement is based on a press release statement issued by Direct Line Insurance Group.
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